Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2509 Cortez St Oxnard, CA 93036-1642

    • Industrial properties
    • 19,280 SF
    • 1.48 lot acres
    OFF-MARKET
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1433039
    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

    • LPC Auto Group Inc. / Motor Vehicle Dealer / Auto Electrical Service

    Property Details for 2509 Cortez St

    Year built
    1959
    Lot size
    1.48 lot acres
    Property size
    19,280 SF
    Zone code
    M2
    Property type
    Industrial properties
    APN
    145-0-211-015
    APU
    1450211015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $438,000
      Market price range: $439k - $919k

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxnard
    County
    Ventura
    State
    California
    Longitude
    -119.169
    Latitude
    34.2316
    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
    $9,695
    $363,662
    $373,233
    $736,895
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,600,000
      43,376 SF

      2571 Cortez St

      CONDOMINIUMS (INDUSTRIAL) • 43,376 SF
      2571 Cortez St, Oxnard, CA 93036-1642
      View Details
    • Value Estimation
      $530,000
      10,976 SF

      132 Lambert St

      MULTI-TENANT INDUSTRIAL BUILDING • 10,976 SF
      132 Lambert St, Oxnard, CA 93036-1058
      View Details
    • Value Estimation
      $9,080,000
      0.61 Acres

      319 Lambert St

      MULTI-TENANT INDUSTRIAL BUILDING • 0.61 Acres
      319 Lambert St, Oxnard, CA 93036-1054
      View Details
    • Value Estimation
      $2,090,000
      12,515 SF

      4121 Southbank Rd

      INDUSTRIAL (GENERAL) • 12,515 SF
      4121 Southbank Rd, Oxnard, CA 93036-1074
      View Details
    • Value Estimation
      $325,000
      10,700 SF

      2485 Alvarado St

      MULTI-TENANT INDUSTRIAL BUILDING • 10,700 SF
      2485 Alvarado St, Oxnard, CA 93036-1776
      View Details
    • Value Estimation
      $325,000
      5,250 SF

      2467 Balboa St

      INDUSTRIAL (GENERAL) • 5,250 SF
      2467 Balboa St, Oxnard, CA 93036-1754
      View Details

    Similar Nearby for Sale

    • $960,750
      2,562 SF

      Industrial Condo with High Ceilings

      Industrial condo featuring minimal office space and high ceilings.
      4082 Southbank Rd, Oxnard, CA 93036
      View Details
    • $7,495,000
      31,610 SF

      Oxnard Office Building For Sale

      31,610 SF office building available in Oxnard, California.
      2500 E Vineyard Ave, Oxnard, CA 93036
      View Details
    • Contact for pricing
      1,240 SF

      Ventura Medical Office Suite for Lease

      Prime Ventura location, fully equipped medical office.
      148 St Unit 201, Ventura, CA 93036
      View Details
    • Contact for pricing
      14,715 SF

      Free Standing Retail Building

      Free standing retail building with drive-thru, formerly Walgreens.
      2303 E Vineyard Ave, Oxnard, CA 93036
      View Details
    • $2,896,740
      152,460 SF

      Prime Land with Freeway Frontage

      3.5 acres of commercial land with freeway access.
      2151 Lockwood St, Oxnard, CA 93036
      View Details
    • $665,000

      Turnkey Condo in Riverpark Community

      3-bedroom, 2.5-bathroom condo near The Collection in Oxnard.
      621 Garonne St, Oxnard, CA 93036
      View Details

    Similar Nearby for Lease

    • $1.19 SF/Yr
      3,240 SF

      Oxnard Warehouse/Distribution Space Available

      Warehouse/distribution space with excellent freeway access and natural light.
      3000 Paseo Mercado, Oxnard, CA 93036
      View Details
    • $1.19 SF/Yr
      3,456 SF

      Oxnard Warehouse Space Available

      Warehouse space near 101 Ventura Freeway with high ceilings.
      3130 Paseo Mercado, Oxnard, CA 93036
      View Details
    • $1.19 SF/Yr
      2,480 SF

      Oxnard Warehouse with Street Frontage

      Warehouse near 101 Fwy with great street frontage.
      2945 Los Olivos, Oxnard, CA 93036
      View Details
    • $1.15 SF/Yr
      9,428 SF

      Industrial Warehouse with Fenced Yard

      Oxnard warehouse with offices, fenced yard, and high ceilings.
      167 Lambert St, Oxnard, CA 93036
      View Details
    • $1.20 SF/Yr
      6,428 SF

      Warehouse/Showroom in McGrath Business Park

      Warehouse/Showroom with commercial exposure and flexible BRP zoning.
      1830 Lockwood St, Oxnard, CA 93036
      View Details
    • $1,000 /Mo

      Visible Office Space Available Now

      500 sqft office space with two private offices for rent.
      1261 W Gonzales Rd, Oxnard, CA 93036
      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.
    2509 Cortez St
    Oxnard, CA 93036-1642
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.