New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Office Spaces
4171 Market St 2 Ventura, CA 93003-8300
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US10-1458535
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Total area
11,301 SF
Lot
1.12 ac (48,845 SF)
Zoning code
MPD
APN
084-0-175-085
UPID
US10-1458535
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
by Request
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.70M
Owner & transaction history
Aareh Family Trust · 12 yrs held
Aareh Family Trust
since 2014
5 recorded transactions
Zoning & alternative use
MPD · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.4M
+13.3%
Medical building
$4.3M
+11.8%
Auto repair, garage
$4.2M
+10.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,555,000
6.5%
$3,285,000
7%
$3,050,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,845,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,360,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$4,300,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,235,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,010,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$3,285,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±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
$238 / 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
$17,163
Tax year 2023
Assessed value
$1,586,614
Assessed 2024
Previous assessed
$1,555,504
+2.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$634,645
Assessed improvement
$951,969
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Heating
NONE
Total area
11,301 SF
Lot
1.12 ac (48,845 SF)
Zoning code
MPD
APN
084-0-175-085
UPID
US10-1458535
Jurisdiction
VENTURA
Zoning & alternative use
MPD · Ventura, CA
Zoning MPD · permitted uses
MPD · Ventura, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventura. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1985
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Aareh Family Trust
Trust
Mailing address
2173 E GLENALDEN DR, GERMANTOWN, TN 38139-5452
Ownership since
2014
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
Sep 10, 2021
—
Visanji T Gala
—
Deed
related
$1,066,527 · Bank Of America NA
Apr 29, 2014
$2,050,500
Aareh Family Trust
Lwbh Holdings LLC
Grant Deed
$1,435,000 · Bank Of America
Aug 18, 2006
—
Lwbh Holdings LLC
Donald M Jensen
Grant Deed
$1,312,500 · Wells Fargo Bank NA
Feb 12, 1999
$192,500
Donald M Jensen
Small Commercial Properties
Grant Deed
$151,700 · Bank Of Commerce
Apr 2, 1997
$184,075
Wilmingron Trust Co Trustee
Donlon I Dev Corp
Trustees Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4171 Market St, Unit 2?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
