Camarillo Office Building For
815c Camarillo Springs Rd, Camarillo, CA 93012
Office building in a professional business park, ready for occupancy.
Type:Office
Property size:
6,560 SFPrice / SF:
$204/SF- Added:
- Jul 1, 2024
- Days on Market:
- 703
- Last Refresh:
- May 12 at 8:54 pm
Property Features for 815c Camarillo Springs Rd
General Information
- Standard status
- Active
- Size
- 6,560 SF
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing agent Gary Cohen License #00988655
Listing office Marcus & Millichap Ventura
Listing date Jul 1, 2024
Source Crexi
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 Marcus & Millichap Ventura
HighLights
- Below Replacement Cost
- Available for Immediate Occupancy
- Divisible into 2 Units
- Great 101 Freeway Visibility
- Large Open Floor Plan with Windows on three sides
- Quiet, Serene Professional Business Park
Overview
This 6,560 square foot office building is available for immediate occupancy and offers an owner-user opportunity below replacement cost. Situated in a quiet and serene professional business park, the property benefits from the Property Owner’s Association (POA) which maintains landscaping, the parking lot, roof, and HVAC systems. The POA fee is approximately $1,650 per month, which equates to $0.25 per square foot. The building features visibility from the 101 Freeway. The interior layout includes two private offices, a large conference room, a breakroom, two restrooms, a server room, and a large open floor plan with windows on three sides. The space is divisible into two units.
Local 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 | $173.2k | $26.40 |
| − Vacancy | −$18.4k | −$2.80 |
| EGI | $154.8k | $23.60 |
| − OpEx | −$38.7k | −$5.90 |
| NOI | $116.1k | $17.70 |
6,560 SF · lease $26.40/SF/yr · vacancy 10.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,120 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,642 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Georgia Driver
Training Center
Location Insight
- Map
- Local Demand
- City
- Camarillo
- County
- Ventura
- State
- California
- Longitude
- -118.9850662
- Latitude
- 34.2043984
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Office building in a professional business park, ready for occupancy.
Where is this office building located?
The property is located at 815c Camarillo Springs Rd Camarillo, CA.
What is the asking price?
The asking price for this property is $1,344,500.
What are key features of this property?
This property features: Below Replacement Cost; Available for Immediate Occupancy; Divisible into 2 Units
