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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: $5,615,000 (5.5% 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 resur¬faced 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
$7,742,748 CAD
Price Per SF
$1,633.49 CAD
Cap Rate
5.50%
NOI
$426,092 CAD
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
98’ on S Mills Rd

Amenities

  • Signage

Sustainability

Energy Star Certified
77
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

CorePower Yoga
Wells Fargo Bank
Red Robin
Sarku Japan
U.S. Bank
Starbucks
24 Hour Fitness
F45 Training
Club Pilates
StretchLab

Property Taxes

Property Taxes

Parcel Number
079-0-010-395
Land Assessment
$2,869,298 CAD
Improvements Assessment
$954,042 CAD
Total Assessment
$3,823,340 CAD
  • Listing ID: 39214007

  • Date on Market: 2026-01-26

  • Last Updated:

  • Address: 472 S Mills Rd, Ventura, CA 93003

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