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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Office buildings
402 Ojai Ave Ojai, CA 93023-2406
Entity Owned
17-yr Hold
Free & Clear
Property ID
US10-1451413
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
8,371 SF
Lot
0.58 ac (25,264 SF)
Zoning code
BP
APN
020-0-181-160
UPID
US10-1451413
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
Current use
Occupant on record · Public records
-
Van Mouwerik Susan PHD Physician Medical Clinic
-
Paul Achee - Bestefits Insurance Solutions Insurance Agency
-
Reed Brandt Ma Mfct Marriage Or Relationship Counselor
-
Global Village School High School
-
Opti-Gone Associates Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$2.45M
Owner & transaction history
Jone-starr Ojai LLC · 17 yrs held
Jone-starr Ojai LLC
since 2008
2 recorded transactions
Zoning & alternative use
BP · Ojai, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+26.4%
Neighborhood: shopping center
$3.5M
+9.7%
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 Ojai submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ojai 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%
$2,635,000
6.5%
$2,430,000
7%
$2,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,200,000
Current use
RESTAURANT
$4,045,000
Change: +26% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,510,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$3,185,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,135,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±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
$293 / 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
$26,818
Tax year 2023
Assessed value
$2,099,011
Assessed 2024
Previous assessed
$2,057,854
+2.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$938,227
Assessed improvement
$1,160,784
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Total area
8,371 SF
Lot
0.58 ac (25,264 SF)
Zoning code
BP
APN
020-0-181-160
UPID
US10-1451413
Jurisdiction
VENTURA
Zoning & alternative use
BP · Ojai, CA
Zoning BP · permitted uses
BP · Ojai, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ojai. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1981
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
Jone-starr Ojai LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2600 FAIRVIEW AVE E SLIP #5, SEATTLE, WA 98102-3241
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2008
—
Jone-starr Ojai LLC
Jones A E & S M Trust
Quit Claim Deed
—
Apr 11, 1990
$910,000
Sale Guaranty Co
Ventura Value As
Trustees Deed
related
—
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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