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    162 N Ventura Rd Port Hueneme, CA 93041
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    Property profile & analytics

    162 N Ventura Rd Port Hueneme, CA 93041

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    • Mixed-use properties
    Off-Market
    Property ID
    US10-1523922
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 162 N Ventura Rd

    Year built
    1947
    Property type
    Mixed-use properties
    Property subtype
    Office Spaces

    Description

    Mixed-Use Office & Retail | Adaptive Use It will be available September 2027, I am seeking long-term at lease 5-10 years. his building has been Christian Church for almost 2 decades. Before the church, there were, Surf Shop, Carpets Store, Hardware Store, Grocery store since 1947. This property was one of those designated to be rezoned from C-1 (General Commercial) to (R-4) Mixed- Use Residential. “The City is also updating the R-4 standards to ensure all of the existing uses development currently allowed in theC-1 zone will continued to be allowed in the R-4 zone to avoid negatively impacting eh development currently on your property”. “What this means to you” With to rezoning of your property, you will be able to continue to enjoy the current development standards of the C-1 zone. However, you will also now to be able to redevelop your property. should you choose to, with high-density residential uses instead of, or in addition to general commercial uses. Giving the state’s priority for the development of new residential units, this may have the positive effect of making your appealable to a wider range of prospective buyers, should you ever choose to sell it”. Tony Stewart AICP Director of Community and Economic Development

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Hueneme
    County
    Ventura
    State
    California
    Longitude
    -119.1951625
    Latitude
    34.1488046

    Comparable in this City

    • Contact for pricing

      Spanish Style Shopping Center

      Shopping center across from Naval Base and Channel Islands Harbor.
      309 W Channel Islands Blvd, Port Hueneme, CA 93041
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Neighborhood shopping center with high traffic in Port Hueneme.
      840 N Ventura Rd, Port Hueneme, CA 93041
      View Details
    • $2 SF/Yr
      1,300 SF

      Port Hueneme Freestanding Office Building

      Freestanding office building located behind Port City Plaza shopping center.
      430 Park Ave, Port Hueneme, CA 93041
      View Details
    • $10 SF/Yr

      Retail Space Available For Rent

      Retail spaces available, ranging from 659 to 1,275 square feet.
      832 N Ventura Rd, Port Hueneme, CA 93041
      View Details
    • Contact for pricing
      1,512 SF

      Retail Space For Rent

      In-line retail space available for lease.
      693-749 W Channel Islands Blvd, Port Hueneme, CA 93041
      View Details
    • Contact for pricing

      Restaurant Space in Active Retail

      End-cap restaurant space with kitchen in active retail center.
      467 W Channel Islands Blvd, Port Hueneme, CA 93041
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,845 SF

      Prime Retail Center For Sale

      Retail center with frontage exposure on Channel Islands Blvd.
      431 W Channel Islands Blvd, Port Hueneme, CA 93041
      View Details
    • $3,299,000

      Commercial Land For Sale

      Commercial land available for purchase.
      720 N Ventura Rd, Port Hueneme, CA 93041
      View Details
    • $130,000
      2,172 SF

      Turnkey Sushi Restaurant Opportunity

      Profitable sushi restaurant for sale in prime Port Hueneme location.
      669 West Channel Islands Blvd, Port Hueneme, CA 93041
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spanish Style Shopping Center

      Shopping center across from Naval Base and Channel Islands Harbor.
      309 W Channel Islands Blvd, Port Hueneme, CA 93041
      View Details
    • Contact for pricing

      Retail Space in Busy Center

      Neighborhood shopping center with high traffic in Port Hueneme.
      840 N Ventura Rd, Port Hueneme, CA 93041
      View Details
    • $2 SF/Yr
      1,300 SF

      Port Hueneme Freestanding Office Building

      Freestanding office building located behind Port City Plaza shopping center.
      430 Park Ave, Port Hueneme, CA 93041
      View Details
    • $10 SF/Yr

      Retail Space Available For Rent

      Retail spaces available, ranging from 659 to 1,275 square feet.
      832 N Ventura Rd, Port Hueneme, CA 93041
      View Details
    • Contact for pricing
      1,512 SF

      Retail Space For Rent

      In-line retail space available for lease.
      693-749 W Channel Islands Blvd, Port Hueneme, CA 93041
      View Details
    • Contact for pricing

      Restaurant Space in Active Retail

      End-cap restaurant space with kitchen in active retail center.
      467 W Channel Islands Blvd, Port Hueneme, CA 93041
      View Details
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    Port Hueneme, CA 93041
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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.

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    162 N Ventura Rd, Port Hueneme, CA, 93041
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