Add Listing
    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

    2261-2305 Tapo Street Simi Valley, CA 93063

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail property with high visibility and abundant parking.

    Type:Retail
    Property size:
    21,196 SF
    Added:
    Nov 21, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 1 at 11:02 pm

    Property Features for 2261-2305 Tapo Street

    General Information

    Standard status
    Active
    Size
    21,196 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2261-2305 Tapo Street Contact us

    We can help!

    Listing Contact
    Sam Kangavari

    Listing agent Sam Kangavari License #CalDRE #01846336

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Sam Kangavari

    Overview

    Retail Space Near Major Retailers

    This retail property is located across the street from Walmart, JoAnne's, and AutoZone. The area is experiencing high growth, with plans for 280 residential units to be developed across the street. The property features excellent monument signage and abundant parking. The property has a size of 21196 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Tapo Oaks Center — 2311 Tapo St, Simi Valley, CA 93063
    • Century Square Shopping Center — 2139 Tapo St, Simi Valley, CA 93063
    • SIMI VALLEY BICYCLES — 4210 e los angeles ave c1, simi valley, ca 93063
    • Santa Susana Plaza — Tapo St, Simi Valley, CA 93063
    • Tapo Plaza — 2336 Tapo St, Simi Valley, CA 93063

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.71
    Latitude
    34.2769

    Nearby Similar for Lease

    • Contact for pricing

      Simi Valley Commercial Sublease Opportunity

      Multi-tenant building in West Simi Valley available for sublease.
      888 E Easy Street, Simi Valley, CA 93065
      View Details
    • $1.65/mo

      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
    • Contact for pricing

      Creative Office Space Available

      Creative office space with recent buildout and highway access.
      685 E Cochran St, Simi Valley, CA 93065
      View Details
    • $1.70/mo

      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
    • $2/mo

      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
    • $0.15/mo

      Retail and Office Suites

      Retail and office suites for lease in Simi Valley.
      1720 E Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • $2/mo

      Renovated Office Space Available

      Recently renovated office space with fiber optic service in Simi Valley.
      2045 Royal Ave, Simi Valley, CA 93065
      View Details
    • $1.60/mo

      Industrial Condo Units For Lease

      Industrial condo units for lease in Simi Valley/Moorpark area.
      4180 Guardian St, Simi Valley, CA 93063
      View Details
    • $1.75/mo

      Retail Space in Simi Valley

      Retail space available for rent, tenant pays utilities.
      1420-1438 E Los Angeles Ave, Simi Valley, CA
      View Details
    • $1.45/mo

      High Image Open Plan Office

      Open plan office space with excellent window line available for sublease.
      2280 Ward Ave, Simi Valley, CA
      View Details
    • $1.35/mo

      Industrial Property in Simi Valley

      Industrial space available for lease in Simi Valley, CA.
      520 E Easy St, Simi Valley, CA 93065
      View Details
    • $1.45/mo

      Simi Valley Warehouse Space Available

      Warehouse space for rent with highway access and retail amenities.
      29 W Easy St, Simi Valley, CA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property with high visibility and abundant parking.
    Where is this shopping center located?
    The property is located at 2261-2305 Tapo Street Simi Valley, CA.
    What are key features of this property?
    This property features: High growth area with 280 residential units to be developed across the street.; Across the street from Walmart, JoAnne's, AutoZone and others.; Highly affluent and dense demographics.
    (310) 801-0631
    We can help!
    Listing Contact
    Sam Kangavari
    Real Estate License ID: CalDRE #01846336
    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!