Ventura Industrial Facility on
For Sale
$3,000,000
2495 Palma Drive, Ventura, CA 93003
Freestanding industrial building on 1.05 acres in Ventura.
Property Size6,100 SF
Lot Size1.05 Acres
Price / SF$491.80
Days on Market134
Property Features for 2495 Palma Drive
General Information
Standard status
Active
Size
6,100 SF
Lot size
1.05 Acres
Property subtype
Industrial
Building Details
Building Size
6,100 SF
Year Built
1973
Listing Agency:
The Anshar Group
(805) 659-3939
Listed By:
Ted Singer · License #00948939
Source:
Velocityrealtysd
Added: Apr 12
Changed: Aug 23
Last Checked: Aug 22 at 8:24AM
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 The Anshar Group
Investment Insights
Based on property information with market context.
The property at 2495 Palma Drive in Ventura is a freestanding industrial facility. Constructed in 1973, the 6,100-square-foot concrete building is situated on a 1.05-acre parcel. The property offers a combination of income, functional improvements, and long-term land value potential. The industrial layout is suitable for a range of manufacturing, warehouse, or contractor uses. The expansive site provides yard space, parking flexibility, and potential for future reconfiguration or expansion. The location is considered very bikeable with a bike score of 76, very walkable with a walk score of 82, and has some transit options with a transit score of 40.
Key Highlights
- Freestanding 6,100 square foot industrial facility.
- 1. 05‑acre parcel provides valuable yard space, parking flexibility, and potential for future reconfiguration or expansion.
- Practical industrial layout suitable for a wide range of manufacturing, warehouse, or contractor uses.
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
$123,633
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
4.12%
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%
$2,472,660
$2.5M
Cap Rate 7%
$1,766,186
$1.8M
Cap Rate 9%
$1,373,700
$1.4M
Market Conditions
NOI Build-Up for 6,100 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
$157.4K $25.80/SF
− Vacancy
−$11.9K −$1.96/SF
EGI
$145.5K $23.84/SF
− OpEx
−$21.8K −$3.58/SF
NOI
$123.6K $20.27/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /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%
$2,472,660
Cap Rate 7%
$1,766,186
Cap Rate 9%
$1,373,700
Alternative Uses
Best Use
Warehouse
$1.77M
$1.55M – $2.06M
NOI $123,633 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$1.45M
$1.27M – $1.70M
NOI $101,815 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$3.68M
$3.22M – $4.30M
NOI $257,786 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial building on 1.05 acres in Ventura.
Where is this warehouse located?
The property is located at 2495 Palma Drive Ventura, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Freestanding 6,100 square foot industrial facility.; 1. 05‑acre parcel provides valuable yard space, parking flexibility, and potential for future reconfiguration or expansion.; Practical industrial layout suitable for a wide range of manufacturing, warehouse, or contractor uses.
