Industrial Office Condo
2747 Sherwin Ave Ventura, CA 93003
For Sale
Contact for pricing
Office condo unit includes a kitchenette and offers quick access to the 101 freeway.
Property Size1,066 SF
Price / SF$422.14
Days on Market14
Property Features for 2747 Sherwin Ave
General Information
- Standard status
- Active
- Size
- 1,066 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Lee & Associates
(323) 767-2041
Listed By:
Armen Kazaryan · License #01291719
(323) 767-2041
Source:
Moodyscre
Added: Jul 14
Changed: Jul 25
Last Checked: Jul 26 at 12:50PM
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.
Industrial/commercial condo unit configured with an office area that includes a kitchenette. The property is offered for sale and may suit an owner-user or investor depending on financing and use requirements.
The unit is located at 2747 Sherwin Ave in Ventura, California, with quick access to the 101 freeway for convenient regional connectivity. An HOA of $355 per month applies.
The available information describes a single condo unit within an industrial/commercial setting, with the primary interior improvements being the office area and kitchenette.
The unit is located at 2747 Sherwin Ave in Ventura, California, with quick access to the 101 freeway for convenient regional connectivity. An HOA of $355 per month applies.
The available information describes a single condo unit within an industrial/commercial setting, with the primary interior improvements being the office area and kitchenette.
Key Highlights
- Industrial/commercial condo unit with an office area and kitchenette
- Quick access to the 101 freeway
- HOA is $355/month
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.7k | $56.04 |
| − Vacancy | −$9.7k | −$9.13 |
| EGI | $50.0k | $46.91 |
| − OpEx | −$12.5k | −$11.73 |
| NOI | $37.5k | $35.18 |
1,066 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$535.7K
$468.8K – $625.0K
NOI $37,501 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$643.6K
$563.1K – $750.8K
NOI $45,049 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Office condo unit includes a kitchenette and offers quick access to the 101 freeway.
Where is this office units located?
The property is located at 2747 Sherwin Ave Ventura, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Industrial/commercial condo unit with an office area and kitchenette; Quick access to the 101 freeway; HOA is $355/month
