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Coastal Ventura Owner-User Investment 2531 E Thompson Blvd 3,520 SF Retail Building Ventura, CA 93003 $1,000,000 ($284.09/SF) 7.81% Cap Rate
Investment Highlights
- Exceptional Owner-User Opportunity – Acquire a 22,651 SF corner parcel improved with a 7,646 SF freestanding office building in Downtown Indio.
- Strategic Downtown Position – Adjacent to College of the Desert, City Hall, government offices, and major daytime traffic generators.
- Downtown Indio Growth Corridor – Benefits from redevelopment activity, infrastructure upgrades, and ongoing public and private investment.
- Prominent Hard Corner Location – Signalized corner site with excellent visibility, strong frontage, convenient access, and 29 parking stalls.
- Functional Multi-Use Office Building – Well-maintained improvements suitable for professional, medical, legal, educational, and service users.
- Strong Demographic Fundamentals – Serves 159,085 residents within 5 miles with average household incomes of $97,262 supporting business demand.
Executive Summary
The Ovaness & Rostamian Group of Marcus & Millichap is pleased to present 2531 E. Thompson Boulevard, a rare owner user opportunity located along one of Ventura's most established commercial corridors. Positioned on East Thompson Boulevard, the property benefits from strong street frontage, excellent visibility, and consistent traffic exposure within a highly desirable coastal Ventura location.
Currently utilized as an automotive sales facility, the property occupies a unique infill parcel situated between two established commercial buildings. Its efficient layout and prominent frontage provide an ideal setting for businesses seeking visibility, accessibility, and direct exposure to one of Ventura's primary east-west thoroughfares. The surrounding area is comprised of established residential neighborhoods, neighborhood serving retail, and automotive related businesses that generate consistent consumer activity throughout the corridor. The property's central location provides convenient access for both customers and employees while benefiting from Ventura's strong demographics and limited availability of comparable commercial sites. For owner users, the offering presents an opportunity to secure a strategic location in a mature coastal market where opportunities to acquire well positioned commercial real estate remain limited. Whether continuing the existing automotive use or adapting the property for an alternative commercial application, subject to applicable approvals, the asset offers flexibility, visibility, and long term control of a highly desirable business location.
Overall, 2531 E. Thompson Boulevard represents a unique opportunity to acquire a functional and highly visible commercial property within one of Ventura's most established commercial corridors, supported by strong surrounding demand drivers and the long term benefits of ownership in a supply constrained coastal market.
Currently utilized as an automotive sales facility, the property occupies a unique infill parcel situated between two established commercial buildings. Its efficient layout and prominent frontage provide an ideal setting for businesses seeking visibility, accessibility, and direct exposure to one of Ventura's primary east-west thoroughfares. The surrounding area is comprised of established residential neighborhoods, neighborhood serving retail, and automotive related businesses that generate consistent consumer activity throughout the corridor. The property's central location provides convenient access for both customers and employees while benefiting from Ventura's strong demographics and limited availability of comparable commercial sites. For owner users, the offering presents an opportunity to secure a strategic location in a mature coastal market where opportunities to acquire well positioned commercial real estate remain limited. Whether continuing the existing automotive use or adapting the property for an alternative commercial application, subject to applicable approvals, the asset offers flexibility, visibility, and long term control of a highly desirable business location.
Overall, 2531 E. Thompson Boulevard represents a unique opportunity to acquire a functional and highly visible commercial property within one of Ventura's most established commercial corridors, supported by strong surrounding demand drivers and the long term benefits of ownership in a supply constrained coastal market.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,144
|
$22.20
|
| Other Income |
$20,284
|
$5.76
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$98,428
|
$27.96
|
| Taxes |
$10,844
|
$3.08
|
| Operating Expenses |
$9,400
|
$2.67
|
| Total Expenses |
$20,244
|
$5.75
|
| Net Operating Income |
$78,184
|
$22.21
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $78,144 |
| Annual Per SF | $22.20 |
| Other Income | |
|---|---|
| Annual | $20,284 |
| Annual Per SF | $5.76 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $98,428 |
| Annual Per SF | $27.96 |
| Taxes | |
|---|---|
| Annual | $10,844 |
| Annual Per SF | $3.08 |
| Operating Expenses | |
|---|---|
| Annual | $9,400 |
| Annual Per SF | $2.67 |
| Total Expenses | |
|---|---|
| Annual | $20,244 |
| Annual Per SF | $5.75 |
| Net Operating Income | |
|---|---|
| Annual | $78,184 |
| Annual Per SF | $22.21 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,520 SF
Building Class
C
Year Built
1975
Price
$1,000,000
Price Per SF
$284.09
Cap Rate
7.81%
NOI
$78,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.67
Lot Size
0.12 AC
Zoning
T4.5
Parking
22 Spaces (5.22 Spaces per 1,000 SF Leased)
Frontage
184’ on E Thompson Blvd
Amenities
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Ventura Cars
- Retailer
- 3,520 SF
- $5.12
- Modified Gross
- Jun 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Ventura Cars | Retailer | 3,520 SF | $5.12 | Modified Gross | Jun 2027 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $731,648 (2025) | |
| Land Assessment | $308,919 (2025) | Annual Taxes | $10,844 ($3.08/SF) |
| Improvements Assessment | $422,729 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$308,919 (2025)
Improvements Assessment
$422,729 (2025)
Total Assessment
$731,648 (2025)
Annual Taxes
$10,844 ($3.08/SF)
Tax Year
2026 Payable 2026
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