Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1007 Main St Ventura, CA 93001

    • Lifestyle centers
    • 1,965 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0719935
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1007 Main St

    Property size
    1,965 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers
    APN
    073-0-057-220

    Description

    This 1,965 square foot retail property, located at 1007 East Main Street in Ventura, California (zip code 93001), is offered at $1,100,000 ($559.80/sq ft). Situated on an 11,866 square foot lot (APN: 073-0-057-220), this property is zoned T4 and boasts a prime location in the heart of Ventura, just east of the downtown core, near City Hall and the Ventura County government. The area is characterized by a mix of office spaces, retail stores, medical facilities, entertainment venues, and residential properties, creating a vibrant and busy atmosphere. The property benefits from its proximity to the US-101 freeway, with over 124,000 vehicles traveling daily just four blocks south. This desirable seaside community has a population of approximately 74,583 within a five-mile radius, with average household incomes exceeding $114,000. The existing building offers versatile potential uses, including office space, retail stores, financial services, personal care services (nail salons, yoga studios), and other destination-driven retail or service businesses. This presents a unique investment opportunity in a thriving coastal California market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.28524986939
    Latitude
    34.280826167729

    Comparable in this City

    • $970,000

      Ventura Commercial Property Opportunity

      Free-standing building suitable for retail, restaurant, or studio.
      2842 N Ventura Ave, Ventura, CA 93001
      View Details
    • $800,000

      Downtown Ventura Fast Food Location

      High-traffic, income-generating fast food property near Ventura beach.
      410 E Thompson Blvd, Ventura, CA 93001
      View Details
    • $3,800,000

      Downtown Ventura Mixed-Use Property

      Mixed-use property in downtown Ventura with retail and office spaces.
      738 E Main St, Ventura, CA 93001
      View Details
    • $1,100,000

      Mid-Town Retail and Residential Property

      Retail spaces, studio apartment, and parking in mid-town Ventura.
      1723 E Main St, Ventura, CA 93001
      View Details
    • $1,950,000
      8,134 SF

      Ventura Retail Storefront - $1.95M

      Prime Ventura retail space, 8,134 sq ft.
      1858 Thompson Blvd, Ventura, CA 93001
      View Details
    • New
      $1,895,000
      3,723 SF

      Ventura Live/Work Art Compound

      Unique dual-zoned live/work property near downtown Ventura and the beach.
      161 N Garden St, Ventura, CA 93001
      View Details

    Similar Nearby for Sale

    • $970,000

      Ventura Commercial Property Opportunity

      Free-standing building suitable for retail, restaurant, or studio.
      2842 N Ventura Ave, Ventura, CA 93001
      View Details
    • $800,000

      Downtown Ventura Fast Food Location

      High-traffic, income-generating fast food property near Ventura beach.
      410 E Thompson Blvd, Ventura, CA 93001
      View Details
    • $1,100,000

      Mid-Town Retail and Residential Property

      Retail spaces, studio apartment, and parking in mid-town Ventura.
      1723 E Main St, Ventura, CA 93001
      View Details
    • $1,950,000
      8,134 SF

      Ventura Retail Storefront - $1.95M

      Prime Ventura retail space, 8,134 sq ft.
      1858 Thompson Blvd, Ventura, CA 93001
      View Details
    • New
      $1,895,000
      3,723 SF

      Ventura Live/Work Art Compound

      Unique dual-zoned live/work property near downtown Ventura and the beach.
      161 N Garden St, Ventura, CA 93001
      View Details
    • $3,800,000

      Downtown Ventura Mixed-Use Property

      Mixed-use property in downtown Ventura with retail and office spaces.
      738 E Main St, Ventura, CA 93001
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      7,600 SF

      Mission Plaza Retail Space Available

      Grocery-anchored retail center in West Ventura.
      51 Ventura Ave, Ventura, CA 93001
      View Details
    • $2.00 SF/Yr
      5,000 SF

      Retail Plaza in Ventura Harbor

      Retail and restaurant spaces in mixed-use waterfront development.
      Anchors Way/Schooner Dr, Ventura, CA 93001
      View Details
    • $5,500 /Mo

      Remodeled Retail/Office Building on Ventura

      Remodeled commercial building with updated restrooms and off-street parking.
      339 N Ventura Ave, Ventura, CA 93001
      View Details
    • $3 SF/Yr
      3,055 SF

      Ventura Ave Retail Space For Lease

      Prime Ventura retail space, 3,055 sq ft, available now.
      160 Ventura Ave, Ventura, CA 93001
      View Details
    • Contact for pricing
      5,573 SF

      Ventura Ave Retail Space Available

      Prime Ventura retail, 5,573 sq ft, multiple spaces.
      160 Ventura Ave, Ventura, CA 93001
      View Details
    • $30 SF/Yr
      10,168 SF

      Encinal Plaza: Ventura Creative Office

      Midtown Ventura Office Suites - Q2 2024 Delivery
      1561 Main St, Ventura, CA 93001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1007 Main St
    Ventura, CA 93001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.