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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Strip malls
941 Main St Santa Paula, CA 93060-2713
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-1481753
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1925
Total area
2,250 SF
Lot
0.08 ac (3,484 SF)
Zoning code
CBD
APN
103-0-112-125
UPID
US10-1481753
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
$705k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Mainly On Main LLC · 2 yrs held
Mainly On Main LLC
since 2023
Last sale
$625,000
7 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
Method
Estimation
Statistic approach
$660,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Current use
OFFICE BUILDING
$860,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$855,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $625k (Aug 31 2023)
Last sale anchor
$625k
Aug 31 2023
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
$291 / 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
$3,811
Tax year 2023
Assessed value
$625,000
Assessed 2024
Previous assessed
$267,934
+133.3% YoY
Effective rate
0.61%
On assessed value
Assessed land
$115,000
Assessed improvement
$510,000
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
1925
Heating
NONE
Total area
2,250 SF
Lot
0.08 ac (3,484 SF)
Zoning code
CBD
APN
103-0-112-125
UPID
US10-1481753
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$945,000
OFFICE BUILDING
Est. value
$860,000
MEDICAL BUILDING
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1925
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mainly On Main LLC
Entity
Mailing address
941 E MAIN ST, SANTA PAULA, CA 93060-2713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$625,000
Mainly On Main LLC
Jonathon Michael Turner
Grant Deed
$325,000 · Calprivate Bank
Aug 31, 2023
—
Laurel Lea Creative LLC
Mainly On Main LLC
Lease
$262,000 · The Mortgage Capital Development Corp
Mar 5, 2021
—
Jonathon Michael Turner
Jonathon M Turner
Intrafamily Transfer
related
—
Feb 7, 2019
—
Jonathon M Turner
—
Deed
related
$625,000 · Montecito Bk&tr
Jan 24, 2017
—
Jonathon M Turner
—
Deed
related
$75,000 · Ojai Community Bank
Dec 30, 2016
—
Jonathon M Turner
South Mountain Building LLC
Grant Deed
$100,000 · Ojai Community Bank
Feb 11, 2005
—
South Mountain Building LLC
Turner,jonathon M
Quit Claim Deed
related
—
Aug 24, 2004
$200,000
Jonathon M Turner
Reish E H & D J 1979 Trust
Grant Deed
$140,000 · Ventura County Business Bank
Feb 12, 1999
$60,000
Reish Trust
Brucker,james F
Grant Deed
—
Apr 7, 1992
$49,000
James F Brucker
Coastal Dev Grou
Grant Deed
related
—
Feb 12, 1990
$78,000
Gold Coast Excha
Crank Steven K
Trustees Deed
related
$42,900 · Crank Steven K
—
—
James F Brucker
—
Deed Of Trust
related
$25,000 · Reish Trust
—
—
Reish Trust
—
Deed Of Trust
related
$30,385 · Santa Paula City (ca)
—
—
James F Brucker
—
Deed Of Trust
related
$25,000 · Reish Trust
—
—
James F Brucker
—
Deed Of Trust
related
$40,000 · Caldwell Trust
—
—
Jonathon M Turner
—
Deed Of Trust
related
$625,000 · Montecito Bk&tr
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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