Flex Space with
For Sale
$1,115,000
6085 King Dr Unit 108, Ventura, CA 93003
Versatile industrial condominium with a roll-up door, private office, half bath, built-in storage, and on-site parking.
Property Size2,989 SF
Price / SF$373.03
Days on Market18
Property Features for 6085 King Dr Unit 108
General Information
Standard status
Active
Size
2,989 SF
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
121 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1993
Listing Agency:
LIV Sotheby's International Realty
(805) 444-7874
Listed By:
Amy Hall · License #01957427
Source:
Myfabuloushome
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 30 at 5:03PM
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 LIV Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 2,989-square-foot industrial condominium provides an adaptable workspace with an open interior, multiple skylights, and a large roll-up door. The configuration accommodates equipment, oversized tools, RVs, yachts, trailers, and multiple vehicles. A formal glass entry leads to a private 11-by-11 office, while a half bath, built-in shelving, and existing work benches support day-to-day operations.
The property is located at 6085 King Dr Unit 108 in Ventura, near the Buenaventura Golf Course and just off Olivas Park Drive. Highway 101 is approximately five minutes away. The surrounding commercial corridor includes light industrial, business park, automotive, marine, and recreational uses. Ample parking is available outside the unit.
The property is located at 6085 King Dr Unit 108 in Ventura, near the Buenaventura Golf Course and just off Olivas Park Drive. Highway 101 is approximately five minutes away. The surrounding commercial corridor includes light industrial, business park, automotive, marine, and recreational uses. Ample parking is available outside the unit.
Key Highlights
- 2,989 SF industrial condominium
- Multiple skylights provide natural light
- Roll‑up door accommodates RVs, yachts, trailers, equipment, and vehicles
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
$60,580
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
5.43%
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%
$1,211,600
$1.2M
Cap Rate 7%
$865,429
$865.4K
Cap Rate 9%
$673,111
$673.1K
Market Conditions
NOI Build-Up for 2,989 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
$77.1K $25.80/SF
− Vacancy
−$5.8K −$1.96/SF
EGI
$71.3K $23.84/SF
− OpEx
−$10.7K −$3.58/SF
NOI
$60.6K $20.27/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
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%
$1,211,600
Cap Rate 7%
$865,429
Cap Rate 9%
$673,111
Alternative Uses
Best Use
Warehouse
$865.4K
$757.3K – $1.01M
NOI $60,580 @ 7.0% cap · market cap 5.43%
Second Best
Industrial
$712.7K
$623.6K – $831.5K
NOI $49,890 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,315 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial condominium with a roll-up door, private office, half bath, built-in storage, and on-site parking.
Where is this flex space located?
The property is located at 6085 King Dr Unit 108 Ventura, CA.
What is the asking price?
The asking price for this property is $1,115,000.
What are key features of this property?
This property features: 2,989 SF industrial condominium; Multiple skylights provide natural light; Roll‑up door accommodates RVs, yachts, trailers, equipment, and vehicles
