Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Simi Valley Title is generated by Realmo AI

    9516 Ca-118, Simi Valley, CA 93063

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land/Lot - Simi Valley, CA

    Lot size:
    7,405.00 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    100
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 9516 Ca-118

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    residential
    Exterior features
    Community Features Included: Biking, Curbs, Golf, Hiking, Rural
    Standard status
    Active
    APN
    6140230075
    Lot size
    7,405.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Pierce

    Listing agent Robert Pierce License #02093553

    Listing office Rodeo Realty 9338 Reseda Blvd, Beverly Hills, CA

    Listing date Feb 5, 2026

    MLS# SR26026603 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy community features like biking, hiking, and golf.
    • Rural location offers peace and quiet.
    • Features include curbs.
    • Builder's dream property.

    Overview

    This residential land is located in Simi Valley, California. The lot size is approximately 0.16999540863177226 acres. The property is zoned for residential use, presenting an opportunity for builders.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.687761
    Latitude
    34.295592

    Nearby Similar for Sale

    • $625,000

      Medical Transportation Business Opportunity

      Established medical transportation business with contracts in place.
      1919 Williams Street, Simi Valley, CA 93065
      View Details
    • $4,300,000
      10,500 SF

      New Townhomes in Simi Valley

      Six new construction townhomes with modern amenities in Simi Valley.
      1740 Patricia Avenue, Simi Valley, CA 93065
      View Details
    • $1,200,000
      1,990 SF

      Simi Valley Multi-Unit Opportunity

      Permitted multi-unit property with income potential in Simi Valley.
      2345 Bryson Place, Simi Valley, CA 93065
      View Details
    • $639,990
      1,211 SF

      Updated Duplex in Simi Valley

      Tastefully updated duplex with spacious layout and private yard.
      2263 Workman Avenue, Simi Valley, CA 93063
      View Details
    • $280,000

      Land in Susana Knolls

      Land with income potential in a rustic, rural setting.
      1194 Black Canyon Road, Simi Valley, CA 93063
      View Details
    • $295,000

      Home Health Agency Opportunity

      Turnkey Home Health Agency for sale in Simi Valley.
      1919 Williams Street, Simi Valley, CA 93065
      View Details
    • $999,000

      Simi Valley Buildable Land

      3.45 acres to build your dream home.
      0 Young Wolf, Simi Valley, CA 93065
      View Details
    • $682,500
      5,006 SF

      Simi Valley Office Building Interest

      Undivided interest in well-maintained, multi-tenant office building for sale.
      1791 Erringer Road, Simi Valley, CA 93065
      View Details
    • $449,000

      Simi Valley Land with Views

      Approximately 20,000 sq ft lot with utilities and plans.
      Mesa Drive, Simi Valley, CA 93063
      View Details
    • $6,750,000
      44,881 SF

      Simi Valley DIY Home Center

      44,881 SF single-tenant NNN property on 2.89 acres.
      2695 Cochran St, Simi Valley, CA 93065
      View Details
    • $660,000
      1,650 SF

      Freestanding Office Building in Simi

      Two freestanding office buildings totaling 1,650 SF in Simi Valley.
      1951 Galt Street, Simi Valley, CA 93065
      View Details
    • $29,000

      View Lot in Santa Susana

      View lot in Santa Susana Knolls, Simi Valley.
      0 Gonzales, Simi Valley, CA 93063
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Simi Valley, California.
    Where is this residential land & home lot located?
    The property is located at 9516 Ca-118 Simi Valley, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Enjoy community features like biking, hiking, and golf.; Rural location offers peace and quiet.; Features include curbs.
    (805) 231-2323
    We can help!
    Listing Contact
    Robert Pierce
    Real Estate License ID: 02093553
    Learn More
    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.
    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

    Thank You for Inquiry
    9516 Ca-118, Simi Valley, CA 93063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!