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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Industrial properties
1531 Callens Rd Ventura, CA 93003-5606
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1612593
Property profile
Verified
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Year built
1960
Total area
6,488 SF
Lot
0.29 ac (12,632 SF)
Zoning code
M1D
APN
138-0-112-125
UPID
US10-1612593
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.19M
Owner & transaction history
Mark Reid · 5 yrs held
Mark Reid
since 2021
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
M1D · Ventura, CA
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventura submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,240,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MULTI-TENANT INDUSTRIAL BUILDING
$1,275,000
Current use
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $850k (Jul 29 2021)
Last sale anchor
$850k
Jul 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$183 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,300
Tax year 2023
Assessed value
$1,130,297
Assessed 2024
Previous assessed
$1,108,135
+2.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$492,010
Assessed improvement
$638,287
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Status
Off-Market
Year built
1960
Heating
NONE
Total area
6,488 SF
Lot
0.29 ac (12,632 SF)
Zoning code
M1D
APN
138-0-112-125
UPID
US10-1612593
Jurisdiction
VENTURA
Zoning & alternative use
M1D · Ventura, CAZoning M1D · permitted uses
M1D · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
MULTI-TENANT INDUSTRIAL BUILDING Current
Est. value
$1.3M
MULTI-TENANT INDUSTRIAL BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mark Reid
Individual
Mailing address
1004 MEADOWLARK DR, FILLMORE, CA 93015-1101
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
—
Mark Reid
Mark Reid
Intrafamily Transfer
related
$825,000 · Jss Financial INC
Sep 28, 2016
—
Mark Reid
—
Deed
related
$610,000 · Velocity Com'l Cap
Aug 11, 2006
—
Mark Reid
Reid,stephanie
Quit Claim Deed
related
—
Aug 11, 2006
$850,000
Mark Reid
Building Exchange Co
Grant Deed
$566,250 · Velocity Commercial Capital LLC
Aug 4, 2006
—
Kona Fund LLC
Mcdaniel Cynthia P Trust
Grant Deed
—
Jun 30, 2006
$267,000
Building Exchange Co
Ramona Property Partners LLC
Grant Deed
—
Jun 30, 2006
—
Ramona Property Partners LLC
Marietta M J Trust
Grant Deed
—
Jan 2, 2003
$875,000
Callens-market LLC
Troxell,tr
Grant Deed
$600,000 · Troxell Trust
—
—
Mark Reid
—
Deed Of Trust
related
$65,000 · Murphy Family Trust
—
—
Mark Reid
—
Deed Of Trust
related
$610,000 · Velocity Com'l Cap
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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