Warehouse with Fenced Secured
For Sale
Contact for pricing
1115-1131 Mercantile St, Oxnard, CA 93030
Warehouse property zoned M2 with a fenced and secured yard for storage and industrial uses.
Property Size39,000 SF
Price / SF$198
Days on Market173
Property Features for 1115-1131 Mercantile St
General Information
Standard status
Active
Size
39,000 SF
Property subtype
INDUSTRIAL
Zoning
M2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
CBRE, Inc
(805) 288-4700
Listed By:
Jim Meaney · License #01360121
(805) 377-5020
Source:
Moodyscre
Added: Mar 26
Changed: Sep 3
Last Checked: Sep 14 at 10:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc
Investment Insights
Based on property information with market context.
Warehouse property zoned M2, offered with a fenced and secured yard to support storage and light industrial operations. The site is described as fenced and secured, which can help define outdoor work or inventory areas.
Located in central Oxnard, the property’s address is 1115-1131 Mercantile St, Oxnard, CA 93030. This configuration is commonly suited to tenants that need enclosed warehouse space complemented by controlled outdoor staging or storage.
The property totals 39,000 square feet and is presented for sale with its yard perimeter and industrial zoning designation as key site features.
Located in central Oxnard, the property’s address is 1115-1131 Mercantile St, Oxnard, CA 93030. This configuration is commonly suited to tenants that need enclosed warehouse space complemented by controlled outdoor staging or storage.
The property totals 39,000 square feet and is presented for sale with its yard perimeter and industrial zoning designation as key site features.
Key Highlights
- Warehouse property zoned M2
- Fenced and secured yard
- 39,000 SF warehouse property
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
$472,388
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
6.12%
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%
$9,447,760
$9.4M
Cap Rate 7%
$6,748,400
$6.7M
Cap Rate 9%
$5,248,756
$5.2M
Market Conditions
NOI Build-Up for 39,000 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
$585.0K $15.00/SF
− Vacancy
−$29.3K −$0.75/SF
EGI
$555.8K $14.25/SF
− OpEx
−$83.4K −$2.14/SF
NOI
$472.4K $12.11/SF
Area
Oxnard, CA
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$9,447,760
Cap Rate 7%
$6,748,400
Cap Rate 9%
$5,248,756
Alternative Uses
Best Use
Warehouse
$6.75M
$5.90M – $7.87M
NOI $472,388 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.73M
$11.14M – $14.85M
NOI $890,978 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93030, CA
59,011
Population
15,966
Households
3.7
Avg Household Size
33
Median Age
19%
College-Educated
70%
High-School Grad
14.1 sq mi
ZIP Area
4,185
Density / Sq Mi
$90,067
Median Household Income
$36,217
Median Earnings
$1,853
Median Rent
$639,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property zoned M2 with a fenced and secured yard for storage and industrial uses.
Where is this warehouse located?
The property is located at 1115-1131 Mercantile St Oxnard, CA.
What is the asking price?
The asking price for this property is $7,722,000.
What are key features of this property?
This property features: Warehouse property zoned M2; Fenced and secured yard; 39,000 SF warehouse property
