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

    1633 Erringer Rd Simi Valley, CA 93065

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,016 /Mo

    Remodeled two-story office building with multiple options and ample parking.

    Lot size:
    1.07 Acres

    Property Features for 1633 Erringer Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.07 Acres

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Linda Enderson
    Source: Elliman

    Listing Agent: Linda Enderson

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

    Learn more

    Overview

    Remodeled Office Unit For Rent

    This remodeled two-story office building features elevator and stair access. The available unit is located on the second floor and includes multiple door entrances, a reception area, an office, a staff room, and a large conference area, offering many layout options. Ample parking is available for clients and staff. A bathroom is located in the hall. The building is equipped with security cameras and key card access for after-hours use. The property is located on the West End of Simi. Smaller upstairs and larger downstairs units are also available.
    Location Intelligence

    Current Use by Public Records

    Med Group Home ... Home Health Care Service Cathy Hunter Alternative Medicine Practice Deborah Tucker Marriage Or Relationship Counselor Cary Schwartz Marriage Or Relationship Counselor Patricia Vanbuskirk Marriage Or Relationship Counselor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -118.7619903
    Latitude
    34.268155

    Nearby Similar for Lease

    • $2 SF/Yr
      24,417 SF

      Renovated Office Space Available

      Recently renovated office space with fiber optic service in Simi Valley.
      2045 Royal Ave, Simi Valley, CA 93065
      View Details
    • $500 /Mo

      Creative Office Space Available

      Creative office space with recent buildout and highway access.
      685 E Cochran St, Simi Valley, CA 93065
      View Details
    • $2 SF/Yr

      Simi Valley Office Suites For Rent

      Office suites available in Simi Valley with flexible lease terms.
      1445 E Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • $1,224 /Mo

      Remodeled Office Unit For Rent

      Remodeled office unit with reception area in Simi Valley.
      1633 Erringer Rd, Simi Valley, CA 93065
      View Details
    • $6,410 /Mo

      West End Office Space Available

      First floor office unit with ample parking and great location.
      1633 Erringer Rd, Simi Valley, CA 93065
      View Details
    • $6,410 /Mo

      Simi Valley Office Space Available

      Office space for rent in Simi Valley, California.
      1633 Erringer Rd, Simi Valley, CA 93065
      View Details
    • $1.60 SF/Yr

      Industrial Condo Units For Lease

      Industrial condo units for lease in Simi Valley/Moorpark area.
      4180 Guardian St, Simi Valley, CA 93063
      View Details
    • $0.18 SF/Yr

      Retail and Office Suites

      Retail and office suites for lease in Simi Valley.
      1720 E Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces for lease.
      2780-2790 Tapo Canyon Rd, Simi Valley, CA 93063
      View Details
    • $1.70 SF/Yr

      New Office Space in Simi

      Brand new office space with flexible floor plans available for lease.
      4115 Guardian St, Simi Valley, CA 93063
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail space available for lease in Simi Valley.
      1252-1308 Madera Rd, Simi Valley, CA 93065
      View Details
    • $1.65 SF/Yr

      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

    FAQs

    What type of property is this?
    Office units - Remodeled two-story office building with multiple options and ample parking.
    Where is this office units located?
    The property is located at 1633 Erringer Rd Simi Valley, CA.
    What is the lease rate?
    The lease rate is $2,016 /Mo.
    What are key features of this property?
    This property features: - Remodeled two-story office building with elevator and stairs; - Great location on the West End of Simi Valley; - Ample parking for clients and staff
    (805) 558-7772
    Request Owner's contact information
    1633 Erringer Rd 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.
    1633 Erringer Rd
    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
    1633 Erringer Rd 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
    Linda Enderson
    (805) 558-7772 (805) 579-1116
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!