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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Strip malls
208 Ojai Ave Ojai, CA 93023-2737
Entity Owned
5-yr Hold
Free & Clear
Property ID
US10-1027107
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1925
Total area
8,150 SF
Lot
0.22 ac (9,539 SF)
Zoning code
C1
APN
021-0-140-340
UPID
US10-1027107
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
-
The Naturalist Organic Winery & Tasting Room Brewery & Distillery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.98M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
Holzapfel Properties LLC · 5 yrs held
Holzapfel Properties LLC
since 2021
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
C1 · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+15.3%
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 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
$2,955,000
ML approach
$2,980,000
CAP Approach
CAP Return
Estimation
6%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,415,000
Current use
RESTAURANT
$3,940,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$3,115,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$3,100,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,055,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.48M (May 11 2021)
Last sale anchor
$2.48M
May 11 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
$307 / 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
$39,939
Tax year 2023
Assessed value
$2,626,489
Assessed 2024
Previous assessed
$2,574,990
+2.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$716,315
Assessed improvement
$1,910,174
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
1925
Heating
NONE
Total area
8,150 SF
Lot
0.22 ac (9,539 SF)
Zoning code
C1
APN
021-0-140-340
UPID
US10-1027107
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
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
1925
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Holzapfel Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1863 EASTMAN AVE, VENTURA, CA 93003-8084
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
May 11, 2021
$2,475,000
Holzapfel Properties LLC
Khaled A Al Awar
Grant Deed
—
Nov 13, 2009
—
Al-awar K & S Family Trust
Al-awar,khaled
Quit Claim Deed
related
—
Jun 29, 1990
$623,000
Khaled Al-awar
Unknown
Grant Deed
—
—
—
Riad Al-awar
—
Deed Of Trust
related
—
—
—
Khaled Al-awara
—
Deed Of Trust
related
$860,000 · Bank Of Hemet
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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