Industrial Condo For
For Sale
Contact for pricing
900 Graves Ave, Oxnard, CA 93030
1,320 SF office industrial condo with flexible ML zoning.
Property Size6,700 SF
Price / SF$305
Days on Market161
Property Features for 900 Graves Ave
General Information
Standard status
Active
Size
6,700 SF
Class
B
Property subtype
Industrial
Zoning
ML
Investment Type
Owner/User
Building Details
Year Built
2002
Stories
1
Units
1
Listing Agency:
CBRE - Ventura
Listed By:
Dexter Wilkerson · License #00409987
Source:
Crexi
Added: Mar 19
Changed: Aug 21
Last Checked: Aug 25 at 4:09PM
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 - Ventura
Investment Insights
Based on property information with market context.
This industrial condo offers 1,320 square feet of office space and is part of an Owners Association. The property benefits from recent exterior renovations. Its flexible ML zoning provides various usage options. The property is positioned for owner-user occupancy upon the close of escrow. It is located in close proximity to the 101 Freeway.
Key Highlights
- Rare 1,320 SF office industrial condo
- Flexible ML zoning
- Owner/user opportunity
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
$76,548
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
3.75%
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%
$1,530,960
$1.5M
Cap Rate 7%
$1,093,543
$1.1M
Cap Rate 9%
$850,533
$850.5K
Market Conditions
NOI Build-Up for 6,700 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
$124.6K $18.60/SF
− Vacancy
−$6.9K −$1.02/SF
EGI
$117.8K $17.58/SF
− OpEx
−$41.2K −$6.15/SF
NOI
$76.5K $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%
$1,530,960
Cap Rate 7%
$1,093,543
Cap Rate 9%
$850,533
Alternative Uses
Best Use
Flex RnD
$1.09M
$956.9K – $1.28M
NOI $76,548 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$1.04M
$907.0K – $1.21M
NOI $72,559 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,066 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Under-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
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 - 1,320 SF office industrial condo with flexible ML zoning.
Where is this flex space located?
The property is located at 900 Graves Ave Oxnard, CA.
What is the asking price?
The asking price for this property is $2,043,500.
What are key features of this property?
This property features: Rare **1,320 SF office industrial condo**; Flexible ML zoning; Owner/user opportunity
