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    Class A Life Science Building Title is generated by Realmo AI

    120 South Via Merida, Thousand Oaks, CA 91362

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    Purpose-built lab space in amenity-rich Thousand Oaks location.

    Type:LifeSciences
    Property size:
    98,696 SF
    Added:
    Nov 22, 2025
    Days on Market:
    189
    Last Refresh:
    May 19 at 11:34 pm

    Property Features for 120 South Via Merida

    General Information

    Standard status
    Active
    Size
    98,696 SF
    Property subtype
    LifeSciences

    Spaces For Lease

    at 120 South Via Merida Contact us

    We can help!

    Listing Contact
    Tom Dwyer

    Listing agent Tom Dwyer License #01197938

    Listing office CBRE - Woodland Hills

    Listing date Nov 22, 2025

    Source Cbre

    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 - Woodland Hills

    HighLights

    • Purpose‑built, Class A life science building redefining laboratory space standards in Los Angeles.
    • Modular lab space designed for maximum adaptability and tenant use.
    • Suitable for the entire life science industry lifecycle (startups to mature companies).
    • Amenity‑rich location adjacent to The Four Seasons, Equinox, and The Shoppes at Westlake.
    • Located in a business‑friendly city in the Los Angeles region.
    • Offers stunning views and significant indoor/outdoor amenities in a campus environment.

    Overview

    Westlake Labs is a Class A life science building designed to redefine the standard for laboratory space in the Los Angeles region. This purpose-built property offers opportunities for mature life science companies, startup ventures, and academia. Designed by Gray Matter with veteran life science architects and engineers, the modular lab space is state of the art and allows for maximum adaptability for tenant use. Located in an amenity-rich area adjacent to The Four Seasons, Equinox, The Shoppes at Westlake, open space, and excellent schools, it is also minutes from Malibu. The location provides views of the valley and significant indoor and outdoor amenities in a campus environment. The property is situated within one of the most proactive, business-friendly, and easy-to-work-with cities in the Los Angeles region. The property contains 98696 square feet and is suitable for medical offices, office properties and spaces, office buildings, manufacturing properties, and industrial properties.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm 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

    • VCA Westlake Village Animal Hospital — 31166 Via Colinas, Westlake Village, CA 91362
    • Slaton Veterinary Hospital — 3900 Thousand Oaks Blvd STE 101, Westlake Village, CA 91362
    • After Surgery Pet Recovery — 1014 S Westlake Blvd 14 420, Westlake Village, CA 91361
    • Townsgate Pet Hospital — 2806 Townsgate Rd Suite C, Westlake Village, CA 91361
    • Dr. Michael Siegel — 31166 Via Colinas, Westlake Village, CA 91362

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.814
    Latitude
    34.1549

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    FAQs

    What type of property is this?
    Medical Office Space - Purpose-built lab space in amenity-rich Thousand Oaks location.
    Where is this medical office space located?
    The property is located at 120 South Via Merida Thousand Oaks, CA.
    What are key features of this property?
    This property features: Purpose‑built, Class A life science building redefining laboratory space standards in Los Angeles.; Modular lab space designed for maximum adaptability and tenant use.; Suitable for the entire life science industry lifecycle (startups to mature companies).
    (805) 288-4711
    We can help!
    Listing Contact
    Tom Dwyer
    Real Estate License ID: 01197938
    Learn More
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    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.

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