Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Moorpark Warehouse with Secured Yard Title is generated by Realmo AI

    5155 Goldman Ave, Moorpark, CA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Renovated warehouse with large, secured yard and high ceilings.

    Type:INDUSTRIAL
    Property size:
    53,756 SF
    Lot size:
    2.55 Acres
    Price / SF:
    $212/SF
    Added:
    Mar 14, 2024
    Days on Market:
    815
    Last Refresh:
    May 19 at 8:41 pm

    Property Features for 5155 Goldman Ave

    General Information

    Standard status
    Active
    Size
    53,756 SF
    Lot size
    2.55 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    John DeGrinis, SIOR

    Listing agent John DeGrinis, SIOR License #00918958

    Listing office Newmark

    Listing date Mar 14, 2024

    Source Moodyscre

    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 Newmark

    HighLights

    • Extensive renovations recently completed
    • Large rear fenced secured yard area
    • 1,600 Amps, 277/480 Volts
    • Benefit from 22‑foot ceilings
    • 4 DH Doors - 1 GL Door
    • LED lighting in warehouse

    Overview

    This property, located in Moorpark, California, is available for sale and presents an ideal opportunity for an owner/user. The property features extensive renovations that have been recently completed. It includes a large, fenced, and secured yard area at the rear. The warehouse is equipped with four dock-high doors and one grade-level door. The interior boasts 22-foot ceilings and LED lighting throughout the warehouse. The electrical system provides 1,600 amps at 277/480 volts. The property has a size of 53,756 square feet.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $825.7k $15.36
    − Vacancy −$42.9k −$0.80
    EGI $782.8k $14.56
    − OpEx −$117.4k −$2.18
    NOI $665.3k $12.38
    53,756 SF · lease $15.36/SF/yr · vacancy 5.20% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $9.50M
    $8.32M – $11.09M (±1% cap)
    NOI $665,343 @ 7.0% cap · market cap 5.84%
    Second Best
    Industrial
    $7.83M
    $6.85M – $9.13M (±1% cap)
    NOI $547,929 @ 7.0% cap · market cap 4.81%
    Theoretical Best
    Office A
    $18.45M
    $16.15M – $21.53M (±1% cap)
    NOI $1,291,795 @ 7.0% cap · market cap 11.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harris Flooring Group General Contractor Naturally Aged Flooring Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Public Storage — 875 W Los Angeles Ave, Moorpark, CA 93021
    • A to Z Self Storage — 5060 Goldman Ave, Moorpark, CA 93021
    • Moorpark Self Storage — 12160 Poindexter Ave, Moorpark, CA 93021

    Location Insight

    • Map
    • Local Demand
    City
    Moorpark
    County
    Ventura
    State
    California
    Longitude
    -118.894
    Latitude
    34.2803

    Nearby Similar for Sale

    • $3,900,000

      81-Acre Orchard with Panoramic Views

      Prime Moorpark property with avocado and lemon orchards.
      15295 Middle Ranch Rd, Moorpark, CA 93021
      View Details
    • $3,300,000
      8,829 SF

      Retail Space in Mission Meadows

      Located in a busy shopping center near Moorpark High School.
      4209 Tierra Rejada Road, Moorpark, CA, 93021
      View Details
    • Contact for pricing

      Moorpark Shell Station Ground Lease

      NNN leased Shell station with 7-Eleven guarantee in affluent Moorpark.
      301 W Los Angeles Ave, Moorpark, CA 93021
      View Details
    • $7,030,000
      20,094 SF

      Industrial Condo in Moorpark

      High-end industrial condo with office space and freeway access.
      868 Patriot Drive, Moorpark, CA, 93021
      View Details
    • $3,618,180
      11,812 SF

      Fully Leased Mixed-Use Property

      Mixed-use property with two units, currently fully leased.
      11953 Challenger Ct, Moorpark, CA 93021
      View Details
    • $10,500,000
      21,597 SF

      Stabilized NNN Investment Shopping Center

      Stabilized core investment shopping center with prominent building signage.
      525-549 New Los Angeles Ave, Moorpark, CA
      View Details
    • $1,200,000

      20-Acre Lemon Grove Estate

      Agricultural oasis with established lemon grove in Southern California.
      0 N Grimes Canyon Rd, Moorpark, CA 93021
      View Details
    • $1,996,735
      43 SF

      Freestanding Office/Medical Buildings Available

      Office/medical buildings for lease or sale near Los Robles Hospital.
      882 Patriot Dr. | Moorpark, CA 93021, CA 93021
      View Details
    • $1,996,735
      2,873 SF

      Moorpark Free Standing Office Building

      Free standing office/medical building in Moorpark, CA for sale.
      810 Patriot Dr, Moorpark, CA
      View Details
    • $3,379,785
      4,863 SF

      Moorpark Free Standing Office Building

      Free standing office/medical building in Moorpark, CA for sale.
      850 Patriot Dr, Moorpark, CA
      View Details
    • $3,125,412
      4,497 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building in Moorpark, no common areas.
      840 Patriot Dr, Moorpark, CA
      View Details
    • $4,635,000
      2,300 SF

      Moorpark Shell Gas Station Investment

      NNN leased Shell gas station with 7-Eleven guarantee.
      301 Los Angeles Ave, Moorpark, CA 93021
      View Details

    FAQs

    What type of property is this?
    Warehouse - Renovated warehouse with large, secured yard and high ceilings.
    Where is this warehouse located?
    The property is located at 5155 Goldman Ave Moorpark, CA.
    What is the asking price?
    The asking price for this property is $11,399,000.
    What are key features of this property?
    This property features: Extensive renovations recently completed; Large rear fenced secured yard area; 1,600 Amps, 277/480 Volts
    (818) 618-6955 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John DeGrinis, SIOR
    Real Estate License ID: 00918958
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5155 Goldman Ave, Moorpark, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!