Freeway Corridor Professional Office
For Sale
Contact for pricing
340 Rosewood Ave, Camarillo, CA 93010
Two office condominiums near amenities and services, one leased.
Property Size1,588 SF
Price / SF$283.38
Days on Market846
Property Features for 340 Rosewood Ave
General Information
Standard status
Active
Size
1,588 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Units
2
Listing Agency:
Becker Group
Listed By:
Matt Kingsley · License #CA 01969878
(415) 851-3454
Source:
Crexi
Added: May 10, 2024
Changed: Aug 26
Last Checked: Sep 2 at 5:16AM
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 Becker Group
Investment Insights
Based on property information with market context.
This is a rare opportunity to own two professional office condominiums situated on the 101 Freeway Corridor. The office condominiums are adjacent to each other. Unit C is currently leased, while Unit D is vacant. Unit C features a floorplan that includes two private offices and a reception area. Unit D's floorplan includes three private offices with multiple entry points and a reception area. The location offers convenient access to amenities, services, and restaurants. Unit C has a size of 660 square feet (APN: 164-0-210-015), and Unit D has a size of 928 square feet (APN: 164-0-210-025), resulting in a total area of 1,588 square feet. The combined association fee for both units is $857.64.
Key Highlights
- Rare opportunity to own two adjacent professional office condominiums.
- Located on the 101 Freeway Corridor.
- Total of 1,588sf between both units.
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
$28,110
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
6.25%
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%
$562,200
$562.2K
Cap Rate 7%
$401,571
$401.6K
Cap Rate 9%
$312,333
$312.3K
Market Conditions
NOI Build-Up for 1,588 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
$41.9K $26.40/SF
− Vacancy
−$4.4K −$2.80/SF
EGI
$37.5K $23.60/SF
− OpEx
−$9.4K −$5.90/SF
NOI
$28.1K $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%
$562,200
Cap Rate 7%
$401,571
Cap Rate 9%
$312,333
Alternative Uses
Best Use
Office B
$401.6K
$351.4K – $468.5K
NOI $28,110 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.2K
$477.0K – $636.0K
NOI $38,161 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
Explore this area
Business Placement
Demographics for 93010, CA
46,223
Population
17,315
Households
2.7
Avg Household Size
42
Median Age
40%
College-Educated
93%
High-School Grad
22.0 sq mi
ZIP Area
2,101
Density / Sq Mi
$108,538
Median Household Income
$50,309
Median Earnings
$2,455
Median Rent
$809,900
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 units - Two office condominiums near amenities and services, one leased.
Where is this office units located?
The property is located at 340 Rosewood Ave Camarillo, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Rare opportunity to own two adjacent professional office condominiums.; Located on the 101 Freeway Corridor.; Total of 1,588sf between both units.
