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    Property profile & analytics

    1651 Victoria Ave Oxnard, CA 93035

    • Strip malls
    • 32,016 SF
    • 2.28 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    $910,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1480029
    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

    • Golden Egg Cafe / Breakfast Restaurant
    • Suisen Ramen & Sushi / Ramen Restaurant / Diner
    • The Raven Tavern / Restaurant / American Restaurant
    • 24 Hour Fitness / Gym / Fitness Center

    Property Details for 1651 Victoria Ave

    Year built
    2008
    Lot size
    2.28 lot acres
    Property size
    32,016 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    188-0-310-045
    APU
    1880310045

    Description

    This 1,012 square foot retail space is located at 1651 Victoria Avenue in Oxnard, California, within Ventura County's Channel Islands submarket cluster. Currently vacant, this single-tenant property is situated inside an existing 24 Hour Fitness gym, presenting a unique opportunity for businesses in the health and wellness sector. Suitable uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services and related programs, health diagnostic screening and testing, and sales of sport, health, and wellness products and accessories, including workout apparel. Prospective tenants should note that food and beverage preparation on-site is prohibited, as are pole dancing classes and uses requiring significant construction or utility upgrades. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property's zip code is 93035.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxnard
    County
    Ventura
    State
    California
    Longitude
    -119.222
    Latitude
    34.1844
    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
    $160,287
    $2,367,170
    $7,727,188
    $10,094,358
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $400,000
      4,857 SF

      1101 Victoria Ave

      SHOPPING CENTER, STRIP CENTER • 4,857 SF
      1101 Victoria Ave, Oxnard, CA 93035-1298
      View Details
    • Value Estimation
      $480,000
      8,214 SF

      1041 Patterson Rd

      SHOPPING CENTER, STRIP CENTER • 8,214 SF
      1041 Patterson Rd, Oxnard, CA 93035-1736
      View Details
    • Value Estimation
      $1,005,000
      56,230 SF

      1291 Victoria Ave

      SHOPPING CENTER, STRIP CENTER • 56,230 SF
      1291 Victoria Ave, Oxnard, CA 93035-1292
      View Details
    • Value Estimation
      $785,000
      13,926 SF

      1201 Victoria Ave

      SHOPPING CENTER, STRIP CENTER • 13,926 SF
      1201 Victoria Ave, Oxnard, CA 93035-1292
      View Details
    • Value Estimation
      $720,000
      18,616 SF

      1101 Victoria Ave

      SHOPPING CENTER, STRIP CENTER • 18,616 SF
      1101 Victoria Ave, Oxnard, CA 93035-1298
      View Details
    • Value Estimation
      $595,000
      1.14 Acres

      550 Victoria Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.14 Acres
      550 Victoria Ave, Oxnard, CA 93035-1255
      View Details

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    • $20 SF/Yr
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      Oxnard Retail Space: 1012 SF

      Prime Oxnard retail space, ideal for fitness businesses.
      1651 Victoria Ave, Oxnard, CA 93035
      View Details
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    Oxnard, CA 93035
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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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