Three-Unit Retail
For Sale
Contact for pricing
321 South C Street, Oxnard, CA 93030
Flexible layouts with private restrooms support retail or office occupancy in downtown Oxnard.
Property Size3,866 SF
Price / SF$336.26
Days on Market38
Property Features for 321 South C Street
General Information
Standard status
Active
Size
3,866 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Gross Income
$27,600
Amenities
private restrooms
Building Details
Year Built
1962
Tenancy
Multi
Listing Agency:
illi comercial real estate
(818) 887-8652
Listed By:
Michael Sharon · License #CA 01495419
Source:
Crexi
Added: Jul 16
Changed: Aug 13
Last Checked: Aug 20 at 9:38PM
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 illi comercial real estate
Investment Insights
Based on property information with market context.
Located at 321 South C Street, this 3,866-square-foot retail property contains three approximately 1,288-square-foot units. Each unit includes a private restroom and an adaptable interior suitable for retail or office use. Built in 1962, the property is partially occupied by a hair salon, while the other units are available for leasing or owner-user occupancy.
The building is situated in Downtown Oxnard adjacent to the Police Station and City Hall, with access to surrounding downtown amenities and daytime activity. Its three-unit configuration provides separate spaces for continued commercial occupancy, leasing, or a combination of owner use and tenant occupancy.
The building is situated in Downtown Oxnard adjacent to the Police Station and City Hall, with access to surrounding downtown amenities and daytime activity. Its three-unit configuration provides separate spaces for continued commercial occupancy, leasing, or a combination of owner use and tenant occupancy.
Key Highlights
- Three retail or office units, each approximately 1,288 SF
- 3,866 SF property at 321 South C Street
- Private restroom included in each unit
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
$67,048
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
5.16%
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%
$1,340,960
$1.3M
Cap Rate 7%
$957,829
$957.8K
Cap Rate 9%
$744,978
$745.0K
Market Conditions
NOI Build-Up for 3,866 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
$109.0K $28.20/SF
− Vacancy
−$19.6K −$5.08/SF
EGI
$89.4K $23.12/SF
− OpEx
−$22.3K −$5.78/SF
NOI
$67.0K $17.34/SF
Area
Oxnard, CA
Vacancy
18.00%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,340,960
Cap Rate 7%
$957,829
Cap Rate 9%
$744,978
Alternative Uses
Best Use
Office B
$957.8K
$838.1K – $1.12M
NOI $67,048 @ 7.0% cap · market cap 5.16%
Second Best
Retail
$708.1K
$619.6K – $826.1K
NOI $49,564 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,321 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
Explore this area
Business Placement
Demographics for 93030, CA
59,011
Population
15,966
Households
3.7
Avg Household Size
33
Median Age
19%
College-Educated
70%
High-School Grad
14.1 sq mi
ZIP Area
4,185
Density / Sq Mi
$90,067
Median Household Income
$36,217
Median Earnings
$1,853
Median Rent
$639,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible layouts with private restrooms support retail or office occupancy in downtown Oxnard.
Where is this retail space located?
The property is located at 321 South C Street Oxnard, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three retail or office units, each approximately 1,288 SF; 3,866 SF property at 321 South C Street; Private restroom included in each unit
