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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Strip malls
525 New Los Angeles Ave Moorpark, CA 93021-2067
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-1468985
Property summary
AI-generated overview
This exceptional retail investment opportunity presents 21,686 square feet of leasable space within the La Spring Shopping Center, situated on a 2.25-acre lot at 525-549 New Los Angeles Avenue in Moorpark, CA 93021. Built in 1995, the center offers multiple tenancies, with 1,604 square feet currently vacant and available for lease. Individual spaces range from 900 to 1,604 contiguous square feet, providing flexibility for various retail businesses. The property boasts ample parking, with a ratio of approximately 4 spaces per 1,000 square feet. Its convenient location in Moorpark, California offers excellent visibility and accessibility for customers. This is an ideal opportunity for investors seeking a well-established retail center with immediate income potential and the possibility of further development. The property's size and layout provide a strong foundation for long-term growth and profitability in a thriving market. The existing infrastructure and ample parking ensure a positive shopping experience for tenants and customers alike. This property presents a compelling investment opportunity in a desirable location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
21,686 SF
Lot
2.24 ac (97,574 SF)
APN
512-0-180-110
UPID
US10-1468985
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
-
Rachada Thai Cuisine Restaurant
-
La Michoacana Elite Grocery & Convenience Store Specialty Food Shop
-
PHO 100 Restaurant
-
J'S SMOKE SHOP (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.33M
Owner & transaction history
Allee Real Estates LP · 9 yrs held
Allee Real Estates LP
since 2017
7 recorded transactions
Zoning & alternative use
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 Moorpark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moorpark 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±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
$107 / 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
$97,195
Tax year 2023
Assessed value
$8,000,000
Assessed 2024
Previous assessed
$8,970,000
-10.8% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,860,000
Assessed improvement
$4,140,000
Applied tax rate
10.0000
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
Off-Market
Year built
2005
Heating
NONE
Total area
21,686 SF
Lot
2.24 ac (97,574 SF)
APN
512-0-180-110
UPID
US10-1468985
Jurisdiction
VENTURA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
2.24 ac
Current owner
From public records · entity-resolved
Allee Real Estates LP
Entity
Mailing address
179 S ORANGE GRV BLVD, PASADENA, CA 91105-1750
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2017
—
Allee Real Estates LP
Allee Real Estates LLC
Quit Claim Deed
related
—
Jan 16, 2015
$10,280,000
Allee Real Estates LLC
Baldwin Park Plaza LLC
Grant Deed
$6,250,000 · East West Bank
May 31, 2013
—
Baldwin Park Plaza LLC
—
Deed Of Trust
related
$1,450,000 · Wilshire State Bank
Dec 30, 2011
—
Baldwin Park Plaza LLC
La Spring Shopping Center
Grant Deed
—
Oct 19, 2011
$6,009,018
La Spring Shopping Center-1005
Assured Lender Services INC C
Trustees Deed
related
—
Nov 1, 2006
$9,100,000
Bryan & Janet INC
Maronda Property Group LLC
Grant Deed
$5,690,000 · Washington Mutual Bank
Jul 1, 2005
$7,750,000
Maronda Property Group LLC
L A Spring Shopping Center
Grant Deed
$5,250,000 · Commonwealth Business Bank
Oct 21, 2004
—
La Spring Shopping Center LLC
—
Trustees Deed
related
$3,950,000 · Preferred Bank
—
—
Baldwin Park Plaza LLC
—
Deed Of Trust
related
$2,665,000 · Wilshire State Bank
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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