582 Ventura StFillmore, CA 93015

Property Details for 582 Ventura St

Year built

1996

Lot size

3.32 AC

Property size (Sq ft)

25,390 SF

Zone code

A1

Property type

Super regional malls

APN

053-0-120-030

APU

530120030

Description

Balden Towne Center, located at 582 W Ventura St, Fillmore, CA 93015, offers exceptional retail opportunities in a vibrant community. This single-story, 99,313 square foot center, built in 1996, features five suites with 10,049 square feet currently vacant. Spaces range from a minimum of 990 square feet to a maximum contiguous space of 3,600 square feet, ideal for a variety of uses including traditional retail, light medical, or office. The property boasts ample parking (4 spaces per 1,000 square feet) and is conveniently situated on Ventura Street (State Route 126), providing excellent visibility and access. Its prime location offers easy access to Interstate 5 via Valencia, CA. The center is anchored by a Vons and a Rite Aid, ensuring high foot traffic and a strong established customer base. Zoned A1, this well-maintained property benefits from its location in the heart of Fillmore. A significant development is planned nearby – hundreds of new apartments are in the final stages of preparation for groundbreaking, promising increased residential density and potential customer growth. The property sits on 8.71 acres of land in Ventura County. Rental rates are competitive.

• CAP approach

  CAP return

  Valuation

  6%

  $8,676,780

  6.5%

  $8,009,330

  7%

  $7,437,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,021,290

  Geo Method

  $5,021,290

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,578,600

  Mixed-Use / Specialty

  $7,997,090

  Hospitality / Lodging

  $5,888,450

  Office

  $7,966,580

  Institutional / Educational

  $8,319,580

  Residential Income

  $9,733,910

  Multifamily

  $11,583,900

  Automotive / Energy

  $7,131,070

  Parking / Income-Based Land

  $2,444,730

  Restaurant / Food Service

  $4,194,170

  Healthcare / Senior Housing

  $8,184,140

Location Insight

City

Fillmore

County

Ventura

State

California

Latitude

34.3951

Longitude

-118.916

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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