Updated Office
For Sale
$1,300,000
680 Walnut Street, Moorpark, CA 93021
Updated professional office with private rooms, collaborative workspace, and gated on-site parking.
Property Size2,400 SF
Price / SF$527.60
Days on Market174
Property Features for 680 Walnut Street
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
9
Property subtype
Office
Additional Details
Office Units
1
Amenities
Electric
3
Flat, Asphalt
8 Parking Spaces.
Building Details
Year Built
1950
Buildings
1
Building Size
2,400 SF
Listing Agency:
(805) 529-3900
Listed By:
Royal Real Estate
Source:
Xome
Added: Mar 10
Changed: Aug 29
Last Checked: Aug 29 at 5:06PM
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 Royal Real Estate
Investment Insights
Based on property information with market context.
This 2,464-square-foot office building in downtown Moorpark combines a traditional exterior with extensive interior and exterior improvements. The layout includes four private offices, a conference room, open work areas, two restrooms, and a remodeled kitchen with upgraded cabinetry and quartz countertops. Recent work includes a new roof, flooring, interior paint, baseboards, stucco, exterior paint, and brickwork.
Built in 1950, the property is located near downtown restaurants, shops, and local amenities. A gated parking lot provides on-site parking and added security. The building is in close proximity to established commercial and community services and offers a professionally configured setting for office occupancy.
Built in 1950, the property is located near downtown restaurants, shops, and local amenities. A gated parking lot provides on-site parking and added security. The building is in close proximity to established commercial and community services and offers a professionally configured setting for office occupancy.
Key Highlights
- 2,464 SF office building in downtown Moorpark
- Four private offices plus one conference room
- Open workspace supports staff or collaborative areas
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
$43,616
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
3.36%
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%
$872,320
$872.3K
Cap Rate 7%
$623,086
$623.1K
Cap Rate 9%
$484,622
$484.6K
Market Conditions
NOI Build-Up for 2,464 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
$65.0K $26.40/SF
− Vacancy
−$6.9K −$2.80/SF
EGI
$58.2K $23.60/SF
− OpEx
−$14.5K −$5.90/SF
NOI
$43.6K $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%
$872,320
Cap Rate 7%
$623,086
Cap Rate 9%
$484,622
Alternative Uses
Best Use
Office B
$623.1K
$545.2K – $726.9K
NOI $43,616 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$845.9K
$740.2K – $986.9K
NOI $59,212 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Office building - Updated professional office with private rooms, collaborative workspace, and gated on-site parking.
Where is this office building located?
The property is located at 680 Walnut Street Moorpark, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,464 SF office building in downtown Moorpark; Four private offices plus one conference room; Open workspace supports staff or collaborative areas
