Freestanding Medical Office
New
For Sale
$1,185,325
1176 Roadrunner Way, Simi Valley, CA 93065
A single-level masonry property offers dedicated office space with CR zoning.
Property Size2,789 SF
Lot Size0.38 Acres
Price / SF$425
Days on Market1
Property Features for 1176 Roadrunner Way
General Information
Standard status
Active
Size
2,789 SF
Lot size
0.38 Acres
Property subtype
Office
Zoning
CR
Site & Location
Neighborhood
Yes
Additional Details
Property Use
Medical Office
Building Details
Year Built
2008
Buildings
1
Stories
1
Building Size
2,789 SF
Construction
Masonry
Parking Ratio
2.63 per 1,000 SF
Listing Agency:
Lee & Associates - LA North - Westlake Village
Listed By:
Brett Saunders · License ##01991011
(818) 581-7061
Source:
Lee-associates
Added: Nov 4
Last Checked: Nov 4 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - LA North - Westlake Village
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains approximately 2,789 SF on a 16,553 SF parcel. The single-story building has masonry construction and CR zoning. Two HVAC units and the roof date to 2011.
Located at 1176 Roadrunner Way in Simi Valley, the property provides parking at a ratio of 2.63 spaces per 1,000 SF.
Located at 1176 Roadrunner Way in Simi Valley, the property provides parking at a ratio of 2.63 spaces per 1,000 SF.
Key Highlights
- Approximately 2,789 SF building on a 16,553 SF parcel
- Single‑story masonry construction
- CR zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,444
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,880
$868.9K
Cap Rate 7%
$620,629
$620.6K
Cap Rate 9%
$482,711
$482.7K
Market Conditions
NOI Build-Up for 2,789 SF
Gross rent
$72.0K $25.80/SF
− Vacancy
−$14.0K −$5.03/SF
EGI
$57.9K $20.77/SF
− OpEx
−$14.5K −$5.19/SF
NOI
$43.4K $15.58/SF
Area
Simi Valley, CA
Vacancy
19.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,880
Cap Rate 7%
$620,629
Cap Rate 9%
$482,711
Alternative Uses
Best Use
Office B
$620.6K
$543.1K – $724.1K
NOI $43,444 @ 7.0% cap · market cap 3.67%
Second Best
Healthcare Medical
$603.4K
$527.9K – $703.9K
NOI $42,235 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$907.0K
$793.6K – $1.06M
NOI $63,487 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 93065, CA
73,943
Population
26,260
Households
2.8
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
29.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$113,893
Median Household Income
$57,549
Median Earnings
$2,612
Median Rent
$759,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Bradley D Perdue Equine — 434 Laguna Terrace, Simi Valley, CA 93065
- Ventura County Animal Services — Simi Valley, CA 93065
Frequently Asked Questions
What type of property is this?
Medical Office Space - A single-level masonry property offers dedicated office space with CR zoning.
Where is this medical office space located?
The property is located at 1176 Roadrunner Way Simi Valley, CA.
What is the asking price?
The asking price for this property is $1,185,325.
What are key features of this property?
This property features: Approximately 2,789 SF building on a 16,553 SF parcel; Single‑story masonry construction; CR zoning
