Property profile

970 Petit Ave Ventura, CA 93004

OFF-MARKET
Medical Office Space
Property ID
US10-1485185
8,102 SF 1.01 ac lot Built 1977
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8100-square-foot medical office building is situated on a full acre lot in Ventura, California, and is offered for sale at $1,999,000. The single-story building boasts a striking roof design and features two large entryways for convenient access. Ample parking is available across the entire one-acre lot, catering to the needs of patients and staff. The interior is fully equipped for immediate medical use, including plumbing, multiple exam rooms, and other necessary medical facilities. Six private bathrooms are strategically located throughout the building, supplemented by a public restroom. An inviting atrium garden provides a pleasant outdoor space for tenants, and a sizable backyard adds to the property's appeal. Several suites include convenient sliding doors, enhancing accessibility. The building benefits from a 100-foot frontage on Petit Avenue. Its convenient location offers easy access to major roads and freeways, ensuring accessibility for patients and staff from Ventura and neighboring cities such as Oxnard, Camarillo, and Thousand Oaks. Proximity to popular grocery stores (Grocery Outlet, Smart & Final, Target, and Trader Joe's) and diverse restaurant options further enhances its desirability. Ventura's growing population and strong demand for healthcare services make this a truly unique investment opportunity for both owner-users and investors seeking a high-return property in a thriving market.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Total area 8,102 SF
Lot 1.01 ac (43,995 SF)
Zoning code PO
APN 087-0-151-290
UPID US10-1485185

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

970 Petit Ave Ventura, CA 93004-2215
Ventura metro Census 1401 OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.80M
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$1.56M

Owner & transaction history

since 2025
Last sale
$1.6M
3 recorded transactions
2025
$1.6M
2018
Price N/A
2017
$1.6M

Zoning & alternative use

PO · Ventura, CA
Zoning description

ne 24.212 R-1-B Single-Family Beach Zone 24.214 R-2 Two-Family Zone 24.216 R-2-B Two-Family Beach Zone 24.218 R-3 Multiple Family Zone 24.220 MHP Mobile Home Park Zone 24.222 R-P-D Residential Planned Development 24.230…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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