Industrial Flex Condo
For Sale
$450,000
2747 Sherwin Avenue Unit B7, Ventura, CA 93003
Industrial/commercial condo unit offered for sale within a flex and warehouse property.
Property Size1,066 SF
Days on Market51
Property Features for 2747 Sherwin Avenue Unit B7
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Industrial
Building Details
Building Size
1,066 SF
Listed By:
Armen Kazaryan, MRED · License #CalDRE #01291719
(323) 767-2041
Source:
Lee-associates
Added: Jul 17
Changed: Sep 3
Last Checked: Sep 5 at 3:59AM
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 Armen Kazaryan, MRED
Investment Insights
Based on property information with market context.
This is an industrial/commercial condo unit presented as flex space. The offering is structured as a condominium, which can be suitable for users seeking ownership in a multi-unit warehouse and industrial setting.
The property is located at 2747 Sherwin Avenue in Ventura, CA, and is identified as Unit B7. The asset is part of a broader mix of industrial and warehouse-oriented space included under commercial real estate.
For more specific details on the unit’s layout, condition, or amenities, prospective buyers should request the available offering materials.
The property is located at 2747 Sherwin Avenue in Ventura, CA, and is identified as Unit B7. The asset is part of a broader mix of industrial and warehouse-oriented space included under commercial real estate.
For more specific details on the unit’s layout, condition, or amenities, prospective buyers should request the available offering materials.
Key Highlights
- Industrial/commercial condo unit for sale within a flex and warehouse property.
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
$21,605
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
4.80%
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%
$432,100
$432.1K
Cap Rate 7%
$308,643
$308.6K
Cap Rate 9%
$240,056
$240.1K
Market Conditions
NOI Build-Up for 1,066 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
$27.5K $25.80/SF
− Vacancy
−$2.1K −$1.96/SF
EGI
$25.4K $23.84/SF
− OpEx
−$3.8K −$3.58/SF
NOI
$21.6K $20.27/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /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%
$432,100
Cap Rate 7%
$308,643
Cap Rate 9%
$240,056
Alternative Uses
Best Use
Warehouse
$308.6K
$270.1K – $360.1K
NOI $21,605 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$254.2K
$222.4K – $296.6K
NOI $17,793 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$643.6K
$563.1K – $750.8K
NOI $45,049 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial/commercial condo unit offered for sale within a flex and warehouse property.
Where is this flex space located?
The property is located at 2747 Sherwin Avenue Unit B7 Ventura, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Industrial/commercial condo unit for sale within a flex and warehouse property.
