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
    The Largest CRE Database in the US with Over 1 Million Listings

    980 Enchanted Way Simi Valley, CA 93065

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    Office suite with four offices, utilities included, ready now.

    Property size:
    1,107 SF
    Lot size:
    10.53 Acres

    Property Features for 980 Enchanted Way

    General Information

    Size
    1,107 SF
    Lot size
    10.53 Acres

    We can help!

    Listing Contact
    Taylor Jocoy
    Source: Moodyscre

    Listing Agent: Taylor Jocoy

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

    Learn more

    Property Insight Report

    Overview

    Second Floor Office Suite

    This second-floor office suite features four individual offices. The lease includes utilities and five nights of janitorial service per week. The property is available for immediate occupancy. The suite has a total area of 1107 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Camino AI Inc Software Company Engineered Capital Gains ... Financial Consultant Life & Annuity Masters, ... Financial Consultant Facilities Advisors International Association Or Organization Hummingbird Networks Computer Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.7838597
    Latitude
    34.2834883

    Nearby Similar for Lease

    • $19 SF/Yr
      9,033 SF

      Chambers Business Park Warehouses For Lease

      Ventura County Industrial Space: 3,360-5,673 SF
      780 Chambers Ln, Simi Valley, CA 93065
      View Details
    • $12 SF/Yr
      22,162 SF

      Executive Suites Simi Valley

      Prime Office Space, Ventura County
      685 Cochran St, Simi Valley, CA 93065
      View Details
    • $2,595 /Mo

      Updated Apartment in Simi Valley

      Updated 2-bedroom, 2-bath apartment in a convenient Simi Valley location.
      1851 Patricia Ave, Simi Valley, CA 93065
      View Details
    • $21 SF/Yr
      51,234 SF

      Simi Valley Warehouse Space Available

      Industrial warehouse space for lease in Simi Valley, CA.
      4180 Guardian St, Simi Valley, CA 93063
      View Details
    • $21 SF/Yr
      4,801 SF

      Woodlands Plaza Retail Space for Lease

      Prime Simi Valley storefront, 4,687 sq ft.
      540 Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • $2,700 /Mo

      Condo Near Tennis Courts, Pool

      Condo with upgrades, near amenities in Sinaloa Villa complex.
      1778 Sinaloa Rd, Simi Valley, CA 93065
      View Details
    • $27 SF/Yr
      6,811 SF

      Prime Simi Valley Executive Suites

      Modern Office Space, Flexible Sizes Available
      1445 Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      3,100 SF

      Simi Valley Retail Center Opportunity

      Target-anchored retail space available.
      2091 Madera Rd, Simi Valley, CA 93065
      View Details
    • $1.65 SF/Yr
      10,665 SF

      Renovated Retail Space in Simi

      Recently renovated retail property with frontage on Los Angeles Avenue.
      1512-1534 E Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • $22 SF/Yr
      12,613 SF

      Royal Medical Plaza: Simi Valley

      Medical Office Suites for Lease
      2045 Royal Ave, Simi Valley, CA 93065
      View Details
    • $26 SF/Yr
      33,682 SF

      Sycamore Medical Office Building

      Simi Valley medical office space available
      2925 Sycamore Dr, Simi Valley, CA 93065
      View Details
    • $9 SF/Yr
      9,046 SF

      Centre Court Shopping Center - Simi Valley

      Retail Space Available, Simi Valley, CA
      1252 Madera Rd, Simi Valley, CA 93065
      View Details

    FAQs

    What type of property is this?
    Office space - Office suite with four offices, utilities included, ready now.
    Where is this office space located?
    The property is located at 980 Enchanted Way Simi Valley, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Ready for immediate occupancy; - Includes utilities; - Four offices
    (818) 483-3627
    Request Owner's contact information
    980 Enchanted Way Simi Valley, CA 93065
    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.
    980 Enchanted Way
    Simi Valley, CA 93065
    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
    980 Enchanted Way Simi Valley, CA 93065
    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
    Taylor Jocoy
    (818) 483-3627
    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.