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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Strip malls
603 Main St Santa Paula, CA 93060-4748
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1450383
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1946
Total area
6,785 SF
Lot
0.63 ac (27,442 SF)
Zoning code
C2
APN
103-0-082-225
UPID
US10-1450383
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
-
Encore Dance Studio Training Center
-
LibertyX Bitcoin ATM Atm
-
Encore Dance Studio LLC Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Robert William Co LLC · 5 yrs held
Robert William Co LLC
since 2020
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
C2 · Santa Paula, 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 Santa Paula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Paula 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
$1,010,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $750k (Oct 19 2020)
Last sale anchor
$750k
Oct 19 2020
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
$142 / 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
$9,290
Tax year 2023
Assessed value
$795,906
Assessed 2024
Previous assessed
$780,300
+2.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$477,544
Assessed improvement
$318,362
Applied tax rate
4.0000
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
1946
Heating
NONE
Total area
6,785 SF
Lot
0.63 ac (27,442 SF)
Zoning code
C2
APN
103-0-082-225
UPID
US10-1450383
Jurisdiction
VENTURA
Zoning & alternative use
C2 · Santa Paula, CA
Zoning C2 · permitted uses
C2 · Santa Paula, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Paula. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Lot
0.63 ac
Current owner
From public records · entity-resolved
Robert William Co LLC
Entity
Mailing address
PO BOX 1025, SANTA PAULA, CA 93061-1025
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2020
$750,000
Robert William Co LLC
Karneke S C & J E 2011 Trust
Grant Deed
$600,000 · Karneke S C & J E 2011 Tr (rt)
Nov 12, 2019
—
C,s & Karneke J 2011 Trust
Jessica E Karneke
Affidavit Of Death
related
—
Jan 25, 2011
—
Karneke,s C & J E 2011 Trust
Sidney C Karneke
Quit Claim Deed
related
—
Jan 24, 1995
$275,000
Sidney C Karneke
Ellrott,fred H & Mildred G
Grant Deed
$220,000 · Goleta National Bank
—
—
Sidney C Karneke
—
Deed Of Trust
related
$216,800 · Santa Clara Valley Bank
—
—
Ellrott Fred H
—
Deed Of Trust
related
$732,000 · Ventura County National Bank
—
—
Fred H Ellrott
—
Deed Of Trust
related
$82,540 · Lougee Michael E
—
—
Ellrott Fred H
—
Deed Of Trust
related
$250,000 · Los Robles National 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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