Flex Space with Mezzanine
New
For Sale
$12,700,000
Flynn Road Business Park - 1220 1230 & 1240 Avenida Acaso, Camarillo, CA 93012
Divisible space combines warehouse or storage areas with second-floor office accommodation.
Property Size67,203 SF
Price / SF$342.60
Days on Market2
Property Features for Flynn Road Business Park - 1220 1230 & 1240 Avenida Acaso
General Information
Standard status
Active
Size
67,203 SF
Property subtype
Flex/Industrial
Occupancy
43%
Warehouse & Industrial
Office Build-Out
17,669 SF
Mezzanine
17,669 SF
Sprinkler System
Yes
Additional Details
Asking Price
$12,700,000
Building Details
Building Size
67,203 SF
Year Built
1985
Buildings
3
Listing Agency:
NAI Capital Commercial, Inc
Listed By:
Bill Kiefer · License #CalDRE #00828915
(805) 320-1600
Source:
Naiglobal
Added: Sep 24
Last Checked: Sep 24 at 2:02PM
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 NAI Capital Commercial, Inc
Investment Insights
Based on property information with market context.
Flynn Road Business Park comprises 37,069 SF across 1220, 1230 and 1240 Avenida Acaso in Camarillo. Available configurations include 9,077 to 13,000 SF at 1220, 7,500 to 10,323 SF at 1230, and 17,669 SF of second-floor mezzanine offices, divisible to 5,000 SF. Existing improvements may be reconfigured, and warehouse or storage use is under consideration. The buildings were constructed in 1985, are fully sprinklered, and have HVAC service to 80% to 90% of the building area.
The property is 43% leased through March 2029. Lease structures include net and modified gross arrangements.
The property is 43% leased through March 2029. Lease structures include net and modified gross arrangements.
Key Highlights
- 37,069 SF total available area across 1220, 1230 and 1240 Avenida Acaso
- 1220 offers 9,077 to 13,000 SF; 1230 offers 7,500 to 10,323 SF
- 17,669 SF of mezzanine offices, divisible to 5,000 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
$458,806
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
3.61%
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%
$9,176,120
$9.2M
Cap Rate 7%
$6,554,371
$6.6M
Cap Rate 9%
$5,097,844
$5.1M
Market Conditions
NOI Build-Up for 37,069 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
$569.4K $15.36/SF
− Vacancy
−$29.6K −$0.80/SF
EGI
$539.8K $14.56/SF
− OpEx
−$81.0K −$2.18/SF
NOI
$458.8K $12.38/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
15.00%
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%
$9,176,120
Cap Rate 7%
$6,554,371
Cap Rate 9%
$5,097,844
Alternative Uses
Best Use
Warehouse
$6.55M
$5.74M – $7.65M
NOI $458,806 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$5.40M
$4.72M – $6.30M
NOI $377,840 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$12.73M
$11.13M – $14.85M
NOI $890,795 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
43%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93012, CA
37,550
Population
14,399
Households
2.6
Avg Household Size
44
Median Age
49%
College-Educated
95%
High-School Grad
50.1 sq mi
ZIP Area
750
Density / Sq Mi
$122,110
Median Household Income
$63,221
Median Earnings
$2,790
Median Rent
$794,400
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 - Divisible space combines warehouse or storage areas with second-floor office accommodation.
Where is this flex space located?
The property is located at Flynn Road Business Park - 1220 1230 & 1240 Avenida Acaso Camarillo, CA.
What is the asking price?
The asking price for this property is $12,700,000.
What are key features of this property?
This property features: 37,069 SF total available area across 1220, 1230 and 1240 Avenida Acaso; 1220 offers 9,077 to 13,000 SF; 1230 offers 7,500 to 10,323 SF; 17,669 SF of mezzanine offices, divisible to 5,000 SF
