Freestanding Flex Industrial
For Sale
Contact for pricing
900 Flynn Rd, Camarillo, CA 93012
Freestanding industrial property with adaptable offices, extensive glazing, substantial power, and proximity to the 101 Fwy.
Property Size22,300 SF
Price / SF$275
Days on Market970
Property Features for 900 Flynn Rd
General Information
Standard status
Active
Size
22,300 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
22 ft
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Buildings
1
Listing Agency:
Lee & Associates
(805) 626-1212
Listed By:
Grant Harris · License #01029619
(805) 626-1212
Source:
Moodyscre
Added: Jan 3, 2024
Changed: Aug 29
Last Checked: Aug 29 at 8:28PM
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
Investment Insights
Based on property information with market context.
This freestanding flex property contains 22,300 square feet and combines industrial functionality with an adaptable office layout featuring extensive glass. A 24' x 14' loading door supports material handling, while the building offers approximately 22' of minimum clear height for a range of operational requirements.
Electrical infrastructure includes 600 amps with 277/480V power distribution. The property is located near the 101 Fwy, providing convenient access for industrial users and business operations.
Electrical infrastructure includes 600 amps with 277/480V power distribution. The property is located near the 101 Fwy, providing convenient access for industrial users and business operations.
Key Highlights
- 22,300‑square‑foot freestanding flex industrial building
- Flexible office design with extensive glass
- 24' x 14' loading door
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
$394,737
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
6.44%
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%
$7,894,740
$7.9M
Cap Rate 7%
$5,639,100
$5.6M
Cap Rate 9%
$4,385,967
$4.4M
Market Conditions
NOI Build-Up for 22,300 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
$588.7K $26.40/SF
− Vacancy
−$62.4K −$2.80/SF
EGI
$526.3K $23.60/SF
− OpEx
−$131.6K −$5.90/SF
NOI
$394.7K $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%
$7,894,740
Cap Rate 7%
$5,639,100
Cap Rate 9%
$4,385,967
Alternative Uses
Best Use
Office B
$5.64M
$4.93M – $6.58M
NOI $394,737 @ 7.0% cap · market cap 6.44%
Second Best
Warehouse
$3.94M
$3.45M – $4.60M
NOI $276,009 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$7.66M
$6.70M – $8.93M
NOI $535,885 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93012, CA
37,550
Population
14,399
Households
2.6
Avg Household Size
44
Median Age
49%
College-Educated
95%
High-School Grad
50.1 sq mi
ZIP Area
750
Density / Sq Mi
$122,110
Median Household Income
$63,221
Median Earnings
$2,790
Median Rent
$794,400
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?
Flex space - Freestanding industrial property with adaptable offices, extensive glazing, substantial power, and proximity to the 101 Fwy.
Where is this flex space located?
The property is located at 900 Flynn Rd Camarillo, CA.
What is the asking price?
The asking price for this property is $6,132,500.
What are key features of this property?
This property features: 22,300‑square‑foot freestanding flex industrial building; Flexible office design with extensive glass; 24' x 14' loading door
