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    361 S B St Oxnard, CA 93030
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    361 S B St, Oxnard, CA 93030

    View on Map
    • Strip malls
    • 7,000 SF
    • 0.16 lot acres
    For Sale
    $1,600,000
    View Listing →
    Retail For Sale
    $1,600,000
    7,000 SF

    Retail

    Retail space · 7,000 SF

    361 S B St, Oxnard, CA 93030
    View Listing
    Property ID
    US10-1474329
    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

    • Irene's Beauty Salon / Hair Salon / Nail Salon

    Property Details for 361 S B St

    Year built
    1952
    Lot size
    0.16 lot acres
    Zone code
    CBD
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    202-0-092-070
    APU
    2020092070

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2022 — Katherine Nishimori Katherine Nishimori Intrafamily Transfer · related —
    Jun 29, 2018 — Cooluris,mary Trust Cooluris,mary E Quit Claim Deed · related —
    May 3, 2018 — Sandra E Rose Marsis Properties LLC Quit Claim Deed —
    Aug 5, 2014 — Marsis Properties LLC Marsis Family Trust Quit Claim Deed —
    Jul 25, 2012 — Kaplan 1991 Family Trust Kaplan 1991 Family Trust Quit Claim Deed · related —
    Jun 29, 2012 — Kaplan 1991 Family Trust Kaplan,william Affidavit Of Death · related —

    Description

    This exceptional 7,000 square foot retail storefront, located at 361 South B Street in Oxnard, California (93030), presents a lucrative investment opportunity. The fully-leased property boasts six units currently occupied by five tenants, generating a projected 5.17% capitalization rate. Situated in the vibrant heart of Downtown Oxnard, this prime location offers unparalleled convenience and high visibility. The property is ideally positioned adjacent to a municipal parking structure and within easy walking distance of City Hall, Centennial Plaza (featuring a 14-screen movie theater and diverse restaurants), the Oxnard Transportation Center, and the post office. Numerous other restaurants, shops, and services further enhance the property's desirability and tenant appeal. The building and lot both encompass 7,000 square feet, with a zoning designation of DT-C. The Ventura County Assessor's Parcel Number (APN) is 202-0-092-070. This multi-tenant retail asset offers a compelling blend of strong cash flow, prime location, and significant growth potential, making it an ideal addition to any investment portfolio. The asking price is $1,750,000, translating to $250 per square foot.

    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
    Oxnard
    County
    Ventura
    State
    California
    Longitude
    -119.18
    Latitude
    34.1992
    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
    $11,565
    $189,146
    $573,148
    $762,294
    -
    $0.00
    $0.00
    $0.00

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      110 Magnolia Ave

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    • Value Estimation by Request
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    Similar Nearby for Sale

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    • $1,925,000
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    Similar Nearby for Lease

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      Retail Space at Ventura Road

      Retail space available in high-traffic, grocery-anchored shopping center.
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      View Details
    • $1.65 SF/Yr
      2,400 SF

      Retail Center Near Oxnard Airport

      Retail center near Oxnard Airport with major tenants.
      411-481 S Ventura Rd, Oxnard, CA 93030
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      Retail Spaces and Ground Lease

      Retail spaces and ground lease opportunities in Oxnard, California.
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      Downtown Oxnard Commercial Unit

      Commercial unit in Oxnard's Central Business District.
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      Retail Space Available for Lease

      Retail property available for lease, offering 20,173 square feet.
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      Oxnard Commercial Space For Lease

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    View Listing
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    Oxnard, CA 93030
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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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    361 S B St, Oxnard, CA, 93030
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