Santa Paula Freestanding
For Sale
Contact for pricing
1755 Lemonwood Dr, Santa Paula, CA
Freestanding warehouse in Santa Paula with dock and ground doors.
Property Size40,081 SF
Lot Size3.56 Acres
Price / SF$242.01
Days on Market261
Property Features for 1755 Lemonwood Dr
General Information
Standard status
Active
Size
40,081 SF
Lot size
3.56 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Kidder Mathews
(805) 653-5147
Listed By:
Jeffrey Crocker · License #02080641
(805) 653-5147
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:20PM
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 building in Santa Paula, California, offers 40,081 square feet of warehouse and industrial space. The property features clear heights of 24 to 26 feet and includes 710 square feet of office space. It is equipped with a fire sprinkler system. Loading and access are facilitated by four 10'x10' dock-high doors and two 22'x12' ground-level doors. The building is supplied with 1,200 Amps of power at 240/110 Volts and has minimal columns.
Key Highlights
- Free standing building
- (4) 10'x10' dock high & (2) 22'x12' ground level doors
- Benefit from 24'-26' clear height
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
$496,086
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
5.11%
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%
$9,921,720
$9.9M
Cap Rate 7%
$7,086,943
$7.1M
Cap Rate 9%
$5,512,067
$5.5M
Market Conditions
NOI Build-Up for 40,081 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
$615.6K $15.36/SF
− Vacancy
−$32.0K −$0.80/SF
EGI
$583.6K $14.56/SF
− OpEx
−$87.5K −$2.18/SF
NOI
$496.1K $12.38/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /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%
$9,921,720
Cap Rate 7%
$7,086,943
Cap Rate 9%
$5,512,067
Alternative Uses
Best Use
Warehouse
$7.09M
$6.20M – $8.27M
NOI $496,086 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$5.84M
$5.11M – $6.81M
NOI $408,541 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$13.76M
$12.04M – $16.05M
NOI $963,175 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Highline Self Storage — 1343 E Main St, Santa Paula, CA 93060
- The Wright Storage — 18035 E Telegraph Rd, Santa Paula, CA 93060
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse in Santa Paula with dock and ground doors.
Where is this warehouse located?
The property is located at 1755 Lemonwood Dr Santa Paula, CA.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: Free standing building; (4) 10'x10' dock high & (2) 22'x12' ground level doors; Benefit from 24'-26' clear height
