Prime Retail Center For
431 W Channel Islands Blvd, Port Hueneme, CA 93041
Retail center with frontage exposure on Channel Islands Blvd.
Type:Retail
Property size:
10,845 SFPrice / SF:
$260/SF- Added:
- Feb 8, 2023
- Days on Market:
- 1209
- Last Refresh:
- May 19 at 8:57 pm
Property Features for 431 W Channel Islands Blvd
General Information
- Standard status
- Active
- Size
- 10,845 SF
- Property subtype
- Retail
Listing agent Curtis W. Guntner License #CA
Listing office Central Coast Properties
Listing date Feb 8, 2023
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 Central Coast Properties
HighLights
- Prime retail center location with frontage exposure to Channel Islands Blvd.
- First time on the market.
- Unique Spanish Colonial Revival architecture.
- Real upside potential with value‑add opportunities.
- Option to purchase similar property next door.
- Busy corridor location provides access to Oxnard, Port Hueneme, and the Pacific Ocean.
Overview
This retail center is available for purchase for the first time. The property features frontage exposure to Channel Islands Boulevard, a corridor running through the City of Oxnard and Port Hueneme, toward the Pacific Ocean and Harbor. The building's architecture incorporates Spanish Colonial Revival elements, including tile roof accents, arches, and a brick facade. The property offers value-add potential. The property has a size of 10845 square feet. This property can be purchased together with a similar property next door.
Local Financial Insights For Retail
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 | $260.3k | $24.00 |
| − Vacancy | −$12.2k | −$1.13 |
| EGI | $248.0k | $22.87 |
| − OpEx | −$74.4k | −$6.86 |
| NOI | $173.6k | $16.01 |
10,845 SF · lease $24.00/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.48M
$2.17M – $2.89M
NOI $173,633 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.72M
$3.26M – $4.34M
NOI $260,613 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Hueneme Bay Center — 2571 N Ventura Rd, Port Hueneme, CA 93041
- Mandalay Village Marketplace — 529-623 W Channel Islands Blvd, Port Hueneme, CA 93041
- Navy Exchange Main — NBVC 130 23rd Avenue, Ste. 2 Building No. 1512, 130 23rd Ave, Port Hueneme, CA 93043
- Coinstar Kiosk | Bitcoin ATM — 1341 W Channel Islands Blvd, Oxnard, CA 93033
- Coinstar Kiosk | Bitcoin ATM — Kroger - Ralphs Grocery Co, 615 W Channel Islands Blvd, Port Hueneme, CA 93041
Map
- City
- Port Hueneme
- County
- Ventura
- State
- California
- Longitude
- -119.203
- Latitude
- 34.1619
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail center with frontage exposure on Channel Islands Blvd.
Where is this shopping center located?
The property is located at 431 W Channel Islands Blvd Port Hueneme, CA.
What is the asking price?
The asking price for this property is $2,825,000.
What are key features of this property?
This property features: Prime retail center location with frontage exposure to Channel Islands Blvd.; First time on the market.; Unique Spanish Colonial Revival architecture.
