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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Industrial properties
1574 Lemonwood Dr Santa Paula, CA 93060-1839
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-1478687
Property summary
AI-generated overview
This exceptional industrial portfolio in Santa Paula, CA, presents a compelling investment opportunity. Comprising three buildings totaling 12,536 square feet on a sprawling 83.4-acre lot, this multi-tenant property offers significant potential. Built in 2014, the property features two buildings across two stories, zoned for industrial use. The asking price is $5,500,000, translating to $438.74 per square foot and $1,833,333.33 per unit. The property's location in Ventura County provides easy access to major transportation routes, making it ideal for distribution and manufacturing operations. With its substantial size and versatile zoning, this property is suitable for a variety of industrial uses, offering a strong return on investment for both owner-occupiers and investors. The property includes APNs 04-0-200-220, 107-0-011-290, 104-0-200-245, 107-0-011-350, 107-0-011-365, 107-0-011-375, 104-0-200-275, and 107-0-011-220. This is a rare opportunity to acquire a significant industrial holding in a thriving California market. The property's strategic location and substantial size make it an attractive proposition for businesses seeking expansion or investors looking for a high-yield asset.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2014
Total area
10,502 SF
Lot
2.84 ac (123,710 SF)
Zoning code
M2
APN
107-0-011-290
UPID
US10-1478687
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
Current use
Occupant on record · Public records
-
GA Kundensport, LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
Lemonwood Property LLC · 1 yrs held
Lemonwood Property LLC
since 2025
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
M2 · Santa Paula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+178.9%
Neighborhood: shopping center
$4.4M
+141.8%
Office building
$4.0M
+120.6%
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 Santa Paula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Paula 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
$4,480,000
ML approach
$4,605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,075,000
Change: +179% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,400,000
Change: +142% · Conversion: Difficult
OFFICE BUILDING
$4,015,000
Change: +121% · Conversion: Difficult
MEDICAL BUILDING
$3,995,000
Change: +119% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,935,000
Change: +116% · Conversion: Easy
WAREHOUSE, STORAGE
$3,055,000
Change: +68% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,045,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$4.65M
Range $4.18M – $5.11M · ±10% · vs last sale $4.75M (Nov 5 2024)
Last sale anchor
$4.75M
Nov 5 2024
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
$442 / 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
$33,413
Tax year 2023
Assessed value
$2,851,736
Assessed 2024
Previous assessed
$2,795,820
+2.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$967,572
Assessed improvement
$1,884,164
Applied tax rate
4.0000
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
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2014
Heating
NONE
Total area
10,502 SF
Lot
2.84 ac (123,710 SF)
Zoning code
M2
APN
107-0-011-290
UPID
US10-1478687
Jurisdiction
VENTURA
Zoning & alternative use
M2 · Santa Paula, CA
Zoning M2 · permitted uses
M2 · Santa Paula, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Paula. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2014
Heating
NONE
Lot
2.84 ac
Current owner
From public records · entity-resolved
Lemonwood Property LLC
Entity
Mailing address
PO BOX 51740, OXNARD, CA 93031-1740
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
Lemonwood Property LLC
—
Deed
related
$1,946,000 · The Mortgage Capital Development Corp
Feb 5, 2025
$4,750,000
Lemonwood Property LLC
270 Quail Court LLC
Grant Deed
$2,375,000 · Mission Bank
Oct 28, 2024
—
Amelia Dishion
—
Deed
related
$250,060 · Mel Giffin INC
Dec 20, 2021
$3,750,000
270 Quail Ct LLC
Lemonwood Drive Investors LLC
Grant Deed
$2,200,000 · Mission Bank
Jan 3, 2020
—
Lemonwood Drive Investors LLC
Winn Family Trust
Quit Claim Deed
related
—
Mar 7, 2013
$353,500
Winn Family Trust
Galarneu Family Trust
Quit Claim Deed
related
—
Jan 26, 2011
—
Galarneau Family Trust
Twining Travis G Trust
Grant Deed
—
May 22, 2008
$1,300,000
Winn Family Trust
Burhoe D W JR Family Trust
Grant Deed
$1,280,000 · Burhoe D W JR Family Trust
—
—
Douglas W Burhoe
—
Deed Of Trust
related
$325,000 · Santa Clara Valley Bank
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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