End Unit Flex
For Sale
$1,095,000
H-407 Bryant Cir, Ojai, CA 93023
End unit offers office and warehouse space with a roll-up door, ADA-compliant bathrooms, solar, and ample on-site parking.
Property Size2,400 SF
Price / SF$456.25
Days on Market232
Property Features for H-407 Bryant Cir
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
15
Zoning
M1
Building Details
Tenancy
Multi
Listing Agency:
LIV Sothebys Ojai
(805) 646-7288
Listed By:
Robin Williams · License #01435322
(805) 798-2025
Source:
Exprealty
Added: Jan 16
Changed: Sep 5
Last Checked: Sep 5 at 12:05PM
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.
Unit H at Ojai Valley Business Park is an end unit flex warehouse configuration with a combined office and warehouse layout and 2 ADA-compliant bathrooms. Deliveries are supported by a roll-up door, and the space includes solar and a newly installed roof. The unit has no shared walls.
The property is located at Bryant Circle and is identified as M1 commercial. With ample on-site parking (15 spots), the unit is well-suited for businesses that need convenient customer or employee access in a purpose-built business park setting.
The property is located at Bryant Circle and is identified as M1 commercial. With ample on-site parking (15 spots), the unit is well-suited for businesses that need convenient customer or employee access in a purpose-built business park setting.
Key Highlights
- Unit H at Ojai Valley Business Park on Bryant Circle: 2,400 SF of office and warehouse space
- End unit with ample on‑site parking for 15 vehicles
- Roll‑up door for deliveries and no shared walls
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
$42,483
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
3.88%
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%
$849,660
$849.7K
Cap Rate 7%
$606,900
$606.9K
Cap Rate 9%
$472,033
$472.0K
Market Conditions
NOI Build-Up for 2,400 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
$63.4K $26.40/SF
− Vacancy
−$6.7K −$2.80/SF
EGI
$56.6K $23.60/SF
− OpEx
−$14.2K −$5.90/SF
NOI
$42.5K $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%
$849,660
Cap Rate 7%
$606,900
Cap Rate 9%
$472,033
Alternative Uses
Best Use
Office B
$606.9K
$531.0K – $708.1K
NOI $42,483 @ 7.0% cap · market cap 3.88%
Second Best
Warehouse
$424.4K
$371.3K – $495.1K
NOI $29,705 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$823.9K
$720.9K – $961.2K
NOI $57,674 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - End unit offers office and warehouse space with a roll-up door, ADA-compliant bathrooms, solar, and ample on-site parking.
Where is this flex space located?
The property is located at H-407 Bryant Cir Ojai, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Unit H at Ojai Valley Business Park on Bryant Circle: 2,400 SF of office and warehouse space; End unit with ample on‑site parking for 15 vehicles; Roll‑up door for deliveries and no shared walls
