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Property profile & analytics
FOR LEASE
Strip malls
421 N Ventura Ave, Ventura, CA 93001
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US10-1496563
No photos on file
For Lease
$1.65 SF/Yr
421 N Ventura Ave, Ventura, CA 93001
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1929
Total area
3,000 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2
APN
071-0-102-450
UPID
US10-1496563
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Julito R Paras · 14 yrs held
Julito R Paras
since 2012
7 recorded transactions
Zoning & alternative use
C-2 · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,764
Tax year 2023
Assessed value
$332,472
Assessed 2024
Previous assessed
$325,953
+2.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$123,136
Assessed improvement
$209,336
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1929
Heating
NONE
Total area
3,000 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2
APN
071-0-102-450
UPID
US10-1496563
Jurisdiction
VENTURA
Zoning & alternative use
C-2 · Ventura, CA
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
1929
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Julito R Paras
Individual
Mailing address
1555 W 5TH ST STE #150, OXNARD, CA 93030-6562
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
—
Kristofer V Nguyen
—
Deed
related
$110,000 · The Mackillie INC
Aug 24, 2017
—
Kristofer V Nguyen
—
Deed
related
$300,000 · First Bk
May 18, 2012
—
Julito R Paras
Paras,rosalina P
Affidavit Of Death
related
—
May 15, 2012
—
Nguyen Kristofer V Vu
Ristow-nguyen,jody
Quit Claim Deed
related
—
May 15, 2012
$190,000
Kristofer V Nguyen
Paras,julito R
Grant Deed
—
Nov 14, 2005
—
Julito R Paras
Paras,julito & Rosalina P
Quit Claim Deed
related
—
Mar 26, 1992
$190,000
Julito Paras
Garica,ricardo
Grant Deed
related
$110,000 · Seller
—
—
Julito R Paras
—
Deed Of Trust
related
$160,000 · Positano Premiere Props
—
—
Julito Paras
—
Deed Of Trust
related
$122,000 · Sentry Home Loans
—
—
Julito Paras
—
Deed Of Trust
related
$129,500 · Channel Islands Income Fund Fo
—
—
Kristofer V Nguyen
—
Deed Of Trust
related
$300,000 · First Bk
—
—
Julito R Paras
—
Deed Of Trust
related
$116,000 · Individual
—
—
Julito R Paras
—
Deed Of Trust
related
$116,000 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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