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    Property profile & analytics

    2350 Wankel Way Oxnard, CA 93030-2665

    • Office buildings
    • 13,762 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    $3,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1492090
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eve Hill / Real Estate Agency
    • Vccar / Real Estate Agency
    • Ventura County Association-Realtors / Real Estate Agency

    Property Details for 2350 Wankel Way

    Year built
    2003
    Lot size
    1.23 lot acres
    Property size
    13,762 SF
    Zone code
    BRP
    Property type
    Office buildings
    APN
    213-0-070-075
    APU
    2130070075

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,245,000
      6.5%
      $3,915,000
      7%
      $3,635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,064,000
      Market price range: $686k - $2.59M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,260,000
      Current use
      AUTO REPAIR, GARAGE
      $5,155,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oxnard
    County
    Ventura
    State
    California
    Longitude
    -119.145
    Latitude
    34.2164
    CBSA code
    37100
    CBSA name
    OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,865
    $587,658
    $2,326,843
    $2,914,501
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      521 SF

      255 Oxnard Blvd

      OFFICE BUILDING • 521 SF
      255 Oxnard Blvd, Oxnard, CA 93030-5323
      View Details
    • Value Estimation
      $9,040,000
      35,314 SF

      1889 Rice Ave

      OFFICE BUILDING • 35,314 SF
      1889 Rice Ave, Oxnard, CA 93030-7270
      View Details
    • Value Estimation by Request
      504 SF

      130 Magnolia Ave

      OFFICE BUILDING • 504 SF
      130 Magnolia Ave, Oxnard, CA 93030-5332
      View Details
    • Value Estimation by Request
      0.08 Acres

      150 A St

      OFFICE BUILDING • 0.08 Acres
      150 A St, Oxnard, CA 93030-5622
      View Details
    • Value Estimation
      $1,330,000
      7,560 SF

      336 A St

      OFFICE BUILDING • 7,560 SF
      336 A St, Oxnard, CA 93030-5814
      View Details
    • Value Estimation
      $2,200,000
      14,657 SF

      155 A St

      PROFESSIONAL BUILDING • 14,657 SF
      155 A St, Oxnard, CA 93030-5621
      View Details

    Similar Nearby for Sale

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      Commercial Building in Downtown Oxnard

      Commercial building in a busy downtown Oxnard intersection.
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      28,724 SF

      Oxnard Office Space For Sale

      Office space available for purchase in Oxnard, California.
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    • $1,950,000

      Oxnard Warehouse with Secure Yard

      15,200 SF Oxnard building with offices, warehouse, and yard.
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    • $725,000
      2,898 SF

      Oxnard Office Building: Prime Investment

      High-yield office condos, fully leased, central Oxnard.
      1100 Ventura Rd, Oxnard, CA 93030
      View Details
    • $730,000
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      Industrial Condo with Office Space

      Industrial condo with built-out office and warehouse space.
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      Versatile Commercial Property in Oxnard

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    Similar Nearby for Lease

    • $1.50 SF/Yr
      20,885 SF

      High Image Office Building

      Office building with flexible floor plans and abundant parking.
      1700 Lombard St | Oxnard, Oxnard, CA 93030
      View Details
    • $2,760 /Mo

      Office Space Near Transportation Hub

      Second-story office space with conference room and kitchen lounge.
      120 Magnolia Ave, Oxnard, CA 93030
      View Details
    • $2 SF/Yr
      39,028 SF

      Move-in Ready Office Space Available

      9,221 SF office space for lease with great corner location.
      1889 N Rice Ave, Oxnard, CA 93030
      View Details
    • $1.95 SF/Yr
      4,600 SF

      Oxnard Office Space Available

      4,600 sqft office space for rent in Oxnard.
      314 W 4Th St, Oxnard, CA 93030
      View Details
    • $24 SF/Yr
      10,000 SF

      Prime Oxnard Office/Retail Space

      750-1350 SF, Central Location, Updated
      523 A St, Oxnard, CA 93030
      View Details
    • $18 SF/Yr
      20,714 SF

      Oxnard Office Space for Lease

      Prime Ventura County location, multiple suites available.
      1555 5Th St, Oxnard, CA 93030
      View Details
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    2350 Wankel Way
    Oxnard, CA 93030-2665
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    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
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