Two-Unit Professional Office
For Sale
$525,000
202 Village Commons Unit 13, Camarillo, CA 93012
Adjoining suites provide private entrances, bathrooms, display windows, and flexible storage or breakroom space.
Property Size1,488 SF
Price / SF$352.82
Days on Market12
Property Features for 202 Village Commons Unit 13
General Information
Standard status
Active
Size
1,488 SF
Total Parking Spaces
2
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.33%
Office Units
2
Amenities
central air and heating
drop ceilings
floor-to-ceiling glass wall
private street entrance
private bathroom
wheelchair accessible
large display windows
Building Details
Year Built
2014
Tenancy
Single
Listing Agency:
Beverly and Company Inc.
(818) 645-6056
Listed By:
Troy Markas · License #01229007
Source:
Myfabuloushome
Added: Aug 19
Changed: Aug 30
Last Checked: Aug 30 at 5:50PM
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 Beverly and Company Inc.
Investment Insights
Based on property information with market context.
This professional office property combines two adjoining commercial condo units totaling 1,488 square feet. Built in 2014, the space includes central air and heating, finished 8' ceilings, drop ceilings, and a floor-to-ceiling glass partition between the suites. Each unit has a private street entrance, private bathroom, wheelchair access, and a one-car garage currently configured for storage and breakroom use. Large display windows add to the property's street-facing presentation.
The property is positioned near the 101 freeway and among retail and service businesses. A tenant is in place with 22 months remaining, and the investment is reported at a 5.33% cap rate at the asking price.
The property is positioned near the 101 freeway and among retail and service businesses. A tenant is in place with 22 months remaining, and the investment is reported at a 5.33% cap rate at the asking price.
Key Highlights
- Two adjoining office condo units totaling 1,488 sq ft
- Tenant in place with 22 months remaining
- 5.33% cap rate at the asking price
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
$26,339
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
5.02%
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%
$526,780
$526.8K
Cap Rate 7%
$376,271
$376.3K
Cap Rate 9%
$292,656
$292.7K
Market Conditions
NOI Build-Up for 1,488 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
$39.3K $26.40/SF
− Vacancy
−$4.2K −$2.80/SF
EGI
$35.1K $23.60/SF
− OpEx
−$8.8K −$5.90/SF
NOI
$26.3K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /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%
$526,780
Cap Rate 7%
$376,271
Cap Rate 9%
$292,656
Alternative Uses
Best Use
Office B
$376.3K
$329.2K – $439.0K
NOI $26,339 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.8K
$447.0K – $596.0K
NOI $35,758 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 93012, CA
37,550
Population
14,399
Households
2.6
Avg Household Size
44
Median Age
49%
College-Educated
95%
High-School Grad
50.1 sq mi
ZIP Area
750
Density / Sq Mi
$122,110
Median Household Income
$63,221
Median Earnings
$2,790
Median Rent
$794,400
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?
Office units - Adjoining suites provide private entrances, bathrooms, display windows, and flexible storage or breakroom space.
Where is this office units located?
The property is located at 202 Village Commons Unit 13 Camarillo, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two adjoining office condo units totaling 1,488 sq ft; Tenant in place with 22 months remaining; 5.33% cap rate at the asking price
