Ventura Flex Space with
For Sale
$1,600,000
180 Canada Larga Road, Ventura, CA 93001
Flex space featuring offices, storage, and freeway access in Ventura.
Property Size7,228 SF
Price / SF$221.36
Days on Market151
Property Features for 180 Canada Larga Road
General Information
Standard status
Active
Size
7,228 SF
Property subtype
FlexIndustrial
Listing Agency:
CBRE - Ventura
(805) 288-4700
Listed By:
JIM MEANEY · License #01360121
(805) 288-4700
Source:
Cbre
Added: Mar 25
Changed: Aug 14
Last Checked: Aug 21 at 12:04PM
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 CBRE - Ventura
Investment Insights
Based on property information with market context.
This flex space property in Ventura, California, features 6,049 square feet of office space divided into four offices, along with 2,110 square feet of finished office mezzanine. The property includes 1,200 square feet of storage area accessible via two 12' x 12' grade-level overhead doors. The building has a 14' clear height and contains four restrooms. Electrical service is provided with 400 amps at 120/208 volts. The property is zoned CPD and offers 28 parking spaces within a fenced yard. The location provides excellent freeway frontage and access. Ventura County offers an excellent quality of life, ideal weather, a low crime rate, affordable housing and good schools, community colleges and a university. Located between Los Angeles and Santa Barbara, Ventura County is an easy commute via the Ventura Freeway (U. S. 101).
Key Highlights
- Excellent freeway frontage and access.
- Substantial office space: 6,049 sq. ft. with an additional 2,110 sq. ft. mezzanine.
- High office build‑out: Over 80% of the space is finished office.
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
$120,643
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
7.54%
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%
$2,412,860
$2.4M
Cap Rate 7%
$1,723,471
$1.7M
Cap Rate 9%
$1,340,478
$1.3M
Market Conditions
NOI Build-Up for 7,228 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
$186.5K $25.80/SF
− Vacancy
−$14.1K −$1.96/SF
EGI
$172.3K $23.84/SF
− OpEx
−$51.7K −$7.15/SF
NOI
$120.6K $16.69/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$2,412,860
Cap Rate 7%
$1,723,471
Cap Rate 9%
$1,340,478
Alternative Uses
Best Use
Industrial
$1.72M
$1.51M – $2.01M
NOI $120,643 @ 7.0% cap · market cap 7.54%
Second Best
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $112,026 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$4.36M
$3.82M – $5.09M
NOI $305,456 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93001, CA
33,859
Population
14,705
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
96.6 sq mi
ZIP Area
351
Density / Sq Mi
$86,310
Median Household Income
$45,023
Median Earnings
$1,881
Median Rent
$760,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space featuring offices, storage, and freeway access in Ventura.
Where is this flex space located?
The property is located at 180 Canada Larga Road Ventura, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Excellent freeway frontage and access.; Substantial office space: **6,049 sq. ft.** with an additional 2,110 sq. ft. mezzanine.; High office build‑out: Over 80% of the space is finished office.
