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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Industrial properties
240 Quail Ct Santa Paula, CA 93060-9653
Entity Owned
3-yr Hold
Free & Clear
Property ID
US10-1481802
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
10,540 SF
Lot
1 ac (43,560 SF)
Zoning code
M1PD
APN
107-0-210-155
UPID
US10-1481802
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$2.19M
Owner & transaction history
C&c Universal Properties LLC · 3 yrs held
C&c Universal Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
M1PD · Santa Paula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.1M
+67.8%
Apartment house (5+ units)
$3.1M
+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%
$1,790,000
6.5%
$1,655,000
7%
$1,535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,825,000
Current use
WAREHOUSE, STORAGE
$3,065,000
Change: +68% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,055,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±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
$207 / 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
$17,074
Tax year 2023
Assessed value
$1,472,848
Assessed 2024
Previous assessed
$1,443,969
+2.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$547,898
Assessed improvement
$924,950
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
1988
Heating
NONE
Total area
10,540 SF
Lot
1 ac (43,560 SF)
Zoning code
M1PD
APN
107-0-210-155
UPID
US10-1481802
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
$1.8M
WAREHOUSE, STORAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
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
1988
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
C&c Universal Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
43650 OSGOOD RD, FREMONT, CA 94539-5631
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
C&c Universal Properties LLC
—
Deed
related
$2,000,000 · Mechanics Bank
Mar 9, 2023
—
C&c Universal Properties LLC
Robert Chrisp
Grant Deed
—
Aug 19, 2021
—
Robert P Chrisp
Robert P Chrisp
Intrafamily Transfer
related
$3,111,712 · Mechanics Bank
Oct 30, 2014
$1,250,000
Robert Chrisp
Gordon P Miller
Grant Deed
$1,250,000 · Mechanics Bank
Jan 17, 2013
—
Miller Family Trust
—
Deed Of Trust
related
$1,500,000 · Community W Bank NA
Jan 14, 2005
—
Miller Family Trust
Miller,gordon P & Lisa D
Quit Claim Deed
related
—
Mar 17, 2004
$900,000
Gordon P Miller
Burhoe,tr
Grant Deed
$675,000 · Goleta National Bank
Apr 23, 2002
$650,000
Burhoe Trust
Burhoe Trust
Grant Deed
related
$598,400 · Montecito Bank & Trust
Jan 7, 2000
$575,000
Douglas W Burhoe
Gulledge,hal S
Grant Deed
$431,000 · First Western Bank
May 15, 1989
$234,054
Hal A Gulledge
Shelton Gerald H
Grant Deed
—
—
—
Miller Family Trust
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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