Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    702 County Sq Dr Ventura, CA 93003-5404

    • Office buildings
    • 19,183 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $6,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1480137
    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

    • Office buildings

    Property Details for 702 County Sq Dr

    Year built
    1980
    Lot size
    1.13 lot acres
    Property size
    19,183 SF
    Zone code
    PO
    Property type
    Office buildings
    APN
    083-0-211-050
    APU
    830211050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,035,000
      6.5%
      $5,570,000
      7%
      $5,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,756,000
      Market price range: $4.92M - $9.45M
      AI Estimate
      $5,408,000
      Market price range: $1.53M - $7.21M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.215
    Latitude
    34.269
    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
    $2,458
    $1,741,722
    $2,765,974
    $4,507,696
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $525,000
      2,124 SF

      6566 Beene Rd

      OFFICE BUILDING • 2,124 SF
      6566 Beene Rd, Ventura, CA 93003-7202
      View Details
    • Value Estimation
      $6,385,000
      22,491 SF

      1300 Eastman Ave

      OFFICE BUILDING • 22,491 SF
      1300 Eastman Ave, Ventura, CA 93003-8004
      View Details
    • Value Estimation
      $5,250,000
      18,144 SF

      1732 Palma Dr

      OFFICE BUILDING • 18,144 SF
      1732 Palma Dr, Ventura, CA 93003-5796
      View Details
    • Value Estimation
      $3,465,000
      12,682 SF

      5675 Ralston St

      OFFICE BUILDING • 12,682 SF
      5675 Ralston St, Ventura, CA 93003-6005
      View Details
    • Value Estimation by Request
      1.12 Acres

      3920 Main St

      OFFICE BUILDING • 1.12 Acres
      3920 Main St, Ventura, CA 93003-5241
      View Details
    • Value Estimation by Request
      1,326 SF

      129 Joanne Ave

      OFFICE BUILDING • 1,326 SF
      129 Joanne Ave, Ventura, CA 93003-2929
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      113,346 SF

      Professional Office Campus For Sale

      Office campus with significant renovations, ample parking, and security.
      5700 Ralston St, Ventura, CA 93003
      View Details
    • $3,650,000

      Medical/Office Building in Ventura

      Two-story, 12,233 SF medical/office building near healthcare facilities.
      3200 Telegraph Rd, Ventura, CA 93003
      View Details
    • $1,700,000

      Retail and Office Building For Sale

      Retail building with office spaces and parking in Ventura.
      2424 E Main St, Ventura, CA 93003
      View Details
    • $495,000
      30,800 SF

      Ventura Industrial Condos For Sale

      Industrial condos with warehouse space, office buildout, and easy access.
      4848 Colt St, Ventura, CA 93003
      View Details
    • $225,000

      Professional Office Condo For Sale

      Office condo near Ventura County Courthouse with rental income.
      674 County Square Dr, Ventura, CA 93003
      View Details
    • Contact for pricing
      14,112 SF

      Ventura Office Building For Sale

      Class A Office, Prime Location, 14,112 SF
      250 Mills Rd, Ventura, CA 93003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,112 SF

      Mid-Century Class A Office Building

      Remodeled office building with freeway access and retail amenities.
      250 S Mills Rd, Ventura, CA 93003
      View Details
    • Contact for pricing
      4,057 SF

      Ventura Executive Office Suites

      Premium Ventura Office Space Available
      2734 Johnson Dr, Ventura, CA 93003
      View Details
    • $28 SF/Yr
      6,819 SF

      Telegraph Road Office Suites

      Ventura County medical & creative offices.
      5500 Telegraph Rd, Ventura, CA 93003
      View Details
    • $16 SF/Yr
      13,077 SF

      Ventura Executive Office Suites

      Prime Ventura office space, multiple suites available.
      2021 Sperry Ave, Ventura, CA 93003
      View Details
    • $21 SF/Yr
      64,134 SF

      Eastman Avenue Office Complex

      Ventura Office/Warehouse Space Available
      1923 Eastman Ave, Ventura, CA 93003
      View Details
    • $2 SF/Yr
      180,576 SF

      Ventura Office Park Investment

      Seven-building office campus, Ventura, CA
      6633 Telephone Rd, Ventura, CA 93003
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702 County Sq Dr
    Ventura, CA 93003-5404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.