Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2575-2581 Turquoise Cir Thousand Oaks, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Recently renovated warehouse/manufacturing building with fenced yard and freeway access.

    Type:INDUSTRIAL
    Property size:
    32,327 SF
    Lot size:
    1.68 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    441
    Last Refresh:
    Apr 5 at 8:13 pm

    Property Features for 2575-2581 Turquoise Cir

    General Information

    Standard status
    Active
    Size
    32,327 SF
    Lot size
    1.68 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 2575-2581 Turquoise Cir Contact us

    We can help!

    Listing Contact
    Paul Farry

    Listing agent Paul Farry

    Listing office CBRE, Inc

    Listing date Feb 7, 2025

    Source Moodyscre

    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 CBRE, Inc

    Overview

    Renovated Warehouse/Manufacturing Building For Rent

    This recently renovated warehouse and manufacturing building features above-standard office finishes and new energy-efficient LED warehouse lighting. The property includes a fenced and paved yard area. Its location provides easy access to the 101 Freeway. The building is suitable for warehouse or manufacturing purposes and has a total size of 32327 square feet.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Pro-Tek Vaults — 1471 Lawrence Dr, Thousand Oaks, CA 91320
    • Kuvera Partners — 3485 Old Conejo Rd, Newbury Park, CA 91320
    • Thousand Oaks Storage Solutions — 1467 Lawrence Dr, Newbury Park, CA 91320
    • Extra Space Storage — 3101 Grande Vista Dr, Newbury Park, CA 91320

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.933
    Latitude
    34.1933

    Nearby Similar for Lease

    • Contact for pricing

      Russell Ranch Parkway

      30700 Russell Ranch Rd, Unit 250, Thousand Oaks, CA 91361
      View Details
    • Sponsored
      Contact for pricing

      Westlake Park Place

      2945 Townsgate Rd, Unit 200, Thousand Oaks, CA 91361
      View Details
    • $1.60 SF/Yr

      Thousand Oaks Office Space

      High-tech office space with freeway access, Thousand Oaks, CA.
      810 Lawrence Drive, Thousand Oaks, CA, 91320
      View Details
    • $2 SF/Yr

      Garden Medical Complex For Lease

      Medical/office complex in Thousand Oaks, convenient location, renovated.
      317-325 S Moorpark Rd | Thousand Oaks, CA 91361, CA 91361
      View Details
    • $2 SF/Yr

      Retail Space on Thousand Oaks

      Retail building with frontage on Thousand Oaks Boulevard available for rent.
      1414 East Thousand Oaks Boulevard, Thousand Oaks, CA, 91362
      View Details
    • $1.75 SF/Yr

      Thousand Oaks Office Sublease

      Office space available for sublease in Thousand Oaks, CA.
      1461 Lawrence Drive, Thousand Oaks, CA, 91320
      View Details
    • $2 SF/Yr

      Thousand Oaks Retail Space Available

      Retail space for lease in high-traffic Thousand Oaks location.
      1625 Thousand Oaks Blvd, Unit G, Thousand Oaks, CA 91360
      View Details
    • $1.75 SF/Yr

      Thousand Oaks Office Suites Available

      Office suites for lease in a two-story building.
      2667 N. Moorpark Road, Thousand Oaks, CA 91360
      View Details
    • $2 SF/Yr

      Thousand Oaks Retail Space Available

      Retail space available for lease in Thousand Oaks, California.
      650-712 E. Thousand Oaks Blvd., Thousand Oaks, CA 91360
      View Details
    • $1.95 SF/Yr

      Retail Space in Thousand Oaks

      Shell space in a strip center with street frontage.
      722 Wendy Drive, Thousand Oaks, CA 91320
      View Details
    • $1.00 SF/Yr

      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
    • $2 SF/Yr

      Class A Landmark Office Building

      Four-story Class A office building with recent renovations and ample parking.
      515 Marin St | Thousand Oaks, CA 91360, CA 91360
      View Details

    FAQs

    What type of property is this?
    Warehouse - Recently renovated warehouse/manufacturing building with fenced yard and freeway access.
    Where is this warehouse located?
    The property is located at 2575-2581 Turquoise Cir Thousand Oaks, CA.
    What is the lease rate?
    The lease rate is $1.35 SF/Yr.
    What are key features of this property?
    This property features: Full renovation just completed; Ideal warehouse/manufacturing building; Easy 101 freeway access
    (805) 444-5553 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Paul Farry
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!