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    Property profile & analytics

    3949 Main St Ventura, CA 93003-5223

    • Auto shops
    • 4,140 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2022
    $950,000
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0988208
    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.

    Current Use by Public Records

    • Auto shops

    Property Details for 3949 Main St

    Year built
    1977
    Lot size
    0.44 lot acres
    Property size
    4,140 SF
    Zone code
    C2
    Property type
    Auto shops
    APN
    079-0-210-465
    APU
    790210465

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,015,000
      ML approach
      $1,105,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,337,000
      Market price range: $655k - $2.38M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,550,000
      Current use
      MEDICAL BUILDING
      $1,575,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,470,000
      Change: -5% Conversion: Moderate
      OFFICE BUILDING
      $1,410,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.24
    Latitude
    34.264
    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
    $10,809
    $624,240
    $364,140
    $988,380
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,430,000
      22,722 SF

      6500 Auto Ctr Dr

      AUTO REPAIR, GARAGE • 22,722 SF
      6500 Auto Ctr Dr, Ventura, CA 93003-7211
      View Details
    • Value Estimation
      $605,000
      7,338 SF

      3059 Main St

      AUTO REPAIR, GARAGE • 7,338 SF
      3059 Main St, Ventura, CA 93003-4760
      View Details
    • Value Estimation
      $505,000
      3,492 SF

      2307 Thompson Blvd

      AUTO REPAIR, GARAGE • 3,492 SF
      2307 Thompson Blvd, Ventura, CA 93003-2701
      View Details
    • Value Estimation
      $1,000,000
      15,083 SF

      2920 Seaborg Ave

      AUTO REPAIR, GARAGE • 15,083 SF
      2920 Seaborg Ave, Ventura, CA 93003-7680
      View Details
    • Value Estimation by Request
      3,735 SF

      2549 Thompson Blvd

      AUTO REPAIR, GARAGE • 3,735 SF
      2549 Thompson Blvd, Ventura, CA 93003-2752
      View Details
    • Value Estimation by Request
      0.23 Acres

      2493 Thompson Blvd

      AUTO REPAIR, GARAGE • 0.23 Acres
      2493 Thompson Blvd, Ventura, CA 93003
      View Details

    Similar Nearby for Sale

    • $135,000

      Established Auto Body Repair Shop

      Well-established auto body repair shop, 30 years in business.
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      Retail Building with Office Spaces

      Retail building with office spaces in prime Ventura location.
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      Retail and Office Building For Sale

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      Established Business Opportunity For Sale

      Established business for sale with check cashing license.
      1418 E Main St E, Ventura, CA 93003
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    • $1,900,000

      Mid-Town Retail Units For Sale

      Four retail units in mid-town location with high visibility.
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      Prime Ventura location, 13,628 SF office space.
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    Similar Nearby for Lease

    • $4,500 /Mo

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      Remodeled industrial condo warehouse with showroom, office, and storage.
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      View Details
    • $17 SF/Yr
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      Ventura Retail Center Opportunity

      Prime Ventura retail space, multiple units available
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      View Details
    • $24 SF/Yr
      1,300 SF

      Downtown Creative Office Space

      1300 SF Single-Tenant Office, Ample Parking
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      View Details
    • $21 SF/Yr
      13,628 SF

      Ventura Executive Office Space

      Prime Ventura Office, 13,628 SF Available
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      View Details
    • $14 SF/Yr
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      Ventura Retail Strip Center Opportunity

      High-traffic Ventura retail space available.
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      View Details
    • Contact for pricing
      31,408 SF

      Ventura Gateway Retail Spaces Available

      High-profile Ventura retail spaces, 1,326-18,761 sq ft.
      0 Swc Telephone Rd & Portola Rd, Ventura, CA 93003
      View Details

    Property Visit Statistics

    • Visits by month
      442
    • Visitors by month
      553
    • Avg Time on site
      23 min
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    3949 Main St
    Ventura, CA 93003-5223
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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.

    More about this property
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