Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,245,000
Office buildings
702 County Sq Dr Ventura, CA 93003-5404
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US10-1480137
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
19,183 SF
Lot
1.13 ac (49,222 SF)
Zoning code
PO
APN
083-0-211-050
UPID
US10-1480137
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
$5.57M
Comparable Approach
Comparable
$7.76M
Blend (final)
Blend
$6.25M
Owner & transaction history
Cabrillo Economic Dev Corp · 20 yrs held
Cabrillo Economic Dev Corp
since 2005
5 recorded transactions
Zoning & alternative use
PO · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+42.0%
Neighborhood: shopping center
$8.0M
+23.2%
Apartment house (5+ units)
$7.4M
+13.3%
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%
$6,035,000
6.5%
$5,570,000
7%
$5,175,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,530,000
Current use
RESTAURANT
$9,270,000
Change: +42% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,040,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,400,000
Change: +13% · Conversion: Easy
MEDICAL BUILDING
$7,295,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,185,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,810,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$5,580,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.25M
Range $5.62M – $6.87M · ±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
$326 / 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
$2,458
Tax year 2023
Assessed value
$4,507,696
Assessed 2024
Previous assessed
$4,507,696
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$1,741,722
Assessed improvement
$2,765,974
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Total area
19,183 SF
Lot
1.13 ac (49,222 SF)
Zoning code
PO
APN
083-0-211-050
UPID
US10-1480137
Jurisdiction
VENTURA
Zoning & alternative use
PO · Ventura, CA
Zoning PO · permitted uses
PO · 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
$6.5M
RESTAURANT
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$5.6M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Cabrillo Economic Dev Corp
Entity
Mailing address
702 COUNTY SQ DR, VENTURA, CA 93003-5404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Dec 12, 2017
—
Cabrillo Economic Dev Corp
—
Deed
related
$1,200,000 · Local Initiatives Support Corp
Nov 10, 2005
—
Cabrillo Economic Dev Corp
Caron Trust
Grant Deed
$2,600,000 · California Stwd Cmntys Dev Aut
Sep 29, 1998
—
Hertel Suzanne 1998 Tr
Hertel,
Quit Claim Deed
related
—
—
—
Cabrillo Economic Dev Corp
—
Deed Of Trust
related
$1,000,000 · Local Initiatives Support Corp
—
—
Cabrillo Economic Dev Corp
—
Loan Modification
related
$1,200,000 · Local Initiatives Support Corp
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 702 County Sq Dr?
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.
