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Property profile & analytics
OFF-MARKET
Turn key restaurants
861 Main St Santa Paula, CA 93060-2737
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US10-1022701
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Total area
5,803 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
103-0-101-075
UPID
US10-1022701
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
-
Rabalais' Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lippertland LLC · 15 yrs held
Lippertland LLC
since 2010
6 recorded transactions
Zoning & alternative use
CBD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,045
Tax year 2023
Assessed value
$1,102,608
Assessed 2024
Previous assessed
$950,000
+16.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$213,523
Assessed improvement
$889,085
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Heating
NONE
Total area
5,803 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
103-0-101-075
UPID
US10-1022701
Jurisdiction
VENTURA
Zoning & alternative use
CBD · Santa Paula, CA
Zoning CBD · permitted uses
CBD · 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
1930
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lippertland LLC
Entity
Mailing address
861 E MAIN ST, SANTA PAULA, CA 93060-2737
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2010
$470,000
Lippertland LLC
Raymond L Padgett JR
Grant Deed
$380,000 · Santa Clara Valley Bank NA
Jan 12, 1999
$170,000
Raymond L Padgett
Foster,paul T
Grant Deed
$150,000 · First Western Bank
Apr 2, 1998
$17,000
Paul T Foster
Skaggs,michael K
Grant Deed
$50,000 · Kentuck Trust
Feb 1, 1996
$125,000
Paul T Foster
Faley,walter W & Mary E
Grant Deed
$100,000 · Channel Island National Bank
—
—
Walter W Faley
—
Deed Of Trust
related
$30,000 · Individual
—
—
Raymond Padgett
—
Deed Of Trust
related
$47,718 · Santa Paula City (ca)
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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