1620 Emerson Ave Oxnard, CA 93033-1845
- Industrial properties
- 26,137 SF
- 1.43 lot acres
Dec 23, 2021
Current Use by Public Records
- Sauer Energy, Inc / Industrial Manufacturer / Production Facility
Property Details for 1620 Emerson Ave
- Year built
- 1986
- Lot size
- 1.43 lot acres
- Property size
- 26,137 SF
- Zone code
- MLPD
- Property type
- Industrial properties
- APN
- 220-0-271-025
- APU
- 2200271025
Description
This exceptional 26,547-square-foot single-tenant property at 1620 Emerson Avenue in Oxnard, California, presents a unique opportunity for businesses seeking a combined office and warehouse space. Built in 1986, the building boasts a desirable location in Oxnard, CA 93033, with convenient access to major transportation routes. The entire space is currently vacant, offering immediate occupancy for a new tenant. The property features high ceilings, measuring 18 feet or more, providing ample vertical space for storage or specialized equipment. Two loading docks and two dock-high doors ensure efficient loading and unloading operations. Ample parking is available, with 70 parking stalls, providing a comfortable ratio of 2.6 spaces per 1,000 square feet. The building's electrical service is robust, offering 400 amps at 277/480 volts, suitable for a variety of industrial and office applications. This property is ideal for a company requiring both executive office space and substantial warehouse capacity in a single, convenient location. The property is classified as Office and Industrial, with subtypes of Executive Office and Warehouse. This is a single-tenant occupancy property. The property is available for lease.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,720,000
- 6.5%
- $4,355,000
- 7%
- $4,045,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,231,000
- AI Estimate
- $5,853,000
Market price range: $5.07M - $7.01MMarket price range: $960k - $11.0M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $6,070,000 Current use
- WAREHOUSE, STORAGE
- $7,600,000 Change: +25% Conversion: Easy
- COMMERCIAL (GENERAL)
- $5,090,000 Change: -16% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,865,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Oxnard
- County
- Ventura
- State
- California
- Longitude
- -119.162
- Latitude
- 34.1821
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA