Freestanding Flex
For Sale
Contact for pricing
1433 Arundell Ave, Ventura, CA 93003
Renovated industrial property combining substantial office improvements with automotive, warehouse, and light industrial utility.
Property Size3,945 SF
Price / SF$392.90
Days on Market13
Property Features for 1433 Arundell Ave
General Information
Standard status
Active
Size
3,945 SF
Total Parking Spaces
6
Property subtype
Industrial
Zoning
City of Ventura. M1
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Power
200 amps
Voltage
208 V
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1968
Year Renovated
2011
Buildings
1
Building Size
3,945 SF
Listing Agency:
Kidder Mathews
(818) 867-9027
Listed By:
Jeffrey M Crocker · License #01457097
Source:
Crexi
Added: Jul 30
Changed: Aug 5
Last Checked: Aug 9 at 12:36PM
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
Investment Insights
Based on property information with market context.
This freestanding 3,945-square-foot flex property combines approximately 50% office buildout with industrial functionality. The building includes an extra-wide 18' x 12' grade-level door, 14' minimum clear height, rooftop solar, and 200 amps of 120/208-volt, three-phase power. Originally constructed in 1968, it received a major renovation in 2011 and has no condominium association or association fees.
The property fronts Arundell Ave with exposure to approximately 25,000 vehicles per day along the 101 Freeway in Ventura. City of Ventura M1 zoning supports light industrial, automotive, warehouse, office, and service uses, providing a versatile configuration for an owner-user or other commercial operation.
The property fronts Arundell Ave with exposure to approximately 25,000 vehicles per day along the 101 Freeway in Ventura. City of Ventura M1 zoning supports light industrial, automotive, warehouse, office, and service uses, providing a versatile configuration for an owner-user or other commercial operation.
Key Highlights
- 3,945‑square‑foot freestanding flex building
- Approximately 50% office buildout
- 18' x 12' extra‑wide grade‑level door
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
$138,782
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
8.95%
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%
$2,775,640
$2.8M
Cap Rate 7%
$1,982,600
$2.0M
Cap Rate 9%
$1,542,022
$1.5M
Market Conditions
NOI Build-Up for 3,945 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
$221.1K $56.04/SF
− Vacancy
−$36.0K −$9.13/SF
EGI
$185.0K $46.91/SF
− OpEx
−$46.3K −$11.73/SF
NOI
$138.8K $35.18/SF
Area
Santa Clara County, CA
Vacancy
16.30%
Lease Rate
$56.04 /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%
$2,775,640
Cap Rate 7%
$1,982,600
Cap Rate 9%
$1,542,022
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,782 @ 7.0% cap · market cap 8.95%
Second Best
Warehouse
$1.14M
$999.5K – $1.33M
NOI $79,956 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,716 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated industrial property combining substantial office improvements with automotive, warehouse, and light industrial utility.
Where is this flex space located?
The property is located at 1433 Arundell Ave Ventura, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 3,945‑square‑foot freestanding flex building; Approximately 50% office buildout; 18' x 12' extra‑wide grade‑level door
