Oxnard Mixed-Use Property
For Sale
$389,000
932 W Wooley Rd, Oxnard, CA 93030
High-traffic location suitable for retail, residential, or cannabis dispensary.
Property Size1,920 SF
Lot Size0.09 Acres
Price / SF$194.50
Days on Market165
Property Features for 932 W Wooley Rd
General Information
Standard status
Active
Size
1,920 SF
Lot size
0.09 Acres
Property subtype
Commercial
Building Details
Building Size
1,920 SF
Year Built
1946
Listing Agency:
(805) 331-0897
Listed By:
Victor Ipatzi
(805) 331-0897
Source:
Elliman
Added: Mar 11
Changed: Aug 16
Last Checked: Aug 21 at 8:16AM
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 Victor Ipatzi
Investment Insights
Based on property information with market context.
This property, situated within the city's approved Cannabis Dispensary Retail Site/Map, presents an opportunity for investors or business owners. Zoned C2PD for Retail & Residential Mix Use, the location offers various business and residential possibilities. The property features approximately 2,000 sq ft of interior space. Previously used as a duplex (4+1 & 2+1) for over 15 years, it has the potential to generate monthly rental income. The property includes rear parking, alley access, and security lighting. It is located near restaurants, shopping, schools, and parks. The property is centrally located in Oxnard, a few miles from the city's beaches and a short distance from the Pacific Coast Highway and Oxnard's Downtown Plaza.
Key Highlights
- Located within city's approved Cannabis Dispensary Retail Site/Map.
- C2PD Zoned for Retail & Residential Mix Use.
- Near 2,000 sq ft of interior space.
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
$29,670
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
7.63%
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%
$593,400
$593.4K
Cap Rate 7%
$423,857
$423.9K
Cap Rate 9%
$329,667
$329.7K
Market Conditions
NOI Build-Up for 2,000 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
$51.6K $25.80/SF
− Vacancy
−$4.1K −$2.06/SF
EGI
$47.5K $23.74/SF
− OpEx
−$17.8K −$8.90/SF
NOI
$29.7K $14.84/SF
Area
Oxnard, CA
Vacancy
8.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
37.50%
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%
$593,400
Cap Rate 7%
$423,857
Cap Rate 9%
$329,667
Alternative Uses
Best Use
Mixed Use
$423.9K
$370.9K – $494.5K
NOI $29,670 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.7K
$571.1K – $761.5K
NOI $45,691 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
Explore this area
Business Placement
Demographics for 93030, CA
59,011
Population
15,966
Households
3.7
Avg Household Size
33
Median Age
19%
College-Educated
70%
High-School Grad
14.1 sq mi
ZIP Area
4,185
Density / Sq Mi
$90,067
Median Household Income
$36,217
Median Earnings
$1,853
Median Rent
$639,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Cannabis property - High-traffic location suitable for retail, residential, or cannabis dispensary.
Where is this cannabis property located?
The property is located at 932 W Wooley Rd Oxnard, CA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Located within city's approved Cannabis Dispensary Retail Site/Map.; C2PD Zoned for Retail & Residential Mix Use.; Near 2,000 sq ft of interior space.
