Industrial Condominium with Ground
For Sale
Contact for pricing
2364 Sturgis Rd, Oxnard, CA 93030
Industrial condominium offering ground level loading and impressive clearance heights within a professional business park setting.
Property Size2,275 SF
Price / SF$369
Days on Market400
Property Features for 2364 Sturgis Rd
General Information
Standard status
Active
Size
2,275 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Lee & Associates
(818) 223-4388
Listed By:
Grant Fulkerson, SIOR · License #01483890
(818) 304-4956
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Sep 3
Last Checked: Sep 20 at 12:23PM
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 offered as part of the LT Business Center and provides ground level loading for efficient move-in and operations. The space also features impressive clearance heights, suited to a variety of warehouse and light industrial uses within an organized business park environment.
Located at 2364 Sturgis Rd in Oxnard, CA, the property is described as being in close proximity to Highway 101, supporting convenient regional access for logistics and service needs.
As an industrial condominium, the property provides a defined, warehouse-style configuration with ground level loading and high-clearance space, positioned for practical day-to-day functionality in a professional park setting.
Located at 2364 Sturgis Rd in Oxnard, CA, the property is described as being in close proximity to Highway 101, supporting convenient regional access for logistics and service needs.
As an industrial condominium, the property provides a defined, warehouse-style configuration with ground level loading and high-clearance space, positioned for practical day-to-day functionality in a professional park setting.
Key Highlights
- Industrial condominium in a 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
$27,556
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
3.28%
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%
$551,120
$551.1K
Cap Rate 7%
$393,657
$393.7K
Cap Rate 9%
$306,178
$306.2K
Market Conditions
NOI Build-Up for 2,275 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
$34.1K $15.00/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$32.4K $14.25/SF
− OpEx
−$4.9K −$2.14/SF
NOI
$27.6K $12.11/SF
Area
Oxnard, CA
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$551,120
Cap Rate 7%
$393,657
Cap Rate 9%
$306,178
Alternative Uses
Best Use
Warehouse
$393.7K
$344.5K – $459.3K
NOI $27,556 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$742.5K
$649.7K – $866.2K
NOI $51,974 @ 7.0% cap · market cap 6.19%
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
Well-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
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?
Warehouse - Industrial condominium offering ground level loading and impressive clearance heights within a professional business park setting.
Where is this warehouse located?
The property is located at 2364 Sturgis Rd Oxnard, CA.
What is the asking price?
The asking price for this property is $839,475.
What are key features of this property?
This property features: Industrial condominium in a business park environment; Ground‑level loading; Impressive clearance heights
