After years of anticipation, legal battles, and construction progress, the long-awaited Costco development in Camarillo is officially moving forward, and it’s poised to become one of the most impactful retail additions in Camarillo since the Camarillo Premium Outlets 30 years ago.
As The Acorn News recently wrote, “The taxes Camarillo residents have been giving to Oxnard from gas and other purchases will soon come home. Sales tax revenue is the lifeblood of municipal services. It pays for our first responders, maintains our local parks and ensures our streets remain paved and safe. Every hot dog, bulk pack of paper towels and gallon of gas purchased at Costco in Camarillo is an investment back into our own neighborhoods.”
For homebuyers, homeowners, and investors across Camarillo, Newbury Park and Thousand Oaks, this isn’t just a new place to grocery shop, it’s an economic and lifestyle shift, as well as significant job creator.
📍 Where Is the New Camarillo Costco Being Built?
The new Costco is located on Ventura Blvd at the west end of Camarillo Town Center, just south of the 101 Freeway at the Springville Drive exit, and positioned near existing retail like Home Depot and close to the Camarillo Premium Outlets. (Ventura County Local)
For residents who currently drive to Oxnard, Westlake Village, or Simi Valley for Costco shopping runs, this new location will significantly reduce travel time and expense!
🛍️ What Will This Costco Include?
It’s designed to be a one-stop lifestyle hub, not just a grocery store. The Camarillo location will be a full-service Costco warehouse, featuring:
Grocery and bulk retail
Food court & bakery
Pharmacy and optical center
Hearing aid center
Tire service center
Gas station (32+ pumps)
EV charging stations
🏗️ Project Details & Timeline
Here’s what we’ve learned about the development:
Warehouse size: ~160,000 square feet
Parking: ~900 spaces + EV charging
Gas station: 32+ pumps (one of the largest in the region)
Jobs created: ~900 local jobs
Opening Timeline:
Gas station: Projected April 2026
Full warehouse: Projected Fall 2026
Originally slated for a 2024 opening, the project was delayed nearly two years due to environmental legal challenges around the gas station, but courts ruled the project met standards. As of early 2026, all litigation has been resolved, clearing the way for completion.
🚗 Traffic & Infrastructure: What to Expect
Let’s be real. Costco will bring traffic. But with its freeway-adjacent location and large parking capacity, the site is designed to handle high volume. Residents might plan for:
Increased congestion around Springville Drive
Peak traffic on weekends
More activity in the Camarillo Town Center corridor
That said, this area was specifically chosen because it already supports heavy retail traffic, which helps mitigate long-term impact.
💰 Economic Impact for Camarillo
Before this development, thousands of Camarillo residents were spending money at Costco locations in nearby cities, meaning tax revenue was leaving the area. Now, that spending stays local…
Increased city revenue (without raising taxes)
More funding for infrastructure, parks, and services
Local job creation across retail and service sectors
It’s a classic example of a “leakage capture” strategy and a big win for the city long-term. We hope to see Oxnard shoppers bringing their shopping dollars to our Costco for a change :).
📈🏡 The “Costco Effect” on Home Values
Some studies and local observations suggest home values near major retail anchors can rise 5–8% over time. This is where things get especially interesting for homeowners and sellers. In real estate, major retail anchors like Costco often drive:
Increased buyer demand
Higher neighborhood visibility
Improved long-term property values
For Buyers:
We’re already seeing buyers target areas within a short drive of the new site, balancing convenience with neighborhood privacy.
Communities to watch are West Camarillo neighborhoods and new construction near Springville like the new homes at Cortona.
Costco Camarillo brings to Ventura County:
More convenience and lifestyle appeal
Stronger long-term value potential
Increased competition near the Costco corridor
For Sellers:
A new “selling point” for listings
Potential increased demand as opening approaches
Opportunity to capitalize on rising interest in the area
With construction underway and opening expected in 2026, now is the time for buyers and sellers to understand how this development fits into their real estate strategy.
📣 Thinking About Buying or Selling Near the New Camarillo Costco?
Whether you’re looking to capitalize on rising demand or find a home near one of the more anticipated developments in Camarillo, our team can help you navigate the opportunity.
Search below for Camarillo homes. Please reach out to the Lydia Gable Realty Group for showings, expert property value info, and off-market opportunities in Camarillo.
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