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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    118 Ml St Santa Paula, CA 93060-2812

    • Auto shops
    • 8,220 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2023
    $811,000
    Value Estimations
    $880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1023984
    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

    • Santa Paula Collision Center / Auto Body Shop

    Property Details for 118 Ml St

    Year built
    1970
    Lot size
    0.59 lot acres
    Property size
    8,220 SF
    Zone code
    C2
    Property type
    Auto shops
    APN
    103-0-112-355
    APU
    1030112355

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $855,000
      ML approach
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $956,000
      Market price range: $573k - $2.04M

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Paula
    County
    Ventura
    State
    California
    Longitude
    -119.062
    Latitude
    34.3543
    CBSA code
    37100
    CBSA name
    OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,904
    $464,233
    $476,939
    $941,172
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $275,000
      1,400 SF

      15858 Telegraph Rd

      AUTO REPAIR, GARAGE • 1,400 SF
      15858 Telegraph Rd, Santa Paula, CA 93060-3040
      View Details
    • Value Estimation
      $435,000
      8,013 SF

      126 Hallock Dr

      AUTO REPAIR, GARAGE • 8,013 SF
      126 Hallock Dr, Santa Paula, CA 93060-9611
      View Details
    • Value Estimation
      $375,000
      2,880 SF

      1452 Harvard Blvd

      AUTO REPAIR, GARAGE • 2,880 SF
      1452 Harvard Blvd, Santa Paula, CA 93060-2942
      View Details
    • Value Estimation
      $320,000
      147 SF

      1102 Main St

      AUTO REPAIR, GARAGE • 147 SF
      1102 Main St, Santa Paula, CA 93060-2922
      View Details
    • Value Estimation
      $335,000
      264 SF

      111 Harvard Blvd

      AUTO REPAIR, GARAGE • 264 SF
      111 Harvard Blvd, Santa Paula, CA 93060
      View Details
    • Value Estimation
      $465,000
      5,400 SF

      1085 Main St

      AUTO REPAIR, GARAGE • 5,400 SF
      1085 Main St, Santa Paula, CA 93060-2825
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Santa Paula Automotive Shop

      Automotive shop for sale in Santa Paula, California.
      820 Railroad Ave, Santa Paula, CA 93060
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    • $1,195,000

      Downtown Santa Paula Retail/Office Building

      Two-story commercial building in downtown Santa Paula with retail/office space.
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    • $525,000

      Santa Paula Event Venue

      Event venue with open floor space and commercial kitchen.
      136 S Ojai St, Santa Paula, CA 93060
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    • $1,100,000

      Turnkey Restaurant Opportunity in Santa Paula

      Restaurant for sale in desirable Santa Paula location.
      650 W Harvard Blvd, Santa Paula, CA 93060
      View Details
    • $599,000

      Downtown Santa Paula Retail Opportunity

      Commercial property in revitalizing downtown Santa Paula, Ventura County.
      1020 East Main St, Santa Paula, CA 93060
      View Details
    • $1,250,000

      Santa Paula Retail Opportunity

      Two commercial buildings in historic downtown Santa Paula.
      974 East Main St, Santa Paula, CA 93060
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    Similar Nearby for Lease

    • Contact for pricing
      3 SF

      Land for Retail Development

      Land available for hotel, restaurant, and retail development.
      Sec Hwy 126 & Hallock Dr, Santa Paula, CA 93060
      View Details
    • $2 SF/Yr
      1,600 SF

      Shell Road Retail Space - Ventura County

      Prime Ventura County Retail Space - 1600 sq ft
      913 Shell Rd, Santa Paula, CA 93060
      View Details
    • $26 SF/Yr
      3,400 SF

      Historic Santa Paula Office Space

      Prime Office, 1,913 SF Available
      216 8Th St, Santa Paula, CA 93060
      View Details
    • $1.10 SF/Yr
      14,524 SF

      Santa Paula Warehouse/Distribution Space

      Freestanding building suitable for manufacturing, warehousing, or distribution.
      1780 E Lemonwood Dr, Santa Paula, CA 93060
      View Details
    • $25,000

      Santa Paula Farm Ground For Lease

      Farm ground available for lease in Santa Paula, California.
      000 Faulkner Rd, Santa Paula, CA 93060
      View Details
    • $0.15 SF/Yr

      Santa Paula Industrial Land Available

      Divisible industrial land for lease in Santa Paula, California.
      905 Corporation St, Santa Paula, CA 93060
      View Details
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    118 Ml St
    Santa Paula, CA 93060-2812
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    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
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