Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    802-824 New Los Angeles Ave Moorpark, CA 93021

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    802-824 New Los Angeles Ave Moorpark, CA 93021

    View on Map
    • Retail properties & Spaces
    • 2,748 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 802-824 New Los Angeles Ave

    Property size
    2,748 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 2,748 square foot single-tenant retail space is located within the Moorpark Marketplace shopping center in Moorpark, California (zip code 93021), at 802-824 New Los Angeles Avenue. The center is situated in a high-demand, supply-constrained area of Ventura County and boasts an impressive 18-year history of high occupancy, averaging above 98%. The property benefits from a highly visible location with nearly 900 feet of frontage along the Ronald Reagan Freeway (State Route 118) and 1,350 feet along New Los Angeles Avenue, resulting in daily traffic counts exceeding 100,000 vehicles. The Moorpark Marketplace is a 207,300 square foot center on an 18.80-acre site, anchored by a grocery store and Target, and includes a mix of national and local retailers such as Kohl's, Smart & Final Extra, TJ Maxx, Michaels, Famous Footwear, T-Mobile, Sport Clips, Jamba Juice, Wings Top, Jimmy John's, Kiku Japanese Grill, and Magma Pizzeria. Tenants enjoy an average stay exceeding 14 years, demonstrating the center's strong appeal and long-term stability. The entire center underwent renovations in 2023. This space presents a unique opportunity for businesses seeking high visibility and a strong tenant base in a thriving Southern California community. The property is currently vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Moorpark
    County
    Ventura
    State
    California
    Longitude
    -118.867
    Latitude
    34.2803

    Comparable in this City

    • Value Estimation
      $640,000
      3,888 SF

      496 Moorpark Ave

      COMMERCIAL (GENERAL) • 3,888 SF
      496 Moorpark Ave, Moorpark, CA 93021-1851
      View Details
    • Value Estimation by Request
      3,610 SF

      105 High St

      COMMERCIAL (GENERAL) • 3,610 SF
      105 High St, Moorpark, CA 93021-1120
      View Details
    • Value Estimation by Request
      1,213 SF

      433 Moorpark Ave

      COMMERCIAL (GENERAL) • 1,213 SF
      433 Moorpark Ave, Moorpark, CA 93021-1850
      View Details
    • Value Estimation by Request
      0.76 Acres

      6597 Collins Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.76 Acres
      6597 Collins Dr, Moorpark, CA 93021-1487
      View Details
    • Value Estimation
      $7,440,000
      55,573 SF

      510 New Los Angeles Ave

      SHOPPING CENTER, STRIP CENTER • 55,573 SF
      510 New Los Angeles Ave, Moorpark, CA 93021-2063
      View Details
    • Value Estimation
      $3,415,000
      28,692 SF

      14711 Princeton Ave

      SHOPPING CENTER, STRIP CENTER • 28,692 SF
      14711 Princeton Ave, Moorpark, CA 93021-1457
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Opportunity in Old Town

      Mixed-use property with retail and residential structures in Moorpark.
      213 High St, Moorpark, CA 93021
      View Details
    • $3,300,000
      8,829 SF

      Retail Space in Mission Meadows

      Located in a busy shopping center near Moorpark High School.
      4209 Tierra Rejada Rd, Moorpark, CA 93021
      View Details
    • Contact for pricing

      Moorpark Shell Station Ground Lease

      NNN leased Shell station with 7-Eleven guarantee in affluent Moorpark.
      301 W Los Angeles Ave, Moorpark, CA 93021
      View Details
    • Contact for pricing
      2,300 SF

      Moorpark Shell Gas Station Investment

      NNN leased Shell gas station with 7-Eleven guarantee.
      301 Los Angeles Ave, Moorpark, CA 93021
      View Details
    • $10,500,000
      21,597 SF

      Stabilized NNN Investment Shopping Center

      Stabilized core investment shopping center with prominent building signage.
      525-549 New Los Angeles Ave, Moorpark, CA 93021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Moorpark Retail and Office Building

      Two-story retail and office building at signalized intersection.
      484 E Los Angeles Ave, Moorpark, CA 93021
      View Details
    • $1.75 SF/Yr

      Retail Space Available for Lease

      Retail property with 3601 square feet available for lease.
      706-790 Los Angeles Ave, Moorpark, CA 93021
      View Details
    • Contact for pricing

      Moorpark Office/Retail Building For Rent

      Two-story office/retail building near Moorpark Metrolink Station.
      530 Moorpark Ave, Moorpark, CA 93021
      View Details
    • Contact for pricing

      Moorpark Campus Plaza Retail/Office

      Retail and office spaces near Moorpark College and 118 Freeway.
      6591-6599 Collins Dr, Moorpark, CA 93021
      View Details
    • $1.75 SF/Yr

      Moorpark Retail/Office Space Available

      Retail or office space available for lease in Moorpark.
      530 Los Angeles Ave, Moorpark, CA 93021
      View Details
    • $2 SF/Yr

      Moorpark Retail Space Available

      5,500 SF retail space in Moorpark's Mission Bell Plaza.
      313 W Los Angeles Ave, Moorpark, CA 93021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    802-824 New Los Angeles Ave
    Moorpark, CA 93021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!