Corner Flex Industrial
For Sale
$435,000
H-4082 Southbank Rd, Oxnard, CA 93036
Corner industrial condo with offices, bathrooms, warehouse area, roll-up access, and a permitted loft with kitchen.
Property Size3,352 SF
Price / SF$129.77
Days on Market2217
Property Features for H-4082 Southbank Rd
General Information
Standard status
Active
Size
3,352 SF
Additional Details
Power
600 amps
Listing Agency:
Century 21 Everest
(805) 312-0554
Listed By:
Max Estes
(805) 312-0554
Source:
Exprealty
Added: Aug 5, 2020
Changed: Aug 30
Last Checked: Aug 30 at 1:54AM
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 Century 21 Everest
Investment Insights
Based on property information with market context.
This corner flex unit is configured for a combination of office and industrial operations. The 2,612-square-foot ground floor includes two offices, two bathrooms, and a substantial work or warehouse area with a roll-up door. Electrical service has been upgraded to 600 AMPS, supporting a range of commercial functions.
A fully permitted 370-square-foot loft adds usable upper-level space and is built for a 250 PSF load. The loft also includes a kitchen area. The property is located in an industrial condominium project in Oxnard, California, at H-4082 Southbank Rd.
A fully permitted 370-square-foot loft adds usable upper-level space and is built for a 250 PSF load. The loft also includes a kitchen area. The property is located in an industrial condominium project in Oxnard, California, at H-4082 Southbank Rd.
Key Highlights
- 2,612 SF ground‑floor configuration
- 600 AMPS electrical service
- Two offices and two bathrooms
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
$38,297
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
8.80%
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%
$765,940
$765.9K
Cap Rate 7%
$547,100
$547.1K
Cap Rate 9%
$425,522
$425.5K
Market Conditions
NOI Build-Up for 3,352 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
$62.3K $18.60/SF
− Vacancy
−$3.4K −$1.02/SF
EGI
$58.9K $17.58/SF
− OpEx
−$20.6K −$6.15/SF
NOI
$38.3K $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%
$765,940
Cap Rate 7%
$547,100
Cap Rate 9%
$425,522
Alternative Uses
Best Use
Office B
$830.5K
$726.7K – $968.9K
NOI $58,134 @ 7.0% cap · market cap 13.36%
Second Best
Warehouse
$580.0K
$507.5K – $676.7K
NOI $40,601 @ 7.0% cap · market cap 9.33%
Theoretical Best
Office A
$1.09M
$957.2K – $1.28M
NOI $76,578 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93036, CA
48,656
Population
14,798
Households
3.3
Avg Household Size
34
Median Age
24%
College-Educated
75%
High-School Grad
17.8 sq mi
ZIP Area
2,733
Density / Sq Mi
$100,482
Median Household Income
$38,229
Median Earnings
$2,199
Median Rent
$648,800
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?
Flex space - Corner industrial condo with offices, bathrooms, warehouse area, roll-up access, and a permitted loft with kitchen.
Where is this flex space located?
The property is located at H-4082 Southbank Rd Oxnard, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2,612 SF ground‑floor configuration; 600 AMPS electrical service; Two offices and two bathrooms
