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 Market197
Property Features for 3037 Golf Course Drive
General Information
Standard status
Active
Size
3,002 SF
Property subtype
Industrial
Listed By:
Paul Farry · License #00941298
(805) 288-2670
Source:
Cbre
Added: Mar 25
Changed: Sep 27
Last Checked: Oct 5 at 5:28PM
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 / Yr
$30,599
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,980
$612.0K
Cap Rate 7%
$437,129
$437.1K
Cap Rate 9%
$339,989
$340.0K
Market Conditions
NOI Build-Up for 3,002 SF
Gross rent
$46.1K $15.36/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$43.7K $14.56/SF
− OpEx
−$13.1K −$4.37/SF
NOI
$30.6K $10.19/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,980
Cap Rate 7%
$437,129
Cap Rate 9%
$339,989
Alternative Uses
Best Use
Industrial
$437.1K
$382.5K – $510.0K
NOI $30,599 @ 7.0% cap · market cap 3.17%
Second Best
Flex RnD
$413.4K
$361.7K – $482.3K
NOI $28,937 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,140 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Market
Vacancy Rate% for Industrial in West region
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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 - 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.
