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14711 Princeton Avenue, Moorpark, CA 93021
Fully leased retail center serving surrounding residential neighborhoods with service and retail tenancy under NNN leases.
Property Size28,692 SF
Price / SF$242.23
Days on Market56
Property Features for 14711 Princeton Avenue
General Information
Standard status
Active
Size
28,692 SF
Total Parking Spaces
115
Property subtype
Retail
Zoning
CPD
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$527,819
Site & Location
Traffic Count
86,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.71%
Building Details
Year Built
1981
Stories
1
Units
14
Tenancy
Multi
Parking Ratio
4 per 1,000 SF
Listing Agency:
Zacuto Group
Listed By:
Matthew Luchs · License #01948233
Source:
Crexi
Added: Aug 13
Changed: Sep 30
Last Checked: Oct 5 at 3:38PM
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 Zacuto Group
Investment Insights
Based on property information with market context.
Varsity Park Plaza is a 28,692-square-foot shopping center built in 1981 and currently occupied by 14 service and retail tenants. The property is zoned CPD and operates with NNN lease structures across the tenant roster. Two tenants occupying 2,990 square feet are on month-to-month agreements, providing near-term lease flexibility within the existing center configuration.
The center has frontage along Princeton Avenue and Campus Park Drive, with 455’ and 255’ of linear frontage, respectively. On-site parking includes 115 surface spaces, a ratio of 4.00 per 1,000 square feet. Princeton Avenue records nearly 86,000 vehicles per day near 118 State Highway, which is less than .2 miles south and directly accessible from Princeton Avenue. The surrounding area consists primarily of single-family homes, positioning the center among established residential neighborhoods.
The center has frontage along Princeton Avenue and Campus Park Drive, with 455’ and 255’ of linear frontage, respectively. On-site parking includes 115 surface spaces, a ratio of 4.00 per 1,000 square feet. Princeton Avenue records nearly 86,000 vehicles per day near 118 State Highway, which is less than .2 miles south and directly accessible from Princeton Avenue. The surrounding area consists primarily of single-family homes, positioning the center among established residential neighborhoods.
Key Highlights
- 100% occupied shopping center with 14 service and retail tenants
- 28,692 square feet on a CPD‑zoned site; built in 1981
- NNN lease structure across the tenant roster
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$459,370
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,187,400
$9.2M
Cap Rate 7%
$6,562,429
$6.6M
Cap Rate 9%
$5,104,111
$5.1M
Market Conditions
NOI Build-Up for 28,692 SF
Gross rent
$688.6K $24.00/SF
− Vacancy
−$32.4K −$1.13/SF
EGI
$656.2K $22.87/SF
− OpEx
−$196.9K −$6.86/SF
NOI
$459.4K $16.01/SF
Area
Ventura County, CA
Vacancy
4.70%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,187,400
Cap Rate 7%
$6,562,429
Cap Rate 9%
$5,104,111
Alternative Uses
Best Use
Retail
$6.56M
$5.74M – $7.66M
NOI $459,370 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.85M
$8.62M – $11.49M
NOI $689,489 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
86,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93021, CA
38,103
Population
12,103
Households
3.1
Avg Household Size
39
Median Age
45%
College-Educated
91%
High-School Grad
47.8 sq mi
ZIP Area
797
Density / Sq Mi
$149,848
Median Household Income
$55,770
Median Earnings
$2,651
Median Rent
$862,600
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Varsity park Plaza — 14711 Princeton Ave, Moorpark, CA 93021
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center serving surrounding residential neighborhoods with service and retail tenancy under NNN leases.
Where is this shopping center located?
The property is located at 14711 Princeton Avenue Moorpark, CA.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 100% occupied shopping center with 14 service and retail tenants; 28,692 square feet on a CPD‑zoned site; built in 1981; NNN lease structure across the tenant roster
