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    Property profile & analytics

    205 Signal St Ojai, CA 93023

    • Turn key restaurants
    • 980 SF
    • 0.27 lot acres
    For Sale
    View listing
    $1,295,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1037412
    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

    • Public Parking - City of Ojai / Public Parking Space / Corporate Office
    • Contempo Hair Design / Hair Salon / Beauty Salon
    • Three Birds / Book Store / Coffee Shop
    • Ohms Collective / Snack Bar
    • Integrity Wealth Advisors / Financial Planner / Investment Service

    Property Details for 205 Signal St

    Year built
    1946
    Lot size
    0.27 lot acres
    Property size
    980 SF
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    021-0-111-030
    APU
    210111030

    Description

    This exceptional 0.26-acre commercial property at 205 Signal Street, Ojai, CA, presents a unique investment opportunity. Currently housing a thriving hair salon with over 40 years of established business, this mixed-use zoned building offers immense flexibility. The 1,295,000 USD asking price reflects the property's prime location in downtown Ojai, directly across from Libbey Park and a block from the Post Office and Arcade. The building boasts a light and airy interior with large windows, high ceilings, and an open floor plan, creating a versatile space ideal for various uses. Existing features include a kitchen, a separate spa room, and a spacious half-bath easily adaptable for a full shower. The well-maintained exterior showcases beautiful landscaping with mature trees, a patio with a pergola, a covered porch, and ample parking. The building's excellent design and construction lend themselves to seamless conversion into a family residence, mixed living/office space, art studio, gallery, retail space, restaurant, or day spa. The possibilities are truly endless, making this a rare find in the desirable Ojai market. Its quiet location on the edge of a residential area offers both convenience and tranquility. This property is ready for a new chapter, whether continuing as a successful salon or transformed into a unique and thriving business or residence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $342,000
      Market price range: $203k - $342k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.246
    Latitude
    34.4492
    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
    $13,750
    $792,609
    $285,081
    $1,077,690
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,085,000
      3,857 SF

      842 Ojai Ave

      RESTAURANT • 3,857 SF
      842 Ojai Ave, Ojai, CA 93023-2903
      View Details
    • Value Estimation
      $305,000
      1,658 SF

      849 Ojai Ave

      RESTAURANT • 1,658 SF
      849 Ojai Ave, Ojai, CA 93023-2902
      View Details
    • Value Estimation
      $315,000
      5,107 SF

      211 Ojai Ave

      RESTAURANT • 5,107 SF
      211 Ojai Ave, Ojai, CA 93023-3213
      View Details
    • Value Estimation
      $290,000
      1,102 SF

      254 Ojai Ave

      RESTAURANT • 1,102 SF
      254 Ojai Ave, Ojai, CA 93023-2737
      View Details
    • Value Estimation
      $490,000
      2,366 SF

      502 Ojai Ave

      RESTAURANT • 2,366 SF
      502 Ojai Ave, Ojai, CA 93023-2446
      View Details
    • Value Estimation
      $500,000
      972 SF

      625 Ventura St

      RESTAURANT • 972 SF
      625 Ventura St, Ojai, CA 93023
      View Details

    Similar Nearby for Sale

    • $2,099,000

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      Turn-key restaurant in prime downtown Ojai location.
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      Prime Ojai location, vacant, needs renovation.
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      Downtown Ojai Commercial Real Estate

      High-visibility commercial property in downtown Ojai, adjacent to luxury hotel.
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    • $2,995,000
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      Ojai Redevelopment Opportunity

      Prime 1.65-acre Ojai site, 16,000 sq ft.
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    • $3,250,000

      Prime Ojai Land Opportunity

      Two adjoining lots in Ojai with income and development potential.
      205-209 N Signal St, Ojai, CA 93023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,092 SF

      Ojai Restaurant Space Available

      Prime Ojai location, 2,092 sq ft, Type 41 license.
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      View Details
    • $42 SF/Yr
      3,859 SF

      Prime Ojai Retail Space Available

      Iconic Downtown Ojai Retail, 3859 SF
      202 Ojai Ave, Ojai, CA 93023
      View Details
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    205 Signal St
    Ojai, CA 93023
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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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