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

    5707 Corsa Ave Westlake Village, CA 91362

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr ($4,105 /Mo)

    Office space available with common areas, kitchen, and conference room.

    Property size:
    20,965 SF
    Lot size:
    20,965 SF

    Property Features for 5707 Corsa Ave

    General Information

    Size
    20,965 SF

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Jay Rubin
    Jay Rubin
    Source: Lee-associates

    Listing Agent: Jay Rubin

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

    Learn more

    Overview

    Office Space in Westlake Village

    This office space, located in Agoura Hills/Westlake Village, encompasses 20965 square feet. The available space includes access to common areas, a kitchen, and a conference room.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westlake Village
    County
    Ventura
    State
    California
    Longitude
    -118.8004171
    Latitude
    34.1555112

    Nearby Similar for Lease

    • $4,500 /Mo
      1,407 SF

      Upgraded Townhome in Westlake Village

      Upgraded 2 bed, 2.5 bath townhome with modern amenities.
      31007 Minute Man Way, Westlake Village, CA 91361
      View Details
    • Contact for pricing
      10,000 SF

      Westlake Village Retail Space For Lease

      10,000 SF Church Space Available
      32111 Watergate Rd, Westlake Village, CA 91361
      View Details
    • $1.80 SF/Yr
      11,406 SF

      Westlake Village Freestanding Flex Facility

      Freestanding 11,406 SF flex facility available for lease.
      5321 Sterling Center Dr, Westlake Village, CA 91361
      View Details
    • $23 SF/Yr
      6,960 SF

      Westlake Village Office/Industrial Space

      Prime Westlake Village location, flexible suites available.
      766 Lakefield Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing
      86,695 SF

      North Ranch Gateway Retail Space

      Westlake Village retail center; prime location, high-income area.
      30805-30895 Thousand Oaks Blvd, Westlake Village, CA 91362
      View Details
    • $24 SF/Yr
      5,775 SF

      Westlake Village Creative Office/Warehouse

      Modern Office & Warehouse Space Available
      31230 Cedar Valley Dr, Westlake Village, CA 91362
      View Details
    • Contact for pricing
      31,565 SF

      County Line Shopping Center Lease

      Prime Retail Space, High Traffic Location
      4637 Lakeview Canyon Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing
      6,113 SF

      Westlake Village Executive Suites

      Premium Office Space, Two Suites Available
      4333 Oak Crest Dr, Westlake Village, CA 91361
      View Details
    • $25 SF/Yr
      21,600 SF

      Westlake Village Office Space for Lease

      Prime Westlake Village Office, 800 SF Available
      31826 Village Center Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing
      22,427 SF

      Westlake Village Medical Office Space

      Prime Medical Office Suites Available Now
      2797 Agoura Rd, Westlake Village, CA 91361
      View Details
    • $30 SF/Yr
      19,400 SF

      Westlake Village Executive Suites

      Premium Office Space, Westlake Village, CA
      875 Westlake Blvd, Westlake Village, CA 91361
      View Details
    • Contact for pricing
      6,891 SF

      Westlake Village Medical Office Space

      Prime Medical Office Suites Available
      1220 La Venta Dr, Westlake Village, CA 91361
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available with common areas, kitchen, and conference room.
    Where is this office space located?
    The property is located at 5707 Corsa Ave Westlake Village, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Common area included; - Kitchen included; - Conference room included
    (818) 223-4388
    Request Owner's contact information
    5707 Corsa Ave Westlake Village, CA 91362
    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.
    5707 Corsa Ave
    Westlake Village, CA 91362
    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
    5707 Corsa Ave Westlake Village, CA 91362
    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
    Jay Rubin
    Jay Rubin
    Real Estate License ID: 01320005 (CA)
    (818) 223-4388
    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.