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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2463 Grand Ave Ventura, CA 93003

    • Strip malls
    • 5,625 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2022
    $1,450,000
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    4.7%
    Strip malls
    Location Intelligence
    Property ID
    US10-1475050
    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

    • Strip malls

    Property Details for 2463 Grand Ave

    Year built
    1966
    Lot size
    0.53 lot acres
    Property size
    5,625 SF
    Zone code
    CPD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    135-0-152-155
    APU
    1350152155

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,550,000
      ML approach
      $1,650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,355,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,170,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $2,140,000
      Change: -9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,105,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,995,000
      Change: -15% Conversion: Easy
      OFFICE BUILDING
      $1,915,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.207
    Latitude
    34.2515
    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
    $16,082
    $714,000
    $765,000
    $1,479,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $875,000
      14,248 SF

      5100 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 14,248 SF
      5100 Telegraph Rd, Ventura, CA 93003-8182
      View Details
    • Value Estimation
      $880,000
      11,096 SF

      2611 Thompson Blvd

      SHOPPING CENTER, STRIP CENTER • 11,096 SF
      2611 Thompson Blvd, Ventura, CA 93003-2743
      View Details
    • Value Estimation
      $815,000
      14,560 SF

      4221 Main St

      SHOPPING CENTER, STRIP CENTER • 14,560 SF
      4221 Main St, Ventura, CA 93003-8285
      View Details
    • Value Estimation
      $420,000
      7,100 SF

      3737 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 7,100 SF
      3737 Telegraph Rd, Ventura, CA 93003-3464
      View Details
    • Value Estimation
      $415,000
      3,633 SF

      3613 Telegraph Rd

      SHOPPING CENTER, STRIP CENTER • 3,633 SF
      3613 Telegraph Rd, Ventura, CA 93003
      View Details
    • Value Estimation
      $630,000
      12,464 SF

      6477 Telephone Rd

      SHOPPING CENTER, STRIP CENTER • 12,464 SF
      6477 Telephone Rd, Ventura, CA 93003-4459
      View Details

    Similar Nearby for Sale

    • $135,000

      Established Auto Body Repair Shop

      Well-established auto body repair shop, 30 years in business.
      1649 Palma Dr, Ventura, CA 93003
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    • $59,000

      Established Business Opportunity For Sale

      Established business for sale with check cashing license.
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    • $1,700,000

      Retail and Office Building For Sale

      Retail building with office spaces and parking in Ventura.
      2424 E Main St, Ventura, CA 93003
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    • $1,900,000

      Mid-Town Retail Units For Sale

      Four retail units in mid-town location with high visibility.
      2377 E Main St, Ventura, CA 93003
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    • $5,000,000
      13,628 SF

      Ventura Executive Office Building

      Prime Ventura location, 13,628 SF office space.
      300 Ml Rd, Ventura, CA 93003
      View Details
    • Contact for pricing
      14,112 SF

      Ventura Office Building For Sale

      Class A Office, Prime Location, 14,112 SF
      250 Ml Rd, Ventura, CA 93003
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      180,576 SF

      Ventura Office Park Investment

      Seven-building office campus, Ventura, CA
      6633 Telephone Rd, Ventura, CA 93003
      View Details
    • $14 SF/Yr
      7,264 SF

      Ventura Retail Strip Center Opportunity

      High-traffic Ventura retail space available.
      3004 Telegraph Rd, Ventura, CA 93003
      View Details
    • $17 SF/Yr
      8,471 SF

      Ventura Retail Center Opportunity

      Prime Ventura retail space, multiple units available
      0 Main St, Ventura, CA 93003
      View Details
    • $2 SF/Yr
      316,000 SF

      Retail Suites Available For Lease

      Retail suites available for lease at The Willows shopping center.
      6838 Northbank Dr, Ventura, CA 93003
      View Details
    • Contact for pricing
      31,408 SF

      Ventura Gateway Retail Spaces Available

      High-profile Ventura retail spaces, 1,326-18,761 sq ft.
      0 Swc Telephone Rd & Portola Rd, Ventura, CA 93003
      View Details
    • $17 SF/Yr
      2,250 SF

      Ventura Main Street Retail Space

      Prime Ventura retail, 2,250 sq ft available
      2363 Main St, Ventura, CA 93003
      View Details
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    2463 Grand Ave
    Ventura, CA 93003
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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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