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472 S Mills Rd
Ventura, CA 93003
Retail Property For Sale
Executive Summary
Situated among the Pacific View Mall and the Lowe’s Shopping Center, this standalone retail building holds a commanding position at the intersection of Mills Road and Dean Drive, just a block from Main Street and Hwy 101 access. A complete remodel in 2025 provided a new roof, parking lot surface, new trash enclosure, as well as a beautiful interior buildout for current tenant CorePower Yoga, who occupies the entire property. This long-term corporate lease creates stability for a new owner. Two wood-floor studios are complemented by a men’s and women’s locker room with showers, and a reception/retail area plus private office and outdoor space.
Price: $6,595,000 (4.69% cap rate)
Building Size: 4,725 SF
Lot Size: 31,799 SF (.73 acre)
APN: 070-0-010-395
Tenant: 100% NNN-leased to CorePower Yoga
NOI: $309,000/year
Year Built: 1966; complete remodel in 2025, including new roof
Zoning: C-1A
Sprinklers: Yes
Parking: 27 spots in newly resurfaced lot, plus overflow lot
Restrooms: Two spacious locker rooms
with showers
HVAC: Yes, new
To Show: Call Listing Agent
Price: $6,595,000 (4.69% cap rate)
Building Size: 4,725 SF
Lot Size: 31,799 SF (.73 acre)
APN: 070-0-010-395
Tenant: 100% NNN-leased to CorePower Yoga
NOI: $309,000/year
Year Built: 1966; complete remodel in 2025, including new roof
Zoning: C-1A
Sprinklers: Yes
Parking: 27 spots in newly resurfaced lot, plus overflow lot
Restrooms: Two spacious locker rooms
with showers
HVAC: Yes, new
To Show: Call Listing Agent
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,740 SF
Building Class
C
Year Built
1966
Price
$6,595,000
Price Per SF
$1,391.35
Cap Rate
4.69%
NOI
$309,306
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.73 AC
Zoning
C-1A
Parking
26 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 079-0-010-395 | Improvements Assessment | $678,300 |
| Land Assessment | $2,040,000 | Total Assessment | $2,718,300 |
Property Taxes
Parcel Number
079-0-010-395
Land Assessment
$2,040,000
Improvements Assessment
$678,300
Total Assessment
$2,718,300
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