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Property profile & analytics
OFF-MARKET
Estimated value
$7,955,000
Strip malls
1651 Victoria Ave Oxnard, CA 93035-2177
Entity Owned
11-yr Hold
Free & Clear
Property ID
US10-1480029
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
32,016 SF
Lot
2.28 ac (99,316 SF)
APN
188-0-310-045
UPID
US10-1480029
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
-
Golden Egg Cafe Restaurant
-
Suisen Ramen & Sushi Restaurant
-
The Raven Tavern Restaurant
-
24 Hour Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.96M
Owner & transaction history
Seabridge Partners LP|seabridge Equity LLC · 11 yrs held
Seabridge Partners LP|seabridge Equity LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Oxnard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oxnard 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,350,000
6.5%
$7,710,000
7%
$7,160,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,235,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,995,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$7.96M
Range $7.16M – $8.75M · ±10%
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
$248 / 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
$160,287
Tax year 2023
Assessed value
$10,094,358
Assessed 2024
Previous assessed
$9,896,430
+2.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$2,367,170
Assessed improvement
$7,727,188
Applied tax rate
3.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
NONE
Total area
32,016 SF
Lot
2.28 ac (99,316 SF)
APN
188-0-310-045
UPID
US10-1480029
Jurisdiction
VENTURA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$12.0M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Lot
2.28 ac
Current owner
From public records · entity-resolved
Seabridge Partners LP|seabridge Equity LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 15928, BEVERLY HILLS, CA 90209-1928
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
—
Seabridge Partners LP
—
Deed
related
$14,700,000 · Bank Of America NA
Apr 1, 2019
—
Seabridge Equity LLC
—
Grant Deed
related
$12,500,000 · Mufg Union Bk NA
Dec 16, 2014
—
Seabridge Partners LP|seabridge Equity LLC
—
Grant Deed
related
$13,000,000 · Mufg Union Bk NA
Oct 31, 2014
$19,000,000
Seabridge Partners LP|seabridge Equity LLC
Sa Challenger INC
Quit Claim Deed
related
—
Feb 22, 2013
—
K & G Of Seabridge II LLC
—
Deed Of Trust
related
$18,600,000 · Us Bank NA
Oct 20, 2010
—
K & G Of Seabridge II LLC
—
Deed Of Trust
related
$18,600,000 · California National Bank
Aug 31, 2006
—
K & G Of Seabridge II LLC
D R Horton Los Angeles Holding
Grant Deed
$2,855,070 · California National Bank
—
—
K & G Of Seabridge II LLC
—
Deed Of Trust
related
$264,652 · Voss Cook & Thel LLP
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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