End-Unit Flex
For Sale
$1,170,000
407 Bryant Circle H, Ojai, CA 93023
End unit at Ojai Valley Business Park with office and warehouse space, ample parking, and delivery access via roll-up door.
Property Size2,400 SF
Price / SF$487.50
Days on Market190
Property Features for 407 Bryant Circle H
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
15
Property subtype
Commercial/Industrial
Additional Details
Drive-In Doors
1
Listing Agency:
LIV Sothebys Ojai
(805) 798-2025
Listed By:
Robin Williams · License #01435322
(805) 798-2025
Source:
Exitrealty
Added: Feb 2
Changed: Aug 9
Last Checked: Jun 24 at 4:26AM
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 LIV Sothebys Ojai
Investment Insights
Based on property information with market context.
Unit H at Ojai Valley Business Park is an end unit that combines office and warehouse use in a single layout. The property includes a roll-up door for deliveries and two ADA-compliant bathrooms. The unit is described as having no shared walls, supporting a more self-contained setup. Recent improvements noted include a newly installed roof and solar.
The space is located at 407 Bryant Circle within the business park setting on Bryant Circle. The offering includes ample parking, with 15 spots identified for the unit.
This configuration is well suited for an owner-operator or business that needs both functional warehouse space and dedicated office areas, while also benefiting from straightforward loading through the roll-up door. The end-unit design and dedicated parking help make day-to-day operations more convenient for staff and visitors. Updates such as the newly installed roof and solar add to the property’s readiness for immediate use.
The space is located at 407 Bryant Circle within the business park setting on Bryant Circle. The offering includes ample parking, with 15 spots identified for the unit.
This configuration is well suited for an owner-operator or business that needs both functional warehouse space and dedicated office areas, while also benefiting from straightforward loading through the roll-up door. The end-unit design and dedicated parking help make day-to-day operations more convenient for staff and visitors. Updates such as the newly installed roof and solar add to the property’s readiness for immediate use.
Key Highlights
- End unit (Unit H) at Ojai Valley Business Park on Bryant Circle
- 2,400 SF with a mix of office and warehouse space
- Ample on‑site parking with 15 spots
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
$42,483
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
3.63%
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%
$849,660
$849.7K
Cap Rate 7%
$606,900
$606.9K
Cap Rate 9%
$472,033
$472.0K
Market Conditions
NOI Build-Up for 2,400 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
$63.4K $26.40/SF
− Vacancy
−$6.7K −$2.80/SF
EGI
$56.6K $23.60/SF
− OpEx
−$14.2K −$5.90/SF
NOI
$42.5K $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%
$849,660
Cap Rate 7%
$606,900
Cap Rate 9%
$472,033
Alternative Uses
Best Use
Office B
$606.9K
$531.0K – $708.1K
NOI $42,483 @ 7.0% cap · market cap 3.63%
Second Best
Warehouse
$424.4K
$371.3K – $495.1K
NOI $29,705 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$823.9K
$720.9K – $961.2K
NOI $57,674 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93023, CA
20,937
Population
9,310
Households
2.2
Avg Household Size
50
Median Age
41%
College-Educated
90%
High-School Grad
266.9 sq mi
ZIP Area
78
Density / Sq Mi
$82,298
Median Household Income
$42,389
Median Earnings
$1,831
Median Rent
$888,700
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 - End unit at Ojai Valley Business Park with office and warehouse space, ample parking, and delivery access via roll-up door.
Where is this flex space located?
The property is located at 407 Bryant Circle H Ojai, CA.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: End unit (Unit H) at Ojai Valley Business Park on Bryant Circle; 2,400 SF with a mix of office and warehouse space; Ample on‑site parking with 15 spots
