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Property profile & analytics
OFF-MARKET
Estimated value
$4,220,000
Industrial properties
2907 Palma Dr Ventura, CA 93003-7656
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-1484630
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
22,078 SF
Lot
1.05 ac (45,738 SF)
Zoning code
M2
APN
084-0-022-175
UPID
US10-1484630
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
$3.46M
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$4.22M
Owner & transaction history
2907 Partners LLC · 3 yrs held
2907 Partners LLC
since 2023
7 recorded transactions
Zoning & alternative use
M2 · Ventura, 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 Ventura submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventura 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%
$3,750,000
6.5%
$3,460,000
7%
$3,215,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,090,000
Current use
Blend value · Realmo final
$4.22M
Range $3.80M – $4.64M · ±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
$191 / 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
$30,821
Tax year 2023
Assessed value
$2,830,500
Assessed 2024
Previous assessed
$2,775,000
+2.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$795,600
Assessed improvement
$2,034,900
Applied tax rate
5.0000
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
1979
Heating
NONE
Rooms
2
Total area
22,078 SF
Lot
1.05 ac (45,738 SF)
Zoning code
M2
APN
084-0-022-175
UPID
US10-1484630
Jurisdiction
VENTURA
Zoning & alternative use
M2 · Ventura, CA
Zoning M2 · permitted uses
M2 · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventura. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.1M
INDUSTRIAL (GENERAL) Current
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
1979
Heating
NONE
Rooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
2907 Partners LLC
Entity
Mailing address
2907 PALMA DR, VENTURA, CA 93003-7656
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
—
2907 Partners LLC
—
Deed
related
$1,137,000 · Cdc Small Business Finance Corp
Feb 13, 2023
—
2907 Partners LLC
Coast Cart INC
Grant Deed
$1,387,500 · Jpmorgan Chase Bank NA
Nov 30, 2022
$2,775,000
Coast Cart INC
Palma Drive LLC
Grant Deed
$2,250,000 · Dml Capital Mortgage Fund LLC
Oct 17, 2006
—
Palma Drive LLC
Nadsady,kathleen I
Grant Deed
—
Feb 27, 2006
—
Beverly A Deal
Deal,beverly A
Quit Claim Deed
related
—
Oct 26, 1999
$1,034,000
Kathleen I Nadsady
Schulze News Co INC
Grant Deed
$775,500 · City National Bank
—
—
Palma Drive LLC
—
Deed Of Trust
related
$750,000 · Montecito Bank & Trust
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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