Small Industrial Flex
For Sale
Contact for pricing
3251 CORTE MALPASO, Camarillo, CA 93012
Provides reception space, two offices, and a restroom within a street-facing industrial suite.
Property Size1,512 SF
Price / SF$436.51
Days on Market132
Property Features for 3251 CORTE MALPASO
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Industrial
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
1990
Units
1
Listing Agency:
Equity Union Commercial - Southern California
Listed By:
Joshua Linn · License #CA 01500049
Source:
Crexi
Added: Apr 23
Changed: Aug 30
Last Checked: Sep 1 at 2:31AM
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 Equity Union Commercial - Southern California
Investment Insights
Based on property information with market context.
Suite 503 is a 1,512-square-foot industrial condominium completed in 1990. The interior includes a reception area, an executive office, a warehouse office, and one restroom, creating a practical combination of administrative and warehouse-oriented space. A rear loading door measuring 10 by 12 feet supports goods movement.
The unit fronts Corte Malpaso within an industrial park in Camarillo, giving the suite direct street-facing exposure. Its flex configuration combines office components with warehouse functionality in a compact commercial footprint.
The unit fronts Corte Malpaso within an industrial park in Camarillo, giving the suite direct street-facing exposure. Its flex configuration combines office components with warehouse functionality in a compact commercial footprint.
Key Highlights
- 1,512‑square‑foot industrial condominium in Camarillo
- Reception area, executive office, warehouse office, and one restroom
- Rear loading door measures 10x12
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
$26,764
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
4.06%
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%
$535,280
$535.3K
Cap Rate 7%
$382,343
$382.3K
Cap Rate 9%
$297,378
$297.4K
Market Conditions
NOI Build-Up for 1,512 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
$39.9K $26.40/SF
− Vacancy
−$4.2K −$2.80/SF
EGI
$35.7K $23.60/SF
− OpEx
−$8.9K −$5.90/SF
NOI
$26.8K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /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%
$535,280
Cap Rate 7%
$382,343
Cap Rate 9%
$297,378
Alternative Uses
Best Use
Office B
$382.3K
$334.6K – $446.1K
NOI $26,764 @ 7.0% cap · market cap 4.06%
Second Best
Warehouse
$267.3K
$233.9K – $311.9K
NOI $18,714 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$519.1K
$454.2K – $605.6K
NOI $36,334 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93012, CA
37,550
Population
14,399
Households
2.6
Avg Household Size
44
Median Age
49%
College-Educated
95%
High-School Grad
50.1 sq mi
ZIP Area
750
Density / Sq Mi
$122,110
Median Household Income
$63,221
Median Earnings
$2,790
Median Rent
$794,400
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?
Flex space - Provides reception space, two offices, and a restroom within a street-facing industrial suite.
Where is this flex space located?
The property is located at 3251 CORTE MALPASO Camarillo, CA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 1,512‑square‑foot industrial condominium in Camarillo; Reception area, executive office, warehouse office, and one restroom; Rear loading door measures 10x12
