Industrial Flex Condo
For Sale
$450,000
2747 Sherwin Avenue Unit B7, Ventura, CA 93003
Industrial/commercial condo unit offered for sale within a flex and warehouse property.
Property Size1,066 SF
Days on Market104
Property Features for 2747 Sherwin Avenue Unit B7
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Industrial
Building Details
Building Size
1,066 SF
Listed By:
Armen Kazaryan, MRED · License #CalDRE #01291719
(323) 767-2041
Source:
Lee-associates
Added: Jul 17
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 Armen Kazaryan, MRED
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an industrial/commercial condo unit presented as flex space. The offering is structured as a condominium, which can be suitable for users seeking ownership in a multi-unit warehouse and industrial setting.
The property is located at 2747 Sherwin Avenue in Ventura, CA, and is identified as Unit B7. The asset is part of a broader mix of industrial and warehouse-oriented space included under commercial real estate.
For more specific details on the unit’s layout, condition, or amenities, prospective buyers should request the available offering materials.
The property is located at 2747 Sherwin Avenue in Ventura, CA, and is identified as Unit B7. The asset is part of a broader mix of industrial and warehouse-oriented space included under commercial real estate.
For more specific details on the unit’s layout, condition, or amenities, prospective buyers should request the available offering materials.
Key Highlights
- Industrial/commercial condo unit for sale within a flex and warehouse property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,194
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,880
$263.9K
Cap Rate 7%
$188,486
$188.5K
Cap Rate 9%
$146,600
$146.6K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$16.4K $15.36/SF
− Vacancy
−$851 −$0.80/SF
EGI
$15.5K $14.56/SF
− OpEx
−$2.3K −$2.18/SF
NOI
$13.2K $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%
$263,880
Cap Rate 7%
$188,486
Cap Rate 9%
$146,600
Alternative Uses
Best Use
Warehouse
$188.5K
$164.9K – $219.9K
NOI $13,194 @ 7.0% cap · market cap 2.93%
Second Best
Industrial
$155.2K
$135.8K – $181.1K
NOI $10,866 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$366.0K
$320.2K – $427.0K
NOI $25,617 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- L&T Catering — 1237 s victoria ave, oxnard, ca 93035
- BBQ Catering for Ventura County by Matheney BBQ — 394 maryville ave, ventura, ca 93003
Frequently Asked Questions
What type of property is this?
Flex space - Industrial/commercial condo unit offered for sale within a flex and warehouse property.
Where is this flex space located?
The property is located at 2747 Sherwin Avenue Unit B7 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 for sale within a flex and warehouse property.
