Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    334 Ojai Ave Ojai, CA 93023-4615

    Property Lookup

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

    334 Ojai Ave Ojai, CA 93023-4615

    View on Map
    • Strip malls
    • 1,939 SF
    • 0.05 lot acres
    Off-Market
    Property ID
    US10-1474529
    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

    • Carly Home / Home Decor Store / Department Store
    • SANDERS & SONS GELATO / Grocery & Convenience Store / Specialty Food Shop
    • Tres Hermanas Ojai / Restaurant

    Property Details for 334 Ojai Ave

    Year built
    1954
    Lot size
    0.05 lot acres
    Property size
    1,939 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    021-0-140-140
    APU
    210140140

    Description

    This exceptional retail space in the heart of historic Downtown Ojai presents a unique opportunity for a discerning business. Located at 334 East Ojai Avenue, this property boasts prime visibility and foot traffic within Ojai Village, a vibrant hub of activity. The available unit, designated as Unit C, offers a flexible layout totaling 768 square feet, encompassing a 409-square-foot storefront and a charming 326-square-foot patio area, perfect for outdoor seating or display. An additional 33 square feet of common area is included. The space is ideal for a variety of uses, such as a food and wine bar, art gallery, or boutique retail establishment. Recent improvements enhance the property's appeal, including a new floor drain, a fully compliant ADA-accessible bathroom, and three-compartment sinks, ensuring modern functionality and accessibility. The building's location offers unparalleled convenience, with proximity to numerous restaurants, the Ojai Arcade, a theater, art galleries, shops, and the picturesque Libby Park and Bowl. This is an exceptional opportunity to establish a thriving business in one of Southern California's most desirable and charming towns. Minimum leasable space is 995 square feet, though the described unit is smaller. Ventura County location.

    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
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.244
    Latitude
    34.4481
    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
    $12,082
    $120,771
    $800,361
    $921,132
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $885,000
      7,818 SF

      215 Matilija St

      SHOPPING CENTER, STRIP CENTER • 7,818 SF
      215 Matilija St, Ojai, CA 93023-4612
      View Details
    • Value Estimation
      $665,000
      5,814 SF

      314 Ojai Ave

      SHOPPING CENTER, STRIP CENTER • 5,814 SF
      314 Ojai Ave, Ojai, CA 93023-2739
      View Details
    • Value Estimation
      $1,355,000
      11,211 SF

      236 Ojai Ave

      SHOPPING CENTER, STRIP CENTER • 11,211 SF
      236 Ojai Ave, Ojai, CA 93023-3215
      View Details
    • Value Estimation
      $1,625,000
      9,010 SF

      108 Signal St

      SHOPPING CENTER, STRIP CENTER • 9,010 SF
      108 Signal St, Ojai, CA 93023-2641
      View Details
    • Value Estimation by Request
      3,465 SF

      136 El Roblar Dr

      SHOPPING CENTER, STRIP CENTER • 3,465 SF
      136 El Roblar Dr, Ojai, CA 93023-2209
      View Details
    • Value Estimation by Request
      3,201 SF

      109 Blanche St

      SHOPPING CENTER, STRIP CENTER • 3,201 SF
      109 Blanche St, Ojai, CA 93023-2465
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ojai Avenue Commercial Opportunity

      Commercial property with frontage on Ojai's main road.
      996 Ojai Ave, Ojai, CA 93023
      View Details
    • $2,250,000

      Ojai Mixed-Use Investment Opportunity

      Duplex in downtown Ojai, ideal for live/work or income.
      211 N Signal St, Ojai, CA 93023
      View Details
    • Contact for pricing

      Profitable Car Wash on Two Lots

      Profitable car wash business with long-term development potential.
      109 Fox St, Ojai, CA 93023
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Shopping Center Space

      Retail spaces available in high-traffic shopping center near Ojai.
      11492 N Ventura Ave, Ojai, CA 93023
      View Details
    • Contact for pricing

      Retail Space Available in Ojai

      Retail space available, approximately 687 square feet in Ojai.
      423 E Ojai Ave, Ojai, CA 93023
      View Details
    • Contact for pricing

      Ojai Office Space Available

      Office space available for rent in Ojai, California.
      603 W Ojai Ave, Ojai, CA 93023
      View Details
    • Contact for pricing

      Ojai Office and Industrial Suites

      Office and industrial suites for lease in Ojai, California.
      201 Bryant St, Ojai, CA 93023
      View Details
    • Contact for pricing

      Ojai Restaurant Opportunity

      Second generation restaurant space with type 41 license available.
      967 E Ojai Ave, Ojai, CA 93023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    334 Ojai Ave
    Ojai, CA 93023-4615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!