Institutional Office Building
For Sale
$8,200,000
711 E Daily Dr, Camarillo, CA 93010
Well-maintained office building in Camarillo Business Center with immediate freeway access and largely contiguous space availability.
Property Size41,250 SF
Price / SF$198.79
Days on Market60
Property Features for 711 E Daily Dr
General Information
Standard status
Active
Size
41,250 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
Significant contiguous vacancy allows a buyer to occupy a portion or the majority of the building, with flexibility to lease remaining space
Opportunity to execute a lease-up strategy, reposition the tenant mix, and capture rental upside in a supply-constrained submarket
Institutional-quality building with rare availability of scalable space suitable for headquarters users or professional office occupancy
Well-maintained asset with a roof replacement currently underway, reducing near-term capital risk
Exceptional visibility along the Ventura (101) Freeway, offering strong signage and branding potential
Efficient layouts support a wide range of configurations, from single-tenant occupancy to multi-tenant leasing
Situated within Camarillo Business Center, a professionally maintained campus environment with strong parking and nearby amenities
Desirable coastal submarket with access to a skilled labor base, strong demographics, and proximity to major economic drivers
Building Details
Building Size
41,250 SF
Year Built
1983
Listing Agency:
Encino Office
(805) 351-7143
Listed By:
Gary Cohen · License #License(s): CA: 00988655
(805) 351-7143
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 25
Last Checked: Aug 30 at 1:08PM
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 Encino Office
Investment Insights
Based on property information with market context.
711 E. Daily Drive is a well-maintained, institutional-quality office building totaling approximately 41,250 square feet within the Camarillo Business Center. The property features an efficient design with flexible layout and existing improvements, supported by professional maintenance. Ownership is currently replacing the roof, which is intended to enhance the building’s physical condition and help reduce near-term capital expenditure needs.
The building is positioned with immediate access to the Ventura (101) Freeway, supporting strong visibility and convenient connectivity throughout Ventura County and the greater Los Angeles region.
The property is currently benefiting from a recent vacancy of former anchor tenancy, resulting in largely vacant, contiguous space. This configuration may support owner-occupancy plans requiring immediate occupancy, and it also offers optionality for partial lease-up.
The building is positioned with immediate access to the Ventura (101) Freeway, supporting strong visibility and convenient connectivity throughout Ventura County and the greater Los Angeles region.
The property is currently benefiting from a recent vacancy of former anchor tenancy, resulting in largely vacant, contiguous space. This configuration may support owner-occupancy plans requiring immediate occupancy, and it also offers optionality for partial lease-up.
Key Highlights
- 1983‑built office building totaling approximately 141,250 SF in the Camarillo Business Center
- Immediate access to the Ventura (101) Freeway
- Ownership is in the process of replacing the roof
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
$730,175
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
8.90%
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%
$14,603,500
$14.6M
Cap Rate 7%
$10,431,071
$10.4M
Cap Rate 9%
$8,113,056
$8.1M
Market Conditions
NOI Build-Up for 41,250 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
$1.09M $26.40/SF
− Vacancy
−$115.4K −$2.80/SF
EGI
$973.6K $23.60/SF
− OpEx
−$243.4K −$5.90/SF
NOI
$730.2K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$14,603,500
Cap Rate 7%
$10,431,071
Cap Rate 9%
$8,113,056
Alternative Uses
Best Use
Office B
$10.43M
$9.13M – $12.17M
NOI $730,175 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.16M
$12.39M – $16.52M
NOI $991,267 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
Explore this area
Business Placement
Demographics for 93010, CA
46,223
Population
17,315
Households
2.7
Avg Household Size
42
Median Age
40%
College-Educated
93%
High-School Grad
22.0 sq mi
ZIP Area
2,101
Density / Sq Mi
$108,538
Median Household Income
$50,309
Median Earnings
$2,455
Median Rent
$809,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building in Camarillo Business Center with immediate freeway access and largely contiguous space availability.
Where is this office building located?
The property is located at 711 E Daily Dr Camarillo, CA.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: 1983‑built office building totaling approximately 141,250 SF in the Camarillo Business Center; Immediate access to the Ventura (101) Freeway; Ownership is in the process of replacing the roof
