Downtown Flex Space with High
New
For Sale
$995,000
229 S Oxnard Blvd, Oxnard, CA 93030
Vacant commercial space combines customer-facing areas, offices, storage, and multiple bathrooms in a flexible building.
Property Size6,500 SF
Price / SF$153.08
Days on Market4
Property Features for 229 S Oxnard Blvd
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Commercial/Industrial
Additional Details
Road Access
Yes
Building Details
Year Built
1927
Listing Agency:
eXp Realty of California Inc
(818) 674-3799
Listed By:
Michael Love · License #01435262
(818) 674-3799
Source:
Exitrealty
Added: Aug 9
Changed: Aug 12
Last Checked: Aug 12 at 4:55AM
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 6,500-square-foot flex property at 229 S Oxnard Blvd features an open main area with high ceilings and an airplane-hangar-style design. The interior has been recently repainted, and the layout includes a customer area, office space, substantial storage, and multiple bathrooms. Built in 1927, the building offers a distinctive commercial setting with adaptable interior areas.
The property is positioned in Downtown Oxnard along Oxnard Boulevard, providing a central address within the downtown district. Plaza Park, cultural venues, restaurants, and local businesses are identified nearby. The building is currently vacant, allowing the next occupant to configure the space for its intended commercial use.
The property is positioned in Downtown Oxnard along Oxnard Boulevard, providing a central address within the downtown district. Plaza Park, cultural venues, restaurants, and local businesses are identified nearby. The building is currently vacant, allowing the next occupant to configure the space for its intended commercial use.
Key Highlights
- 6,500‑square‑foot flex property
- Airplane‑hangar‑style architecture with high ceilings
- Customer area, office space, storage, and multiple bathrooms
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
Office B
$1.61M
$1.41M – $1.88M
NOI $112,730 @ 7.0% cap · market cap 11.33%
Second Best
Retail
$1.19M
$1.04M – $1.39M
NOI $83,333 @ 7.0% cap · market cap 8.38%
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,826
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial space combines customer-facing areas, offices, storage, and multiple bathrooms in a flexible building.
Where is this flex space located?
The property is located at 229 S Oxnard Blvd 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: 6,500‑square‑foot flex property; Airplane‑hangar‑style architecture with high ceilings; Customer area, office space, storage, and multiple bathrooms
