Freestanding Flex and Industrial
For Sale
Contact for pricing
11953 Challenger Ct, Moorpark, CA 93021
Freestanding flex/industrial asset designed for a multi-tenant configuration within a master planned business park.
Property Size11,812 SF
Price / SF$306.31
Days on Market167
Property Features for 11953 Challenger Ct
General Information
Standard status
Active
Size
11,812 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Lee & Associates
(818) 223-4397
Listed By:
Joseph Jusko
(818) 223-4397
Source:
Moodyscre
Added: Mar 2
Changed: Jul 25
Last Checked: Jul 25 at 4:45AM
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
Investment Insights
Based on property information with market context.
This freestanding flex and industrial building is offered as a multi-tenant configuration within a master planned business park. The property is positioned as an investment opportunity with a structure designed to support multiple tenants under one ownership.
Convenient access is provided via nearby 118/23/101 freeway routes. The property is located at 11953 Challenger Ct in Moorpark, CA 93021.
Convenient access is provided via nearby 118/23/101 freeway routes. The property is located at 11953 Challenger Ct in Moorpark, CA 93021.
Key Highlights
- Freestanding flex/industrial asset designed for multi‑tenant configuration within a master planned business park
- Master planned business park setting
- Convenient access to the 118/23/101 freeway routes
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
$120,398
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
3.33%
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%
$2,407,960
$2.4M
Cap Rate 7%
$1,719,971
$1.7M
Cap Rate 9%
$1,337,756
$1.3M
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
$181.4K $15.36/SF
− Vacancy
−$9.4K −$0.80/SF
EGI
$172.0K $14.56/SF
− OpEx
−$51.6K −$4.37/SF
NOI
$120.4K $10.19/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
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%
$2,407,960
Cap Rate 7%
$1,719,971
Cap Rate 9%
$1,337,756
Alternative Uses
Best Use
Industrial
$1.72M
$1.50M – $2.01M
NOI $120,398 @ 7.0% cap · market cap 3.33%
Second Best
Flex RnD
$1.63M
$1.42M – $1.90M
NOI $113,861 @ 7.0% cap · market cap 3.15%
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
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Command Performance Catering — 5273 N Commerce Ave #6, Moorpark, CA 93021
- Special Orders - Disgustingly Delicious - Moorpark Bakery — 252 w los angeles ave, moorpark, ca 93021
- Brick and Brass — 5273 N Commerce Ave Unit 10, Moorpark, CA 93021
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex/industrial asset designed for a multi-tenant configuration within a master planned business park.
Where is this flex space 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: Freestanding flex/industrial asset designed for multi‑tenant configuration within a master planned business park; Master planned business park setting; Convenient access to the 118/23/101 freeway routes
