AutoZone NNN Automotive
For Sale
Contact for pricing
453 West Los Angeles Avenue, Moorpark, CA 93021
Freestanding automotive retail asset occupied by AutoZone under an NNN lease structure.
Property Size5,000 SF
Price / SF$455
Days on Market13
Property Features for 453 West Los Angeles Avenue
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$113,760
Building Details
Year Built
1997
Year Renovated
2023
Units
1
Tenancy
Single
Listing Agency:
ASU Commercial
(661) 616-3567
Listed By:
Martin Starr · License #CA 01179469
Source:
Crexi
Added: Jul 28
Changed: Aug 9
Last Checked: Aug 9 at 3:40AM
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 ASU Commercial
Investment Insights
Based on property information with market context.
This 5,000-square-foot automotive retail property was built in 1997 and is occupied by AutoZone. The asset is identified as an NNN property, combining an automotive-oriented retail use with a net lease structure.
The property is located at 453 West Los Angeles Avenue in Moorpark, California 93021. Its established tenant and automotive retail positioning define the asset within the commercial property market.
The property is located at 453 West Los Angeles Avenue in Moorpark, California 93021. Its established tenant and automotive retail positioning define the asset within the commercial property market.
Key Highlights
- AutoZone‑occupied automotive retail property
- NNN lease structure
- 5,000 square feet of building area
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
$80,052
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
3.52%
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%
$1,601,040
$1.6M
Cap Rate 7%
$1,143,600
$1.1M
Cap Rate 9%
$889,467
$889.5K
Market Conditions
NOI Build-Up for 5,000 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
$120.0K $24.00/SF
− Vacancy
−$5.6K −$1.13/SF
EGI
$114.4K $22.87/SF
− OpEx
−$34.3K −$6.86/SF
NOI
$80.1K $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%
$1,601,040
Cap Rate 7%
$1,143,600
Cap Rate 9%
$889,467
Alternative Uses
Best Use
Retail
$1.14M
$1.00M – $1.33M
NOI $80,052 @ 7.0% cap · market cap 3.52%
Second Best
Industrial
$728.1K
$637.1K – $849.4K
NOI $50,964 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,154 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
191k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 26%
Groceries 23%
Home Improvements & Furnishings 8%
Ralphs
Groceries
31,809 visits/mo
0.3 miles
76
Shops & Services
17,246 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
15,091 visits/mo
0.2 miles
Taco Bell
Dining
13,752 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,401 visits/mo
0.1 miles
Demographics for 93021, CA
38,103
Population
12,103
Households
3.1
Avg Household Size
39
Median Age
45%
College-Educated
91%
High-School Grad
47.8 sq mi
ZIP Area
797
Density / Sq Mi
$149,848
Median Household Income
$55,770
Median Earnings
$2,651
Median Rent
$862,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Automotive property - Freestanding automotive retail asset occupied by AutoZone under an NNN lease structure.
Where is this automotive property located?
The property is located at 453 West Los Angeles Avenue Moorpark, CA.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: AutoZone‑occupied automotive retail property; NNN lease structure; 5,000 square feet of building area
