Flex Warehouse with Office
5397 N Commerce Ave Moorpark, CA 93021
For Sale
Contact for pricing
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 Market81
Property Features for 5397 N Commerce Ave
General Information
- Standard status
- Active
- Size
- 31,055 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing Agency:
Northmarq Capital, LLC
Listed By:
Anthony Cohen · License #CA 02097395
Source:
Crexi
Added: May 5
Changed: Jul 23
Last Checked: Jul 24 at 9:14AM
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 For Office B
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 | $819.9k | $26.40 |
| − Vacancy | −$86.9k | −$2.80 |
| EGI | $732.9k | $23.60 |
| − OpEx | −$183.2k | −$5.90 |
| NOI | $549.7k | $17.70 |
31,055 SF · lease $26.40/SF/yr · vacancy 10.60% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Rental Connection
Party Supply Store
Hooper Custom RV ...
Auto Repair Shop
Similar Off Market Nearby
- Command Performance Catering — 5273 N Commerce Ave #6, Moorpark, CA 93021
- Special Orders - Disgustingly Delicious - Moorpark Bakery — 252 w los angeles ave, moorpark, ca 93021
- Brick and Brass — 5273 N Commerce Ave Unit 10, Moorpark, CA 93021
FAQs
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
