Industrial Unit Near Ventura
For Sale
$965,000
3037 Golf Course Drive, Ventura, CA 93003
Rare industrial unit with shop room, coffee bar, and offices.
Property Size3,002 SF
Price / SF$321.45
Days on Market136
Property Features for 3037 Golf Course Drive
General Information
Standard status
Active
Size
3,002 SF
Property subtype
Industrial
Listing Agency:
(805) 288-2670
Listed By:
Paul Farry · License #00941298
(805) 288-2670
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 7 at 5:46AM
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 Paul Farry
Investment Insights
Based on property information with market context.
This industrial unit offers 3 offices totaling 684 square feet, along with 2 restrooms. The unit features a 14-foot clear height and 2 ground-level doors, each measuring 12 feet by 12 feet. It includes a shop room and a coffee bar. The property has 6 parking spaces and is zoned MPD, offering flexible usage options. The unit provides excellent access to the 101 Ventura Freeway. The property is located in Ventura County, which offers an excellent quality of life, ideal weather, a low crime rate, affordable housing, and good schools, community colleges, and a university (Cal State University, Channel Islands). Ventura County is situated between Los Angeles and Santa Barbara, with convenient access via the Ventura Freeway (U. S. 101). This presents an investment opportunity with an existing lease expiring on September 30, 2030.
Key Highlights
- Existing lease in place until 09/30/2030, providing immediate investment income.
- Rare size industrial unit for sale, offering a unique opportunity.
- Excellent access to the 101 Ventura Freeway.
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
$50,107
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
5.19%
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%
$1,002,140
$1.0M
Cap Rate 7%
$715,814
$715.8K
Cap Rate 9%
$556,744
$556.7K
Market Conditions
NOI Build-Up for 3,002 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
$77.5K $25.80/SF
− Vacancy
−$5.9K −$1.96/SF
EGI
$71.6K $23.84/SF
− OpEx
−$21.5K −$7.15/SF
NOI
$50.1K $16.69/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,002,140
Cap Rate 7%
$715,814
Cap Rate 9%
$556,744
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,608 @ 7.0% cap · market cap 10.94%
Second Best
Industrial
$715.8K
$626.3K – $835.1K
NOI $50,107 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,865 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
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 Office 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?
Flex space - Rare industrial unit with shop room, coffee bar, and offices.
Where is this flex space located?
The property is located at 3037 Golf Course Drive Ventura, CA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Existing lease in place until 09/30/2030, providing immediate investment income.; Rare size industrial unit for sale, offering a unique opportunity.; Excellent access to the 101 Ventura Freeway.
