5397 N Commerce Ave., Moorpark, CA 93021

Building Details

Building Size 31,055 SF More

Year Built 1976 More

Listing Agency: Lee & Associates - LA North - Westlake Village

Listed By: Ryan Pelino · License CA #02223932 Show Phone

Source: Lee-associates

Added: Nov 8 Changed: Nov 13 Last Checked: Nov 12 at 5:55AM

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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 Lee & Associates - LA North - Westlake Village

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Investment Insights

Based on property information with market context.

The renovated warehouse contains 31,055 square feet on a 1.687-acre corner lot. Building features include heavy power, two ground-level loading docks and a secured yard, with truck access to the facility.

The property is at 5397 N Commerce Ave in Moorpark, California, near retail amenities. It is offered for sale or lease.

Key Highlights

• 31,055‑square‑foot industrial building on a 1.687‑acre corner lot
• Renovated warehouse with heavy power
• Two ground‑level loading docks and truck access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$384,370

Cap Rate

5.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,687,400 $7.7M

Cap Rate 7%

$5,491,000 $5.5M

Cap Rate 9%

$4,270,778 $4.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 31,055 SF

Gross rent

$477.0K $15.36/SF

− Vacancy

−$24.8K −$0.80/SF

EGI

$452.2K $14.56/SF

− OpEx

−$67.8K −$2.18/SF

NOI

$384.4K $12.38/SF

Area

Ventura County, CA

Vacancy

5.20%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,687,400

Cap Rate 7%

$5,491,000

Cap Rate 9%

$4,270,778

Alternative Uses

Best Use

Warehouse

$5.49M

$4.80M – $6.41M (±1% cap)

NOI $384,370 @ 7.0% cap · market cap 5.49%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$10.66M

$9.33M – $12.44M (±1% cap)

NOI $746,274 @ 7.0% cap · market cap 10.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

A Rental Connection Party Supply Store Hooper Custom RV ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Hair Salon Parking Lot & Garage Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Yes

Heavy power

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

Average Price Trend$/SF for Warehouses in Ventura County, CA

$329 Jul

$295 Aug

$349 Sep

$373 Oct

Properties on Market for Warehouses in Ventura County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - A corner-site facility offers ground-level loading and truck access alongside a secured outdoor yard.

Where is this warehouse 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: 31,055‑square‑foot industrial building on a 1.687‑acre corner lot; Renovated warehouse with heavy power; Two ground‑level loading docks and truck access