Fully Leased Mixed-Use
For Sale
Contact for pricing
11953 Challenger Ct, Moorpark, CA 93021
Mixed-use property with two units, currently fully leased.
Property Size11,812 SF
Price / SF$306.31
Days on Market168
Property Features for 11953 Challenger Ct
General Information
Standard status
Active
Size
11,812 SF
Total Parking Spaces
22
Property subtype
Office, Industrial
Zoning
M1
Building Details
Year Built
1991
Tenancy
Multi
Listing Agency:
Lee & Associates - LA North - Calabasas
(818) 223-4397
Listed By:
Joe Jusko · License #CA 00875413
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 12 at 10:34AM
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 Lee & Associates - LA North - Calabasas
Investment Insights
Based on property information with market context.
This mixed-use property features two units, sized at 4,980 square feet and 6,832 square feet, totaling 11,812 square feet. The property is currently fully leased, generating a gross operating income (GOI) of $198,409.
Key Highlights
- Fully leased property providing immediate income.
- Current Gross Operating Income (GOI) of $198,409.
- Two units with substantial square footage: 4,980 sf and 6,832 sf.
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
$209,087
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
5.78%
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%
$4,181,740
$4.2M
Cap Rate 7%
$2,986,957
$3.0M
Cap Rate 9%
$2,323,189
$2.3M
Market Conditions
NOI Build-Up for 11,812 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
$311.8K $26.40/SF
− Vacancy
−$33.1K −$2.80/SF
EGI
$278.8K $23.60/SF
− OpEx
−$69.7K −$5.90/SF
NOI
$209.1K $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%
$4,181,740
Cap Rate 7%
$2,986,957
Cap Rate 9%
$2,323,189
Alternative Uses
Best Use
Office B
$2.99M
$2.61M – $3.48M
NOI $209,087 @ 7.0% cap · market cap 5.78%
Second Best
Mixed Use
$2.12M
$1.85M – $2.47M
NOI $148,300 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,851 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 93021, CA
38,103
Population
12,103
Households
3.1
Avg Household Size
39
Median Age
45%
College-Educated
91%
High-School Grad
47.8 sq mi
ZIP Area
797
Density / Sq Mi
$149,848
Median Household Income
$55,770
Median Earnings
$2,651
Median Rent
$862,600
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?
Mixed-use property - Mixed-use property with two units, currently fully leased.
Where is this mixed-use property located?
The property is located at 11953 Challenger Ct Moorpark, CA.
What is the asking price?
The asking price for this property is $3,618,180.
What are key features of this property?
This property features: Fully leased property providing immediate income.; Current Gross Operating Income (GOI) of $198,409.; Two units with substantial square footage: 4,980 sf and 6,832 sf.
