Flex Warehouse with Office
For Sale
Contact for pricing
5397 N Commerce Ave, Moorpark, CA 93021
Vacant, recently renovated flex facility with high-power warehouse space and professional office build-out on a corner parcel.
Property Size31,055 SF
Price / SF$225.41
Days on Market127
Property Features for 5397 N Commerce Ave
General Information
Standard status
Active
Size
31,055 SF
Class
B
Total Parking Spaces
67
Property subtype
Industrial
Zoning
M2
Investment Type
Owner/User
Building Details
Year Built
1986
Year Renovated
2026
Buildings
1
Units
1
Listing Agency:
Northmarq Capital, LLC
Listed By:
Anthony Cohen · License #CA 02097395
Source:
Crexi
Added: May 5
Changed: Sep 6
Last Checked: Sep 8 at 5:41AM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This flex-style industrial facility offers a combined layout of warehouse and professional office space, delivered vacant and recently renovated. The property includes 23,653 square feet of high-power warehouse space along with 7,402 square feet of professional office build-out.
Set on a 1.68-acre corner parcel at 5397 N Commerce Ave, the building provides dual-street exposure intended to support visibility. The offering is presented for sale or lease, providing an immediate, turnkey setup for an owner-user or investor.
The property is available as a single, combined facility with both warehousing and office improvements in place, designed to accommodate operations requiring onsite professional space alongside warehouse capacity.
Set on a 1.68-acre corner parcel at 5397 N Commerce Ave, the building provides dual-street exposure intended to support visibility. The offering is presented for sale or lease, providing an immediate, turnkey setup for an owner-user or investor.
The property is available as a single, combined facility with both warehousing and office improvements in place, designed to accommodate operations requiring onsite professional space alongside warehouse capacity.
Key Highlights
- Vacant, recently renovated industrial flex facility at 5397 N Commerce Ave in Moorpark, CA
- 23,653 SF high‑power warehouse space plus 7,402 SF professional office build‑out
- 1.68‑acre corner parcel with dual‑street exposure
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
$549,711
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
7.85%
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%
$10,994,220
$11.0M
Cap Rate 7%
$7,853,014
$7.9M
Cap Rate 9%
$6,107,900
$6.1M
Market Conditions
NOI Build-Up for 31,055 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
$819.9K $26.40/SF
− Vacancy
−$86.9K −$2.80/SF
EGI
$732.9K $23.60/SF
− OpEx
−$183.2K −$5.90/SF
NOI
$549.7K $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%
$10,994,220
Cap Rate 7%
$7,853,014
Cap Rate 9%
$6,107,900
Alternative Uses
Best Use
Office B
$7.85M
$6.87M – $9.16M
NOI $549,711 @ 7.0% cap · market cap 7.85%
Second Best
Warehouse
$5.49M
$4.80M – $6.41M
NOI $384,370 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$10.66M
$9.33M – $12.44M
NOI $746,274 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Special Orders - Disgustingly Delicious - Moorpark Bakery — 252 w los angeles ave, moorpark, ca 93021
- Command Performance Catering — 5273 N Commerce Ave #6, Moorpark, CA 93021
- Brick and Brass — 5273 N Commerce Ave Unit 10, Moorpark, CA 93021
Frequently Asked Questions
What type of property is this?
Flex space - Vacant, recently renovated flex facility with high-power warehouse space and professional office build-out on a corner parcel.
Where is this flex space located?
The property is located at 5397 N Commerce Ave Moorpark, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Vacant, recently renovated industrial flex facility at 5397 N Commerce Ave in Moorpark, CA; 23,653 SF high‑power warehouse space plus 7,402 SF professional office build‑out; 1.68‑acre corner parcel with dual‑street exposure
