G-407 Bryant Cir, Ojai, CA 93023

Building Details

Year Built 2006 More

Owner Occupied Yes More

Listing Agency: LIV Sothebys Ojai e***@livsothebysrealty.com Show Phone

Listed By: Erik Wilde · License CA #01461074 Show Phone

Source: Exprealty

Added: Aug 6 Changed: Nov 5 Last Checked: Nov 8 at 6:40AM

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Investment Insights

Based on property information with market context.

This 2,250-square-foot office unit, built in 2006, provides a practical layout for professional operations. The suite includes four private offices, a reception area with secure buzzer entry, an open work area, a dedicated file room, separate men’s and women’s restrooms, and a kitchen/breakroom. The same owner has occupied the space since construction.

Located at G-407 Bryant Cir within Ojai Valley Business Park, the property offers access to on-site parking and Highway 33. The business park is described as a clean, managed setting with established local businesses nearby, providing a professional environment for an office user.

Key Highlights

• 2,250‑square‑foot office unit built in 2006
• Four private offices plus an open work area
• Reception area with secure buzzer entry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,828

Cap Rate

4.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$796,560 $796.6K

Cap Rate 7%

$568,971 $569.0K

Cap Rate 9%

$442,533 $442.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,250 SF

Gross rent

$59.4K $26.40/SF

− Vacancy

−$6.3K −$2.80/SF

EGI

$53.1K $23.60/SF

− OpEx

−$13.3K −$5.90/SF

NOI

$39.8K $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 Rate 5%

$796,560

Cap Rate 7%

$568,971

Cap Rate 9%

$442,533

Alternative Uses

Best Use

Office B

$569.0K

$497.9K – $663.8K (±1% cap)

NOI $39,828 @ 7.0% cap · market cap 4.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$772.4K

$675.9K – $901.2K (±1% cap)

NOI $54,069 @ 7.0% cap · market cap 5.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Auto Parts Store Auto Repair Shop Building Supply Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

972

Businesses Nearby

Explore this area Business Placement

Demographics for 93023, CA

20,937

Population

9,310

Households

2.2

Avg Household Size

50

Median Age

41%

College-Educated

90%

High-School Grad

266.9 sq mi

ZIP Area

78

Density / Sq Mi

$82,298

Median Household Income

$42,389

Median Earnings

$1,831

Median Rent

$888,700

Median Home Value

Market

Average Price Trend$/SF for Office Units in Ventura County, CA

$382 Jul

$300 Aug

$273 Sep

$272 Oct

Properties on Market for Office Units in Ventura County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Professional suite includes reception, collaborative workspace, restrooms, and a kitchen/breakroom.

Where is this office unit located?

The property is located at G-407 Bryant Cir Ojai, CA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 2,250‑square‑foot office unit built in 2006; Four private offices plus an open work area; Reception area with secure buzzer entry