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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Office buildings
205 Signal St Ojai, CA 93023-3240
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1495072
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
3,064 SF
Lot
0.26 ac (11,325 SF)
Zoning code
CR
APN
023-0-075-220
UPID
US10-1495072
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
-
Public Parking - City of Ojai Parking Lot & Garage
-
Contempo Hair Design Hair Salon
-
Three Birds Cafe & Coffee Shop
-
Ohms Collective Bar & Pub
-
Integrity Wealth Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.21M
Owner & transaction history
Stephen Hans Wagner · 5 yrs held
Stephen Hans Wagner
since 2021
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
CR · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+47.1%
Neighborhood: shopping center
$1.3M
+9.7%
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
$1,435,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,170,000
Current use
COMMERCIAL (GENERAL)
$1,725,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$1,165,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,150,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.20M (Jul 1 2021)
Last sale anchor
$1.20M
Jul 1 2021
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
$395 / 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
$15,036
Tax year 2023
Assessed value
$1,248,480
Assessed 2024
Previous assessed
$1,224,000
+2.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$728,280
Assessed improvement
$520,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
NONE
Total area
3,064 SF
Lot
0.26 ac (11,325 SF)
Zoning code
CR
APN
023-0-075-220
UPID
US10-1495072
Jurisdiction
VENTURA
Zoning & alternative use
CR · Ojai, CA
Zoning CR · permitted uses
CR · Ojai, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ojai. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1990
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Stephen Hans Wagner
Individual
Mailing address
205 S SIGNAL ST, OJAI, CA 93023-3240
Ownership since
2021
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
Jul 1, 2021
$1,200,000
Stephen Hans Wagner
Diane S Jaffe
Grant Deed
$615,000 · Cit Bank NA
Jul 1, 2021
—
Stephen Hans Wagner
Sally Wagner
Intrafamily Transfer
related
$615,000 · Cit Bank NA
Apr 21, 2021
—
Diane S Jaffe
Alan Thornhill
Grant Deed
—
Jan 13, 1997
$250,000
Alan Trust
Huckins Trust
Grant Deed
$225,000 · Seller
—
—
Alan Thornhill
—
Deed Of Trust
related
$115,000 · Ojai Valley 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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