Adjoining Office Condo
For Sale
$525,000
202 Village Commons Boulevard, Camarillo, CA 93012
COMMERCIAL - Camarillo, CA
Property Size1,488 SF
Lot Size0.03 Acres
Price / SF$352.82
Days on Market44
Property Features for 202 Village Commons Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
VC45 - Cam - Mission Oaks
Standard status
Active
APN
2290370175
Size
1,488 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2908
Amenities
central air and heating
finished ceilings
drop ceilings
floor-to-ceiling glass wall
private bathrooms
wheelchair accessible
large display windows
Building Details
Year built
2014
Listing Agency:
Beverly and Company Inc.
(805) 870-8448
Listed By:
Troy Markas · License #01229007
(818) 645-6056
Added: Jul 15
Changed: Aug 14
Last Checked: Aug 27 at 11:06AM
MLS# 226003372
Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two adjoining commercial condo units are being offered together as one professional office space. The layout includes finished 8' ceilings, drop ceilings, central air and heating, and a floor-to-ceiling glass wall separating the two suites while keeping them connected as a single offering. Each suite has its own private street entrance and private bathroom. There is also a one-car garage for storage and breakroom use.
The property is positioned in a high-visibility location near the 101 freeway, in line with other retail and service businesses. Large display windows and a strong street presence support walk-by visibility, and the space is wheelchair accessible.
Designed for separate suite privacy within one combined office configuration, the units also include dedicated restroom facilities and independent street access for each side of the floor plan.
The property is positioned in a high-visibility location near the 101 freeway, in line with other retail and service businesses. Large display windows and a strong street presence support walk-by visibility, and the space is wheelchair accessible.
Designed for separate suite privacy within one combined office configuration, the units also include dedicated restroom facilities and independent street access for each side of the floor plan.
Key Highlights
- Two adjoining commercial condo units offered together as one professional office space totaling 1,488 sq ft
- Each unit includes its own private street entrance and private bathroom
- Floor‑to‑ceiling glass wall separates the two suites; finished 8' ceilings and drop ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,339
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,780
$526.8K
Cap Rate 7%
$376,271
$376.3K
Cap Rate 9%
$292,656
$292.7K
Market Conditions
NOI Build-Up for 1,488 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.3K $26.40/SF
− Vacancy
−$4.2K −$2.80/SF
EGI
$35.1K $23.60/SF
− OpEx
−$8.8K −$5.90/SF
NOI
$26.3K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$526,780
Cap Rate 7%
$376,271
Cap Rate 9%
$292,656
Alternative Uses
Best Use
Office B
$376.3K
$329.2K – $439.0K
NOI $26,339 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.8K
$447.0K – $596.0K
NOI $35,758 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 93012, CA
37,550
Population
14,399
Households
2.6
Avg Household Size
44
Median Age
49%
College-Educated
95%
High-School Grad
50.1 sq mi
ZIP Area
750
Density / Sq Mi
$122,110
Median Household Income
$63,221
Median Earnings
$2,790
Median Rent
$794,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two adjoining office condo units are offered together with private entrances, private restrooms, and central HVAC.
Where is this office units located?
The property is located at 202 Village Commons Boulevard Camarillo, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two adjoining commercial condo units offered together as one professional office space totaling 1,488 sq ft; Each unit includes its own private street entrance and private bathroom; Floor‑to‑ceiling glass wall separates the two suites; finished 8' ceilings and drop ceilings
