Freeway Corridor Professional Office
For Sale
Contact for pricing
340 Rosewood Ave, Camarillo, CA 93010
Two office condominiums near amenities and services, one leased.
Property Size1,588 SF
Price / SF$283.38
Days on Market894
Property Features for 340 Rosewood Ave
General Information
Standard status
Active
Size
1,588 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Units
2
Listing Agency:
Becker Group
Listed By:
Matt Kingsley · License #CA 01969878
(415) 851-3454
Source:
Crexi
Added: May 10, 2024
Changed: Oct 13
Last Checked: Oct 19 at 6:05AM
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 Becker Group
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Investment Insights
Based on property information with market context.
This is a rare opportunity to own two professional office condominiums situated on the 101 Freeway Corridor. The office condominiums are adjacent to each other. Unit C is currently leased, while Unit D is vacant. Unit C features a floorplan that includes two private offices and a reception area. Unit D's floorplan includes three private offices with multiple entry points and a reception area. The location offers convenient access to amenities, services, and restaurants. Unit C has a size of 660 square feet (APN: 164-0-210-015), and Unit D has a size of 928 square feet (APN: 164-0-210-025), resulting in a total area of 1,588 square feet. The combined association fee for both units is $857.64.
Key Highlights
- Rare opportunity to own two adjacent professional office condominiums.
- Located on the 101 Freeway Corridor.
- Total of 1,588sf between both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,110
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,200
$562.2K
Cap Rate 7%
$401,571
$401.6K
Cap Rate 9%
$312,333
$312.3K
Market Conditions
NOI Build-Up for 1,588 SF
Gross rent
$41.9K $26.40/SF
− Vacancy
−$4.4K −$2.80/SF
EGI
$37.5K $23.60/SF
− OpEx
−$9.4K −$5.90/SF
NOI
$28.1K $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 Rate 5%
$562,200
Cap Rate 7%
$401,571
Cap Rate 9%
$312,333
Alternative Uses
Best Use
Office B
$401.6K
$351.4K – $468.5K
NOI $28,110 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.2K
$477.0K – $636.0K
NOI $38,161 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
Explore this area
Business Placement
Demographics for 93010, CA
46,223
Population
17,315
Households
2.7
Avg Household Size
42
Median Age
40%
College-Educated
93%
High-School Grad
22.0 sq mi
ZIP Area
2,101
Density / Sq Mi
$108,538
Median Household Income
$50,309
Median Earnings
$2,455
Median Rent
$809,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two office condominiums near amenities and services, one leased.
Where is this office unit located?
The property is located at 340 Rosewood Ave Camarillo, 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: Rare opportunity to own two adjacent professional office condominiums.; Located on the 101 Freeway Corridor.; Total of 1,588sf between both units.
