Medical Office Portfolio with NNN
For Sale
Contact for pricing
1200 W GONZALES RD, Oxnard, CA 93036
Two renovated ophthalmic medical suites are leased to a corporate healthcare platform under long-term, landlord-responsibility-free agreements.
Property Size4,435 SF
Price / SF$226.39
Days on Market8
Property Features for 1200 W GONZALES RD
General Information
Standard status
Active
Size
4,435 SF
Property subtype
Office
Additional Details
Office Units
5
Building Details
Year Renovated
2024
Tenancy
Single
Listing Agency:
ERE Healthcare Real Estate Advisors
Listed By:
Collin Hart · License #CA 02022679
Source:
Crexi
Added: Sep 3
Changed: Sep 9
Last Checked: Sep 9 at 3:24PM
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 ERE Healthcare Real Estate Advisors
Investment Insights
Based on property information with market context.
This two-property medical office portfolio totals 4,435 square feet across condominium units in Camarillo and Oxnard. The Camarillo property includes four contiguous units totaling 2,400 square feet and operates as an ophthalmic clinic and ambulatory surgery center. The Oxnard property consists of a 2,035-square-foot ophthalmic clinic with frontage on Gonzalez Road. Both suites were renovated in 2024 for the tenant’s specifications.
Unifeye Vision Partners leases both assets through UVP Management, LLC. Each lease provides more than 12.5 years of remaining term, 3% annual increases, and no landlord responsibilities. The Camarillo location is directly across from Dignity Health – St. John’s Hospital Camarillo, while the Oxnard suite fronts a major arterial thoroughfare. The properties are also within professionally managed condominium associations and may be acquired individually or together.
Unifeye Vision Partners leases both assets through UVP Management, LLC. Each lease provides more than 12.5 years of remaining term, 3% annual increases, and no landlord responsibilities. The Camarillo location is directly across from Dignity Health – St. John’s Hospital Camarillo, while the Oxnard suite fronts a major arterial thoroughfare. The properties are also within professionally managed condominium associations and may be acquired individually or together.
Key Highlights
- Two‑asset medical condominium portfolio totaling 4,435 square feet
- Camarillo asset includes 4 contiguous condominium units totaling 2,400 square feet
- Oxnard asset is a 2,035‑square‑foot ophthalmic clinic on Gonzalez Road
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
$78,696
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
7.84%
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%
$1,573,920
$1.6M
Cap Rate 7%
$1,124,229
$1.1M
Cap Rate 9%
$874,400
$874.4K
Market Conditions
NOI Build-Up for 4,435 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
$141.0K $31.80/SF
− Vacancy
−$9.9K −$2.23/SF
EGI
$131.2K $29.57/SF
− OpEx
−$52.5K −$11.83/SF
NOI
$78.7K $17.74/SF
Area
Oxnard, CA
Vacancy
7.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
40.00%
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%
$1,573,920
Cap Rate 7%
$1,124,229
Cap Rate 9%
$874,400
Alternative Uses
Best Use
Healthcare Medical
$1.12M
$983.7K – $1.31M
NOI $78,696 @ 7.0% cap · market cap 7.84%
Second Best
Office B
$1.10M
$961.5K – $1.28M
NOI $76,916 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,320 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93036, CA
48,656
Population
14,798
Households
3.3
Avg Household Size
34
Median Age
24%
College-Educated
75%
High-School Grad
17.8 sq mi
ZIP Area
2,733
Density / Sq Mi
$100,482
Median Household Income
$38,229
Median Earnings
$2,199
Median Rent
$648,800
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two renovated ophthalmic medical suites are leased to a corporate healthcare platform under long-term, landlord-responsibility-free agreements.
Where is this medical office space located?
The property is located at 1200 W GONZALES RD Oxnard, CA.
What is the asking price?
The asking price for this property is $1,004,048.
What are key features of this property?
This property features: Two‑asset medical condominium portfolio totaling 4,435 square feet; Camarillo asset includes 4 contiguous condominium units totaling 2,400 square feet; Oxnard asset is a 2,035‑square‑foot ophthalmic clinic on Gonzalez Road
