Warehouse with Office
For Sale
$599,500
2368 Eastman Avenue 3, Ventura, CA 93003
Warehouse with offices, conference room, kitchenette, and rollup door.
Property Size3,330 SF
Price / SF$180.03
Days on Market410
Property Features for 2368 Eastman Avenue 3
General Information
Standard status
Active
Size
3,330 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1982
Listing Agency:
Real Investments
Listed By:
Michael Hernandez · License #00317670
(805) 985-1000
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Sep 2
Last Checked: Sep 15 at 5:49AM
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 Real Investments
Investment Insights
Based on property information with market context.
This property features a warehouse with office space, including a main entrance lobby area and an executive office. It includes a large conference room and a bathroom on the first floor, along with a large kitchenette/break room. The upper level contains several offices with interior windows and a bathroom. The warehouse has a large rollup door that can be operated both motorized and manually. The property is equipped with AC and heat. The electrical system is 3-phase 208, 220, and 110V. The HOA dues are $290.00 per month.
Key Highlights
- Large warehouse space with rollup door (motorized and manual operation)
- Offices with interior windows on the upper level
- 3‑Phase electrical power (208V, 220V, and 110V)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,216
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,320
$824.3K
Cap Rate 7%
$588,800
$588.8K
Cap Rate 9%
$457,956
$458.0K
Market Conditions
NOI Build-Up for 3,330 SF
Gross rent
$51.1K $15.36/SF
− Vacancy
−$2.7K −$0.80/SF
EGI
$48.5K $14.56/SF
− OpEx
−$7.3K −$2.18/SF
NOI
$41.2K $12.38/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,320
Cap Rate 7%
$588,800
Cap Rate 9%
$457,956
Alternative Uses
Best Use
Office B
$842.1K
$736.8K – $982.4K
NOI $58,945 @ 7.0% cap · market cap 9.83%
Second Best
Warehouse
$588.8K
$515.2K – $686.9K
NOI $41,216 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,022 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Alex Moving & Storage — Ventura, CA 93001
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with offices, conference room, kitchenette, and rollup door.
Where is this warehouse located?
The property is located at 2368 Eastman Avenue 3 Ventura, CA.
What is the asking price?
The asking price for this property is $599,500.
What are key features of this property?
This property features: Large warehouse space with rollup door (motorized and manual operation); Offices with interior windows on the upper level; 3‑Phase electrical power (208V, 220V, and 110V)
