Office and Medical
For Sale
$1,900,000
28215 Agoura Rd, Agoura Hills, CA 91301
Office and medical building offered as an owner-user opportunity.
Property Size4,140 SF
Days on Market45
Property Features for 28215 Agoura Rd
General Information
Standard status
Active
Size
4,140 SF
Class
A
Property subtype
Office - General Office
Building Details
Building Size
4,140 SF
Year Built
1978
Units
1
Listing Agency:
Lee & Associates
(818) 581-7061
Listed By:
Brett Saunders · License ##01991011
Source:
Commercialcafe
Added: Jul 17
Changed: Aug 15
Last Checked: Aug 29 at 6:08AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
The property is an office and medical building presented as an owner-user opportunity. It is suited for users seeking a dedicated professional space that can accommodate office and medical operations under one roof.
Located at 28215 Agoura Rd in Agoura Hills, California, the building offers a straightforward option for qualified owner-users evaluating a mixed office/medical setting.
Because the available information does not describe the internal layout, suite configuration, or condition in greater detail, interested parties should review the property directly or request additional materials for more specifics on usable space and improvements.
Located at 28215 Agoura Rd in Agoura Hills, California, the building offers a straightforward option for qualified owner-users evaluating a mixed office/medical setting.
Because the available information does not describe the internal layout, suite configuration, or condition in greater detail, interested parties should review the property directly or request additional materials for more specifics on usable space and improvements.
Key Highlights
- Owner‑user opportunity for an office and medical building
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,465,660
$1.5M
Cap Rate 7%
$1,046,900
$1.0M
Cap Rate 9%
$814,256
$814.3K
Market Conditions
NOI Build-Up for 4,140 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$109.3K $26.40/SF
− Vacancy
−$11.6K −$2.80/SF
EGI
$97.7K $23.60/SF
− OpEx
−$24.4K −$5.90/SF
NOI
$73.3K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,465,660
Cap Rate 7%
$1,046,900
Cap Rate 9%
$814,256
Alternative Uses
Best Use
Office B
$1.05M
$916.0K – $1.22M
NOI $73,283 @ 7.0% cap · market cap 3.86%
Second Best
Healthcare Medical
$854.2K
$747.4K – $996.6K
NOI $59,793 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,487 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 91301, CA
24,790
Population
9,394
Households
2.6
Avg Household Size
45
Median Age
66%
College-Educated
97%
High-School Grad
33.1 sq mi
ZIP Area
749
Density / Sq Mi
$166,912
Median Household Income
$85,240
Median Earnings
$3,163
Median Rent
$1,096,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office and medical building offered as an owner-user opportunity.
Where is this office building located?
The property is located at 28215 Agoura Rd Agoura Hills, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Owner‑user opportunity for an office and medical building; Built in 1978
