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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Medical Office Space
247 March St Santa Paula, CA 93060-2511
Entity Owned
21-yr Hold
Free & Clear
Property ID
US10-1010663
Property summary
AI-generated overview
This exceptional 6,000 square foot medical office building, located in the heart of Santa Paula, offers multiple suites for lease. Built in 1960 and extensively renovated in 2023, the Class C property boasts three total suites, with 2,000 square feet currently vacant. Spaces are divisible to a minimum of 1,000 square feet, with a maximum contiguous space of 6,000 square feet available. The building enjoys a convenient location near premier medical providers such as Dignity Health and DaVita Dialysis, ensuring high visibility and accessibility for medical professionals. Ample parking is available for patients and staff. The landlord is committed to assisting tenants with build-out and updates to customize their space. The property's Assesor's Parcel Number (APN) is 105-0-064-105, and its cross street is Dean. This presents a unique opportunity for medical practices seeking a well-maintained, conveniently located, and adaptable space in a thriving community. The building's strategic location and recent renovations make it an ideal choice for a variety of medical uses. Inquire today to learn more about leasing options and customize your perfect medical office space.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1967
Total area
5,984 SF
Lot
0.65 ac (28,314 SF)
Zoning code
CO
APN
105-0-064-105
UPID
US10-1010663
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
-
Dr. Micah J Dickey, DO Pediatrician Physician
-
Dr. Alexander B. Meyer, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$865k
Owner & transaction history
J M Sharp Co · 21 yrs held
J M Sharp Co
since 2005
4 recorded transactions
Zoning & alternative use
CO · Santa Paula, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$145 / 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
$10,102
Tax year 2023
Assessed value
$865,437
Assessed 2024
Previous assessed
$848,468
+2.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$222,469
Assessed improvement
$642,968
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1967
Heating
NONE
Total area
5,984 SF
Lot
0.65 ac (28,314 SF)
Zoning code
CO
APN
105-0-064-105
UPID
US10-1010663
Jurisdiction
VENTURA
Zoning & alternative use
CO · Santa Paula, CAZoning CO · permitted uses
CO · Santa Paula, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Lot
0.65 ac
Current owner
From public records · entity-resolved
J M Sharp Co
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 4067, VENTURA, CA 93007-0067
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2005
$467,500
J M Sharp Co
Santa Paula Medical Center
Grant Deed
—
Jan 20, 2005
—
John B Shilton
Shilton,carol J
Quit Claim Deed
related
—
Jan 20, 2005
$700,000
J M Sharp Co
Santa Paula Medical Center
Grant Deed
—
Jan 20, 2005
$234,000
J M Sharp Co
Shilton,john B
Grant Deed
—
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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