Prime Retail Center For
For Sale
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431 W Channel Islands Blvd, Port Hueneme, CA 93041
Retail center with frontage exposure on Channel Islands Blvd.
Property Size10,845 SF
Price / SF$260.49
Days on Market1301
Property Features for 431 W Channel Islands Blvd
General Information
Standard status
Active
Size
10,845 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Units
6
Tenancy
Multi
Listing Agency:
Central Coast Properties
(805) 389-6803
Listed By:
Curtis W. Guntner · License #CA
Source:
Crexi
Added: Feb 8, 2023
Changed: Aug 23
Last Checked: Aug 31 at 7:23AM
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 Central Coast Properties
Investment Insights
Based on property information with market context.
This retail center is available for purchase for the first time. The property features frontage exposure to Channel Islands Boulevard, a corridor running through the City of Oxnard and Port Hueneme, toward the Pacific Ocean and Harbor. The building's architecture incorporates Spanish Colonial Revival elements, including tile roof accents, arches, and a brick facade. The property offers value-add potential. The property has a size of 10845 square feet. This property can be purchased together with a similar property next door.
Key Highlights
- Prime retail center location with frontage exposure to Channel Islands Blvd.
- First time on the market.
- Unique Spanish Colonial Revival architecture.
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
$173,633
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
6.15%
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%
$3,472,660
$3.5M
Cap Rate 7%
$2,480,471
$2.5M
Cap Rate 9%
$1,929,256
$1.9M
Market Conditions
NOI Build-Up for 10,845 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
$260.3K $24.00/SF
− Vacancy
−$12.2K −$1.13/SF
EGI
$248.0K $22.87/SF
− OpEx
−$74.4K −$6.86/SF
NOI
$173.6K $16.01/SF
Area
Ventura County, CA
Vacancy
4.70%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,472,660
Cap Rate 7%
$2,480,471
Cap Rate 9%
$1,929,256
Alternative Uses
Best Use
Retail
$2.48M
$2.17M – $2.89M
NOI $173,633 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.72M
$3.26M – $4.34M
NOI $260,613 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93041, CA
22,918
Population
9,083
Households
2.5
Avg Household Size
34
Median Age
22%
College-Educated
81%
High-School Grad
5.9 sq mi
ZIP Area
3,884
Density / Sq Mi
$75,836
Median Household Income
$38,995
Median Earnings
$2,159
Median Rent
$555,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with frontage exposure on Channel Islands Blvd.
Where is this shopping center located?
The property is located at 431 W Channel Islands Blvd Port Hueneme, CA.
What is the asking price?
The asking price for this property is $2,825,000.
What are key features of this property?
This property features: Prime retail center location with frontage exposure to Channel Islands Blvd.; First time on the market.; Unique Spanish Colonial Revival architecture.
