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

    1194 Black Canyon Rd Simi Valley, CA 93063

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $280,000

    Land with architectural plans for a multi-unit building.

    Type:Land
    Lot size:
    0.29 Acres
    Added:
    Apr 26, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 26 at 9:57 pm

    Property Features for 1194 Black Canyon Rd

    General Information

    Standard status
    Active
    Lot size
    0.29 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Rosemarie Garvin

    Listing agent Rosemarie Garvin License #01257422

    Listing office RE/MAX One

    Listing date Apr 26, 2026

    Source Elliman

    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 RE/MAX One

    Overview

    Land with Development Plans Included

    This 12,713.2 square foot lot on Black Canyon Road offers a rustic and rural lifestyle in Susana Knolls. The sale includes custom architectural plans for a three-unit building, consisting of a main house, ADU, and Jr. Unit, with potential space for future SB9 development. The architectural project is designed to optimize the potential of both lots after legally splitting the original parcel. Additional documents included in the sale are a soils report for construction permits, a property survey, a property slope analysis, and a geology report. The location has a bike score of 54, indicating it is bikeable, and a walk score of 63, meaning it is somewhat walkable. The transit score is 24, suggesting minimal transit options.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.6736493
    Latitude
    34.2607144

    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
    • $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
    • $499,000

      Simi Valley Land with Views

      Approximately 20,000 sq ft lot with utilities and plans.
      Mesa Drive, 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
    • $29,000

      View Lot in Santa Susana

      View lot in Santa Susana Knolls, Simi Valley.
      0 Gonzales, Simi Valley, CA 93063
      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
    • $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
    • $1,650,000

      10-Acre Equestrian Estate Land

      Rare 10-acre equestrian-zoned land in exclusive Presidential Estates.
      70 Presidential Drive, Simi Valley, CA 93065
      View Details

    FAQs

    What type of property is this?
    Land - Land with architectural plans for a multi-unit building.
    Where is this land located?
    The property is located at 1194 Black Canyon Rd Simi Valley, CA.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: Includes full custom architectural plans for a 3‑unit building (main house, ADU, and Jr. Unit) with potential for SB9 development.; Opportunity to legally split the lot and jointly develop an architectural project with consideration for the adjacent property.; Sale includes essential reports: soils report for construction permit, property survey, property slope analysis, and geology report.
    (805) 338-5288
    We can help!
    Listing Contact
    Rosemarie Garvin
    Real Estate License ID: 01257422
    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!