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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Strip malls
202 Ojai Ave Ojai, CA 93023-2737
Trust Owned
10-yr Hold
~
Est. High Equity
Property ID
US10-1027106
Property summary
AI-generated overview
This exceptional 3,859-square-foot retail space is ideally situated at the entrance to Ojai's Arcade Plaza, in the heart of downtown Ojai, California. Its prime location offers unparalleled visibility and accessibility. Across the street are the Historic Post Office and Libbey Park/Bowl, while the soon-to-open El Roblar Hotel and the recently renovated Ojai Playhouse are also nearby, ensuring high foot traffic and a vibrant atmosphere. Previously occupied by Ojai Village Pharmacy (now relocating), this single-tenant property presents a blank canvas for a variety of retail concepts. Imagine a design showroom, home goods store, art gallery, or other retail venture thriving in this coveted location. The space is currently undergoing improvements, including the addition of an ADA-compliant bathroom and cosmetic upgrades, ensuring a modern and functional environment for the next tenant. This Ventura County property, located at 202 E Ojai Ave, Ojai, CA 93023, offers a unique opportunity to establish a successful business in one of California's most charming and desirable towns. The property is classified as Street Retail and Retail Storefront.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1930
Total area
5,750 SF
Lot
0.15 ac (6,403 SF)
Zoning code
C1
APN
021-0-140-330
UPID
US10-1027106
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
-
Ojai Village Pharmacy Pharmacy
-
Fred Leivo Pharmacy
-
Cathy Elliott Jones Esq Law Firm
-
OJAICA11 Central Office Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Badt,richard E Trust · 10 yrs held
Badt,richard E Trust
since 2016
5 recorded transactions
Zoning & alternative use
C1 · Ojai, CA
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 Ojai submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ojai 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%
$1,235,000
6.5%
$1,140,000
7%
$1,055,000
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$176 / 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
$18,986
Tax year 2023
Assessed value
$836,994
Assessed 2024
Previous assessed
$836,994
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$292,941
Assessed improvement
$544,053
Applied tax rate
2.0000
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
1930
Heating
NONE
Total area
5,750 SF
Lot
0.15 ac (6,403 SF)
Zoning code
C1
APN
021-0-140-330
UPID
US10-1027106
Jurisdiction
VENTURA
Zoning & alternative use
C1 · Ojai, CAZoning C1 · permitted uses
C1 · Ojai, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Badt,richard E Trust
Trust
Mailing address
PO BOX 1712, PALM SPRINGS, CA 92263-1712
Ownership since
2016
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
Mar 7, 2025
—
Evan Badt
—
Deed
related
$400,000 · Citizens Business Bank
Apr 26, 2016
—
Badt,richard E Trust
Badt,richard
Quit Claim Deed
related
—
Jun 16, 2003
—
Evan Badt
Badt,patricia G
Quit Claim Deed
related
—
Apr 6, 1992
—
Badt Trust
Badt Trust
Quit Claim Deed
related
$250,000 · Bank Of A Levy
—
—
Wells Fargo Bank
—
Deed Of Trust
related
$215,000 · American Commercial 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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