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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    582 Ventura St Fillmore, CA 93015-1923

    • Super regional malls
    • 25,390 SF
    • 3.32 lot acres
    OFF-MARKET
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0983978
    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

    • CItrus grove / Housing Development
    • Edward Jones - Financial Advisor: Kyle G Wilson, ABFP™|AAMS™ / Financial Consultant / Finance Broker

    Property Details for 582 Ventura St

    Year built
    1996
    Lot size
    3.32 lot acres
    Property size
    25,390 SF
    Zone code
    A1
    Property type
    Super regional malls
    APN
    053-0-120-030
    APU
    530120030

    Description

    Balden Towne Center, located at 582 W Ventura St, Fillmore, CA 93015, offers exceptional retail opportunities in a vibrant community. This single-story, 99,313 square foot center, built in 1996, features five suites with 10,049 square feet currently vacant. Spaces range from a minimum of 990 square feet to a maximum contiguous space of 3,600 square feet, ideal for a variety of uses including traditional retail, light medical, or office. The property boasts ample parking (4 spaces per 1,000 square feet) and is conveniently situated on Ventura Street (State Route 126), providing excellent visibility and access. Its prime location offers easy access to Interstate 5 via Valencia, CA. The center is anchored by a Vons and a Rite Aid, ensuring high foot traffic and a strong established customer base. Zoned A1, this well-maintained property benefits from its location in the heart of Fillmore. A significant development is planned nearby – hundreds of new apartments are in the final stages of preparation for groundbreaking, promising increased residential density and potential customer growth. The property sits on 8.71 acres of land in Ventura County. Rental rates are competitive.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,280,000
      Market price range: $927k - $2.69M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fillmore
    County
    Ventura
    State
    California
    Longitude
    -118.916
    Latitude
    34.3951
    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
    $50,722
    $1,214,714
    $3,229,956
    $4,444,670
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      2.44 Acres

      640 Ventura St

      REGIONAL SHOPPING CENTER, MALL • 2.44 Acres
      640 Ventura St, Fillmore, CA 93015-1925
      View Details
    • Value Estimation by Request
      3.07 Acres

      Ventura St St

      REGIONAL SHOPPING CENTER, MALL • 3.07 Acres
      Ventura St St, Fillmore, CA 93015
      View Details
    • Value Estimation
      $375,000
      2,325 SF

      323 Central Ave

      SHOPPING CENTER, STRIP CENTER • 2,325 SF
      323 Central Ave, Fillmore, CA 93015-1920
      View Details
    • Value Estimation
      $310,000
      3,280 SF

      1145 Ventura St

      SHOPPING CENTER, STRIP CENTER • 3,280 SF
      1145 Ventura St, Fillmore, CA 93015-1641
      View Details
    • Value Estimation
      $700,000
      21,012 SF

      725 Ventura St

      SHOPPING CENTER, STRIP CENTER • 21,012 SF
      725 Ventura St, Fillmore, CA 93015-1834
      View Details
    • Value Estimation
      $285,000
      6,000 SF

      354 Central Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      354 Central Ave, Fillmore, CA 93015-1921
      View Details

    Similar Nearby for Sale

    • $650,000

      Downtown Fillmore Live-Work Property

      Storefront with mezzanine, live-work space in high-traffic area.
      340 Central Ave, Fillmore, CA 93015
      View Details
    • $275,000
      900 SF

      751-A Ventura St

      Restaurant
      751-A Ventura St, Fillmore, CA 93015
      View Details
    • New
      $1,225,000

      Rare Mixed-Use Property Opportunity

      Unique property with home and commercial zoning on Highway 126.
      3851 Pacific Ave, Fillmore, CA 93015
      View Details
    • $14,650,000
      24.02 Acres

      Fillmore Industrial Land - 24 Acres

      Prime Fillmore land, ideal for commercial/industrial development.
      0 Of Riv St And St, Fillmore, CA 93015
      View Details
    • Contact for pricing
      195,642 SF

      Fillmore Commerce Center: Building 2

      Class A Industrial Distribution Warehouse
      0 Of Hwy 126 & St, Fillmore, CA 93015
      View Details
    • $775,000
      4,072 SF

      Fillmore Mixed-Use Commercial Property

      Downtown Fillmore, High-Potential Investment
      558 Santa Clara St, Fillmore, CA 93015
      View Details
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    Fillmore, CA 93015-1923
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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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