Flex Space
For Sale
$749,000
4475 Dupont Court, Ventura, CA 93003
Industrial, Ventura, CA
Property Size2,024 SF
Price / SF$370.06
Days on Market31
Property Features for 4475 Dupont Court
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
VC25 - Ventura-Mills-Vict
Standard status
Active
APN
0840190035
Utilities
Cooling system
Central Air
Building Details
Year built
1985
Listing Agency:
RE/MAX Gold Coast REALTORS · RE/MAX International
(805) 339-3500
Listed By:
Erik Moen · License #01747884
(805) 453-5566
Added: Aug 3
Changed: Aug 31
Last Checked: Sep 2 at 12:06PM
MLS# V1-37978
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial condominium combines approximately 2,024 square feet of office and warehouse area within a two-level configuration. The warehouse includes an approximately 10' x 12' roll-up door, ceilings exceeding 15 feet, and elevated storage on the second story. Central air and one restroom are also included.
The property is located at 4475 Dupont Court in Ventura, with parking available at the front and rear of the complex. Additional street parking is available along Goodyear Avenue. Access to the 101 and 126 freeways provides connectivity to the surrounding Ventura commercial area. Built in 1985, the unit offers a practical combination of office, warehouse, loading, and storage features.
The property is located at 4475 Dupont Court in Ventura, with parking available at the front and rear of the complex. Additional street parking is available along Goodyear Avenue. Access to the 101 and 126 freeways provides connectivity to the surrounding Ventura commercial area. Built in 1985, the unit offers a practical combination of office, warehouse, loading, and storage features.
Key Highlights
- Approximately 2,024 square feet of office and warehouse space
- Approximately 10' x 12' roll‑up door
- Warehouse ceilings over 15 feet high
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
$41,022
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
5.48%
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%
$820,440
$820.4K
Cap Rate 7%
$586,029
$586.0K
Cap Rate 9%
$455,800
$455.8K
Market Conditions
NOI Build-Up for 2,024 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
$52.2K $25.80/SF
− Vacancy
−$4.0K −$1.96/SF
EGI
$48.3K $23.84/SF
− OpEx
−$7.2K −$3.58/SF
NOI
$41.0K $20.27/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
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%
$820,440
Cap Rate 7%
$586,029
Cap Rate 9%
$455,800
Alternative Uses
Best Use
Office B
$1.02M
$890.0K – $1.19M
NOI $71,203 @ 7.0% cap · market cap 9.51%
Second Best
Warehouse
$586.0K
$512.8K – $683.7K
NOI $41,022 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,534 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
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 - Office and warehouse areas provide adaptable commercial functionality with central air, a restroom, and on-site parking.
Where is this flex space located?
The property is located at 4475 Dupont Court Ventura, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 2,024 square feet of office and warehouse space; Approximately 10' x 12' roll‑up door; Warehouse ceilings over 15 feet high
