Industrial Condominium with
For Sale
Contact for pricing
2362 E Sturgis Rd, Oxnard, CA 93030
Industrial condominium offering ground-level loading and impressive clearance heights within a professional business park environment.
Property Size2,200 SF
Price / SF$379
Days on Market398
Property Features for 2362 E Sturgis Rd
General Information
Standard status
Active
Size
2,200 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Lee & Associates
(818) 223-4388
Listed By:
Grant Fulkerson, SIOR
(818) 304-4956
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Sep 5
Last Checked: Sep 18 at 9:27AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This industrial condominium is part of the LT Business Center and is configured as ground-level warehouse/flex space. The unit features ground level loading and impressive clearance heights, making it suitable for operations that benefit from straightforward access and vertical space.
The property is located at 2362 E Sturgis Rd in Oxnard, California, with close proximity to Highway 101 for regional connectivity.
As an industrial condominium within a professional business park environment, it offers a standalone ownership structure while remaining within a managed commercial setting.
The property is located at 2362 E Sturgis Rd in Oxnard, California, with close proximity to Highway 101 for regional connectivity.
As an industrial condominium within a professional business park environment, it offers a standalone ownership structure while remaining within a managed commercial setting.
Key Highlights
- Industrial condominium within a professional business park environment
- Ground‑level loading
- Impressive clearance heights
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
$25,135
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
3.01%
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%
$502,700
$502.7K
Cap Rate 7%
$359,071
$359.1K
Cap Rate 9%
$279,278
$279.3K
Market Conditions
NOI Build-Up for 2,200 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
$40.9K $18.60/SF
− Vacancy
−$2.3K −$1.02/SF
EGI
$38.7K $17.58/SF
− OpEx
−$13.5K −$6.15/SF
NOI
$25.1K $11.43/SF
Area
Oxnard, CA
Vacancy
5.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
35.00%
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%
$502,700
Cap Rate 7%
$359,071
Cap Rate 9%
$279,278
Alternative Uses
Best Use
Flex RnD
$359.1K
$314.2K – $418.9K
NOI $25,135 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$340.4K
$297.8K – $397.1K
NOI $23,825 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$718.0K
$628.3K – $837.7K
NOI $50,260 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Balanced
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 - Industrial condominium offering ground-level loading and impressive clearance heights within a professional business park environment.
Where is this flex space located?
The property is located at 2362 E Sturgis Rd Oxnard, CA.
What is the asking price?
The asking price for this property is $833,800.
What are key features of this property?
This property features: Industrial condominium within a professional business park environment; Ground‑level loading; Impressive clearance heights
