Camarillo Office Building For
For Sale
Contact for pricing
Pending
815c Camarillo Springs Rd, Camarillo, CA 93012
Office building in a professional business park, ready for occupancy.
Property Size6,560 SF
Days on Market794
Property Features for 815c Camarillo Springs Rd
General Information
Standard status
Pending
Size
6,560 SF
Class
B
Total Parking Spaces
26
Property subtype
Office
Zoning
PO
Lease Type
Modified Gross
Building Details
Year Built
2004
Buildings
1
Stories
1
Units
1
Listing Agency:
Marcus & Millichap Ventura
Listed By:
Gary Cohen · License #00988655
(818) 804-1227
Source:
Crexi
Added: Jul 1, 2024
Changed: Aug 23
Last Checked: Sep 1 at 10:53PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Below Replacement Cost
- Available for Immediate Occupancy
- Divisible into 2 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
$116,120
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
8.64%
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%
$2,322,400
$2.3M
Cap Rate 7%
$1,658,857
$1.7M
Cap Rate 9%
$1,290,222
$1.3M
Market Conditions
NOI Build-Up for 6,560 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
$173.2K $26.40/SF
− Vacancy
−$18.4K −$2.80/SF
EGI
$154.8K $23.60/SF
− OpEx
−$38.7K −$5.90/SF
NOI
$116.1K $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%
$2,322,400
Cap Rate 7%
$1,658,857
Cap Rate 9%
$1,290,222
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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?
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
