Retail Building with Income
2167 Pickwick Drive Camarillo, CA 93010
2167 Pickwick Drive, Camarillo, CA, 93010
$3,700,000
For Sale
$3,700,000
10,000 SF building with long-term tenants and owner-user opportunity.
Property Size10,000 SF
Lot Size0.85 Acres
Price / SF$370
Days on Market912
Property Features for 2167 Pickwick Drive
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.85 Acres
Building Details
- Year Built
- 1965
Listing Agency
Kidder Mathews of California, Inc.
(310) 773-7975
Listed by
Jacqueline Moeller · License #02074226
(310) 773-7975
Source
Compass
Added: Jan 16, 2024 Checked: Jul 16 at 6:36 am
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 Kidder Mathews of California, Inc.
Investment Insights
Based on property information with market context.
The property at 2167 Pickwick Drive is a 10,000 square foot building situated on a lot of just under one acre, specifically 37,051 square feet. The building contains four retail suites, with one vacancy of 2,000 square feet. Two of the tenant leases expire in 2026, and the restaurant lease extends until 2032. The property is suitable for an owner-user buyer looking to occupy the vacant 2,000 square feet. Potential users include medical or retail tenants who could benefit from the supplemental income stream generated by the long-term tenants. The parking ratio exceeds five spaces per 1,000 square feet.
Key Highlights
- 10,000 SF building with a 2,000 SF vacancy ideal for an owner‑user.
- Located on just under an acre of land (37,051 SF).
- Supplemental income stream from existing tenants.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.0k | $24.00 |
| − Vacancy | −$11.3k | −$1.13 |
| EGI | $228.7k | $22.87 |
| − OpEx | −$68.6k | −$6.86 |
| NOI | $160.1k | $16.01 |
10,000 SF · lease $24.00/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,104 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.01M
NOI $240,307 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Outlaws Grill & Saloon
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 10,000 SF building with long-term tenants and owner-user opportunity.
Where is this retail space located?
The property is located at 2167 Pickwick Drive Camarillo, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 10,000 SF building with a 2,000 SF vacancy ideal for an owner‑user.; Located on just under an acre of land (37,051 SF).; Supplemental income stream from existing tenants.
