Industrial Condo with Upgraded
For Sale
$435,000
4082 Southbank Rd H, Oxnard, CA 93036
Industrial condo featuring upgraded amperage and permitted loft.
Property Size3,352 SF
Price / SF$145.88
Days on Market165
Property Features for 4082 Southbank Rd H
General Information
Standard status
Active
Size
3,352 SF
Property subtype
Commercial
Building Details
Building Size
3,352 SF
Year Built
1984
Listing Agency:
(805) 312-0554
Listed By:
Max Estes
(805) 312-0554
Source:
Elliman
Added: Mar 11
Changed: Aug 16
Last Checked: Aug 21 at 8:48AM
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 Max Estes
Investment Insights
Based on property information with market context.
This corner unit is located in a well-maintained industrial condominium complex. The property features upgraded electrical service to 600 AMPS. The ground floor spans 2612 square feet and includes two offices, two bathrooms, and a large work area or warehouse space. A 370-square-foot loft has been fully permitted with a load capacity of 250 PSF and includes a breakdown kitchen. The unit also has a roll-up door. The condominium association costs are low. Parking ratio may be based on the first floor area only.
Key Highlights
- Upgraded to 600 AMPS, suitable for heavy power usage.
- Large 2612 sf ground floor with versatile work area/warehouse.
- Corner unit in well cared for industrial condo.
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
$34,069
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
7.83%
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%
$681,380
$681.4K
Cap Rate 7%
$486,700
$486.7K
Cap Rate 9%
$378,544
$378.5K
Market Conditions
NOI Build-Up for 2,982 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
$55.5K $18.60/SF
− Vacancy
−$3.1K −$1.02/SF
EGI
$52.4K $17.58/SF
− OpEx
−$18.3K −$6.15/SF
NOI
$34.1K $11.43/SF
Area
Oxnard, CA
Vacancy
5.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
35.00%
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%
$681,380
Cap Rate 7%
$486,700
Cap Rate 9%
$378,544
Alternative Uses
Best Use
Flex RnD
$486.7K
$425.9K – $567.8K
NOI $34,069 @ 7.0% cap · market cap 7.83%
Second Best
Industrial
$461.3K
$403.7K – $538.2K
NOI $32,294 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$973.2K
$851.6K – $1.14M
NOI $68,126 @ 7.0% cap · market cap 15.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo featuring upgraded amperage and permitted loft.
Where is this flex space located?
The property is located at 4082 Southbank Rd H Oxnard, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Upgraded to 600 AMPS, suitable for heavy power usage.; Large 2612 sf ground floor with versatile work area/warehouse.; Corner unit in well cared for industrial condo.
