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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Industrial properties
1790 Lemonwood Dr Santa Paula, CA 93060-9510
Individually Owned
7-yr Hold
Free & Clear
Property ID
US10-1024348
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Total area
7,835 SF
Lot
1.07 ac (46,609 SF)
Zoning code
M1PD
APN
107-0-210-335
UPID
US10-1024348
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
-
Aurora Engineering Building Supply Metal Fabrication Plant
-
Aurora Casting & Engineering Building Supply Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.69M
Owner & transaction history
John C Penrose · 7 yrs held
John C Penrose
since 2018
5 recorded transactions
Zoning & alternative use
M1PD · Santa Paula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.3M
+67.8%
Apartment house (5+ units)
$2.3M
+67.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,360,000
Current use
WAREHOUSE, STORAGE
$2,280,000
Change: +68% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,270,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±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
$215 / 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
$14,810
Tax year 2023
Assessed value
$1,269,141
Assessed 2024
Previous assessed
$1,244,256
+2.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$250,869
Assessed improvement
$1,018,272
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
1998
Heating
NONE
Total area
7,835 SF
Lot
1.07 ac (46,609 SF)
Zoning code
M1PD
APN
107-0-210-335
UPID
US10-1024348
Jurisdiction
VENTURA
Zoning & alternative use
M1PD · Santa Paula, CA
Zoning M1PD · permitted uses
M1PD · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
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
1998
Heating
NONE
Lot
1.07 ac
Current owner
From public records · entity-resolved
John C Penrose
Individual
Free & Clear · 7 yrs held
Mailing address
3252 CALLE DE DEBESA, CAMARILLO, CA 93010-8336
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2018
—
John C Penrose
Penrose C F & P R 1991 Trust
Quit Claim Deed
related
—
Jun 20, 2016
—
John C Penrose
Penrose,patricia R
Affidavit Of Death
related
—
Jun 15, 2009
—
Penrose C F & P R 1991 Trust
Penrose C F & P R 1991 Trust
Quit Claim Deed
related
—
Jan 8, 2009
—
Patricia R Penrose
Penrose,clarence F
Affidavit Of Death
related
—
Nov 12, 1997
$173,500
Clarence F Penrose
Lemonwood Industrial Park INC
Grant Deed
—
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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