Office Unit With Four
For Sale
$995,000
G-407 Bryant Cir, Ojai, CA 93023
Professional suite includes reception, collaborative workspace, restrooms, and a kitchen/breakroom.
Property Size2,250 SF
Price / SF$442.22
Days on Market74
Property Features for G-407 Bryant Cir
General Information
Standard status
Active
Size
2,250 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
2006
Owner Occupied
Yes
Listing Agency:
LIV Sothebys Ojai
(805) 830-3254
Listed By:
Erik Wilde · License #01461074
(805) 830-3254
Source:
Exprealty
Added: May 28
Changed: Aug 7
Last Checked: Aug 9 at 11:53AM
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 LIV Sothebys Ojai
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.
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 = 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
$39,828
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
4.00%
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%
$796,560
$796.6K
Cap Rate 7%
$568,971
$569.0K
Cap Rate 9%
$442,533
$442.5K
Market Conditions
NOI Build-Up for 2,250 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
$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 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%
$796,560
Cap Rate 7%
$568,971
Cap Rate 9%
$442,533
Alternative Uses
Best Use
Office B
$569.0K
$497.9K – $663.8K
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
NOI $54,069 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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 - Professional suite includes reception, collaborative workspace, restrooms, and a kitchen/breakroom.
Where is this office units 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
