High-Ceiling Flex
For Sale
$995,000
229 S Oxnard, Oxnard, CA 93030
Vacant commercial building with customer-facing, office, storage, and restroom areas.
Property Size6,500 SF
Price / SF$153.08
Days on Market32
Property Features for 229 S Oxnard
General Information
Standard status
Active
Size
6,500 SF
Building Details
Year Built
1927
Listing Agency:
eXp Realty of California Inc
Listed By:
Michael Love · License #01435262
(888) 832-7179
Source:
Myfabuloushome
Added: Aug 10
Changed: Sep 8
Last Checked: Sep 9 at 10:44PM
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 eXp Realty of California Inc
Investment Insights
Based on property information with market context.
This 6,000+ sq. ft. flex space, built in 1927, combines hangar-style architecture with a freshly painted interior. The layout includes a designated customer area, office space, substantial storage, and multiple bathrooms. Soaring ceilings create an open interior suitable for a range of commercial configurations.
The property is positioned in Downtown Oxnard along Oxnard Boulevard, a heavily traveled corridor. Plaza Park, cultural venues, restaurants, and local businesses are located nearby. The building is currently vacant, providing an open commercial space for a new occupant or owner.
The property is positioned in Downtown Oxnard along Oxnard Boulevard, a heavily traveled corridor. Plaza Park, cultural venues, restaurants, and local businesses are located nearby. The building is currently vacant, providing an open commercial space for a new occupant or owner.
Key Highlights
- 6,000+ sq. ft. flex space built in 1927
- Hangar‑style architecture with soaring ceilings
- Freshly painted interior
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
$83,333
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
8.38%
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%
$1,666,660
$1.7M
Cap Rate 7%
$1,190,471
$1.2M
Cap Rate 9%
$925,922
$925.9K
Market Conditions
NOI Build-Up for 6,500 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
$128.7K $19.80/SF
− Vacancy
−$9.7K −$1.49/SF
EGI
$119.0K $18.32/SF
− OpEx
−$35.7K −$5.49/SF
NOI
$83.3K $12.82/SF
Area
Oxnard, CA
Vacancy
7.50%
Lease Rate
$19.80 /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%
$1,666,660
Cap Rate 7%
$1,190,471
Cap Rate 9%
$925,922
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,333 @ 7.0% cap · market cap 8.38%
Second Best
Flex RnD
$1.06M
$928.3K – $1.24M
NOI $74,263 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$2.12M
$1.86M – $2.47M
NOI $148,496 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93030, CA
59,011
Population
15,966
Households
3.7
Avg Household Size
33
Median Age
19%
College-Educated
70%
High-School Grad
14.1 sq mi
ZIP Area
4,185
Density / Sq Mi
$90,067
Median Household Income
$36,217
Median Earnings
$1,853
Median Rent
$639,800
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 - Vacant commercial building with customer-facing, office, storage, and restroom areas.
Where is this flex space located?
The property is located at 229 S Oxnard Oxnard, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,000+ sq. ft. flex space built in 1927; Hangar‑style architecture with soaring ceilings; Freshly painted interior
