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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Industrial properties
2954 Seaborg Ave Ventura, CA 93003-7643
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0746537
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1982
Total area
10,541 SF
Lot
1.46 ac (63,598 SF)
Zoning code
MPD
APN
138-0-260-015
UPID
US10-0746537
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
$2.40M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.40M
Owner & transaction history
George E Barna · 2 yrs held
George E Barna
since 2024
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
MPD · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
D Commercial Planned Development Zone 24.244 MXD Mixed-Use Zone 24.248 Harbor Mixed-Use Zone (HMXD) 24.250 Zones Within Downtown Specific Plan 24.260 M-1 Limited Industrial Zone 24.262 M-2 General Industrial Zone 24.264 M-P-D Manufacturing Planned Development Zone 24.270 A Agricultural Zone 24.280 H Hospital Zone 24.290 P Parks Zone 24.295 CMXD Coastal Mixed…
Zone name
Manufacturing Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
654.03 ac
Source
Development Code PDF
Top alternative use upside
Auto repair, garage
$4.0M
+35.8%
Commercial (general)
$3.7M
+28.7%
Office building
$3.6M
+23.4%
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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$1,790,000
6.5%
$1,655,000
7%
$1,535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,905,000
Current use
AUTO REPAIR, GARAGE
$3,950,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,740,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$3,585,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Jul 24 2024)
Last sale anchor
$2.40M
Jul 24 2024
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
$228 / 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
$10,975
Tax year 2023
Assessed value
$1,014,707
Assessed 2024
Previous assessed
$1,014,707
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$395,398
Assessed improvement
$619,309
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1982
Heating
NONE
Total area
10,541 SF
Lot
1.46 ac (63,598 SF)
Zoning code
MPD
APN
138-0-260-015
UPID
US10-0746537
Jurisdiction
VENTURA
Zoning & alternative use
MPD · Ventura, CAZoning MPD · permitted uses
MPD · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
D Commercial Planned Development Zone 24.244 MXD Mixed-Use Zone 24.248 Harbor Mixed-Use Zone (HMXD) 24.250 Zones Within Downtown Specific Plan 24.260 M-1 Limited Industrial Zone 24.262 M-2 General Industrial Zone 24.264 M-P-D Manufacturing Planned Development Zone 24.270 A Agricultural Zone 24.280 H Hospital Zone 24.290 P Parks Zone 24.295 CMXD Coastal Mixed-Use Zone Division 3. Overlay Zone Regulations 24.300 General Provisions 24.305 Resid
Zone name
Manufacturing Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
654.03 ac
Source
Development Code PDF
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1982
Heating
NONE
Lot
1.46 ac
Current owner
From public records · entity-resolved
George E Barna
Individual
Mailing address
7446 TYLER CT, VENTURA, CA 93003-2590
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
$2,400,000
George E Barna
Amiron Holdings LLC
Grant Deed
$1,300,000 · First Citizens Bank & Trust Co
Apr 28, 2014
$822,500
Amiron Holdings LLC
Roberta May Chaban
Grant Deed
$493,272 · Union Bank NA
—
—
Richard J Chaban
—
Deed Of Trust
related
$307,000 · Wells Fargo Bank
—
—
Amiron Holdings LLC
—
Deed Of Trust
related
$256,000 · Cdc Small Busn Fin
—
—
Richard J Chaban
—
Deed Of Trust
related
$1,200,000 · First Bank
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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