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

    722 Wendy Dr Thousand Oaks, CA 91320

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.99 SF/Yr ($2,846 /Mo)

    Shell space in a strip center with street frontage.

    Property size:
    17,167 SF
    Lot size:
    17,167 SF

    Property Features for 722 Wendy Dr

    General Information

    Size
    17,167 SF

    Building Details

    Year built
    1973

    We can help!

    Listing Contact
    Heather Francine
    Source: Sperrycga

    Listing Agent: Heather Francine

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Thousand Oaks

    This shell space is located within a small strip center that features a solid tenant mix. The property benefits from easy access from Wendy Drive and is situated across the street from a larger center with many national credit tenants. It offers street frontage and exposure to approximately 16,000 vehicles per day. The surrounding area has a population of 8,641 within a 1-mile radius and 48,142 within a 3-mile radius. There are 2,808 households within 1 mile and 16,789 households within 3 miles. The median age is 43.4 years within 1 mile and 44.1 years within 3 miles. The median household income is $125,604 within 1 mile and $128,167 within 3 miles. The daytime employee population is 9,988 within 1 mile and 25,003 within 3 miles. The property is located at 722 Wendy Drive, Thousand Oaks, CA 91320 and the total property size is 17167 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crown Remodeling Newbury ... Construction Company Boney Mountain Pizza ... Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.9412822
    Latitude
    34.1877786

    Nearby Similar for Lease

    • $4,500 /Mo
      1,430 SF

      Thousand Oaks Commercial Lease Opportunity

      Prime location on Thousand Oaks Blvd, ideal for retail/office.
      2410 E Thousand Oaks Blvd, Thousand Oaks, CA 91362
      View Details
    • $1.00 SF/Yr
      17,272 SF

      Medical/Office Space Near Amenities

      Medical/office space near freeway, hospital, university, and shopping center.
      430 E Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • $1.35 SF/Yr
      12,600 SF

      Thousand Oaks Warehouse Space Available

      Industrial warehouse space for lease in Thousand Oaks, California.
      711 Rancho Conejo Blvd, Thousand Oaks, CA 91320
      View Details
    • $2 SF/Yr
      850 SF

      Prime Retail Space on Moorpark

      High-visibility retail space with flexible layout and natural light.
      540 North Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • $1.75 SF/Yr
      16,895 SF

      Thousand Oaks Office Suites Available

      Office suites for lease in a two-story building.
      2667 N Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • $4,300 /Mo
      2,004 SF

      Remodeled Townhome with Greenbelt View

      Mint condition townhome with modern upgrades and convenient location.
      595 Racquet Club Ln, Thousand Oaks, CA 91360
      View Details
    • $4,200 /Mo
      1,669 SF

      Hill Top View Townhouse

      Townhouse with serene views, close to school and shopping.
      4799 Via Altamira, Newbury Park, CA 91320
      View Details
    • $19 SF/Yr
      6,289 SF

      Thousand Oaks Retail Spaces Available

      Prime Retail/Office in Dos Vientos
      360 Via Las Brisas, Thousand Oaks, CA 91320
      View Details
    • $48 SF/Yr
      2,002 SF

      Whole Foods Plaza Retail Space

      Thriving Thousand Oaks retail spaces available.
      650 Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • $36 SF/Yr
      64,967 SF

      Paseo Marketplace Retail Spaces

      Thousand Oaks retail center, spaces available
      3637-3755 Thousand Oaks Blvd, Thousand Oaks, CA 91362
      View Details
    • $30 SF/Yr
      26,800 SF

      Newbury Park Retail Spaces

      Kohl's-anchored center, prime location.
      1940 Newbury Rd, Thousand Oaks, CA 91320
      View Details
    • $3 SF/Yr
      28,691 SF

      Times Square Shopping Center - Thousand Oaks

      Prime Thousand Oaks Retail/Office Space Available
      2315-2409 Michael Dr, Thousand Oaks, CA 91320
      View Details

    FAQs

    What type of property is this?
    Strip mall - Shell space in a strip center with street frontage.
    Where is this strip mall located?
    The property is located at 722 Wendy Dr Thousand Oaks, CA.
    What is the lease rate?
    The lease rate is $1.99 SF/Yr.
    What are key features of this property?
    This property features: - High median household income in the surrounding area ($125,604 - $128,167); - Strong daytime employee population (9,988 - 25,003); - Excellent street frontage and exposure to 16,000 vehicles
    (714) 299-9829
    Request Owner's contact information
    722 Wendy Dr Thousand Oaks, CA 91320
    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.
    722 Wendy Dr
    Thousand Oaks, CA 91320
    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
    722 Wendy Dr Thousand Oaks, CA 91320
    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

    We can help!
    Listing Contact
    Heather Francine
    Real Estate License ID: 01424225
    (714) 299-9829
    Learn more
    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.