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    2889 Bunsen Ave Ventura, CA 93003
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    2889 Bunsen Ave, Ventura, CA 93003

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    • Industrial properties
    • 27,192 SF
    • 1.68 lot acres
    For Sale
    $634,735
    View Listing →
    Ventura Industrial Condo For Sale For Sale
    $634,735
    1,739 SF

    Ventura Industrial Condo For Sale

    Industrial condo available for sale, close to 101 Freeway.

    Palo Alto, CA
    View Listing
    Property ID
    US10-1469282
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2889 Bunsen Ave

    Year built
    1985
    Lot size
    1.68 lot acres
    Zone code
    M-P-D
    Property type
    Industrial properties
    APN
    138-0-242-115
    APU
    1380242115

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 14, 2026 $490,000 The Valdez Living Trust Vcc Property Owner LLC Grant Deed $155k · Mission Bank
    Dec 4, 2025 $385,000 The Fink Family Living Trust Vcc Property Owner LLC Grant Deed —
    Nov 26, 2025 $500,000 Jayme Lee Misfeldt Vcc Property Owner LLC Grant Deed —
    Oct 31, 2025 $1,750,000 Hartstone International Limited LLC Ventura Property Owner LLC Grant Deed —
    Oct 17, 2025 $610,000 The Valdez Living Trust 2024 Vcc Property Owner LLC Grant Deed $530k · Mission Bank
    Oct 2, 2025 $429,000 Merino Incorporated Vcc Property Owner LLC Grant Deed $305k · Jpmorgan Chase Bank NA
    Sep 12, 2025 $850,000 Ricardo Ayala Vcc Property Owner LLC Grant Deed —
    Aug 21, 2025 $450,000 Vsb Realty LLC Vcc Property Owner LLC Grant Deed —
    Aug 18, 2025 $610,000 Palliative Partners LLC Vcc Property Owner LLC Grant Deed $315k · Morgan Stanley Bank NA
    Jun 24, 2025 $1,385,500 Poulos Special 2021 Trust Vcc Property Owner LLC Grant Deed —
    Jun 24, 2025 $527,500 Winflame Investments LLC Vcc Property Owner LLC Grant Deed $448k · Harvest Small Business Finance LLC
    Jun 13, 2025 $414,000 Ricardo Ayala Vcc Property Owner LLC Grant Deed —
    Aug 18, 2023 $5,800,000 Vcc Property Owner LLC Triaxiom Holdings LLC Grant Deed $4M · Partners Capital Solutions Reit I L
    Aug 1, 2018 — Triaxiom Holdings LLC Sagady Survivors Trust Quit Claim Deed · related —
    Dec 27, 2016 — Stephen W Sagady Sagady,louise M Affidavit Of Death · related —
    Dec 6, 2016 — Stephen W Sagady Sagady,louise M Affidavit Of Death · related —
    Jan 29, 1988 — Sagady Trust Plaza Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.21
    Latitude
    34.2464
    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
    $42,144
    $1,600,000
    $4,200,000
    $5,800,000
    -
    $0.00
    $0.00
    $0.00

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      5103 Walker St

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      3222 Bunsen Ave

      INDUSTRIAL (GENERAL)
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      View Details
    • Value Estimation
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    Similar Nearby for Sale

    • Contact for pricing
      1,444 SF

      Ventura Industrial Condo For Sale

      Industrial condo available for sale, close to 101 Freeway.
      2889 Bunsen Ave, Ventura, CA 93003
      View Details
    • Contact for pricing
      117,987 SF

      Multi-Tenant Industrial Investment Opportunity

      Two-building industrial property with freeway frontage and diverse tenants.
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      Ventura Flex/Industrial Opportunity

      Two-building flex/industrial complex in Ventura, excellent freeway access.
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    • $3,000,000

      Ventura Industrial Facility on Acreage

      Freestanding industrial building on 1.05 acres in Ventura.
      2495 Palma Dr, Ventura, CA 93003
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    Similar Nearby for Lease

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      1,522 SF

      Industrial Space Available for Rent

      Multi-tenant industrial building with easy freeway access and immediate occupancy.
      2842 Sherwin Ave, Ventura, CA 93003
      View Details
    • Contact for pricing
      2,735 SF

      Industrial Property Fully Leased

      Industrial property in Ventura, CA, currently 100% leased.
      1501-1523 Palma Dr, Ventura, CA 93003
      View Details
    • Contact for pricing
      833 SF

      Industrial Property in Ventura, CA

      Fully leased industrial property in Ventura, California.
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    • Contact for pricing

      Ventura Industrial Space Available

      Industrial space available for rent in Ventura, California.
      2128 Knoll Dr, Ventura, CA 93003
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    View Listing
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    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.

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    2889 Bunsen Ave, Ventura, CA, 93003
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