Two Retail
For Sale
Contact for pricing
2751 E Thousand Oaks Blvd, Thousand Oaks, CA 91362
Two retail buildings are offered for sale with a total size of 4,500 square feet.
Property Size4,500 SF
Price / SF$577.78
Days on Market190
Property Features for 2751 E Thousand Oaks Blvd
General Information
Standard status
Active
Size
4,500 SF
Property subtype
RETAIL
Building Details
Buildings
2
Listing Agency:
Lee & Associates
(818) 223-4388
Listed By:
Mike Tingus · License #01013724
(818) 223-4380
Source:
Moodyscre
Added: Mar 6
Changed: Aug 14
Last Checked: Sep 12 at 8:02AM
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.
This offering includes two separate retail buildings. The combined property size is listed as 4,500 square feet, presented as a straightforward retail ownership opportunity.
The property is located at 2751 E Thousand Oaks Blvd in Thousand Oaks, California.
Ideal for buyers looking for retail frontage and ownership of two distinct buildings under one offering.
The property is located at 2751 E Thousand Oaks Blvd in Thousand Oaks, California.
Ideal for buyers looking for retail frontage and ownership of two distinct buildings under one offering.
Key Highlights
- Two retail buildings offered for sale.
- Total building size: 4,500 sq ft.
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
$73,513
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
2.83%
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%
$1,470,260
$1.5M
Cap Rate 7%
$1,050,186
$1.1M
Cap Rate 9%
$816,811
$816.8K
Market Conditions
NOI Build-Up for 4,500 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
$112.3K $24.96/SF
− Vacancy
−$7.3K −$1.62/SF
EGI
$105.0K $23.34/SF
− OpEx
−$31.5K −$7.00/SF
NOI
$73.5K $16.34/SF
Area
Thousand Oaks, CA
Vacancy
6.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,470,260
Cap Rate 7%
$1,050,186
Cap Rate 9%
$816,811
Alternative Uses
Best Use
Retail
$1.05M
$918.9K – $1.23M
NOI $73,513 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,428 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,996
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91362, CA
35,803
Population
14,456
Households
2.5
Avg Household Size
46
Median Age
56%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$143,683
Median Household Income
$64,921
Median Earnings
$2,735
Median Rent
$1,078,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Flowers & Gift Shop Thousand Oaks — 2851 thousand oaks blvd, thousand oaks, ca 91362
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail buildings are offered for sale with a total size of 4,500 square feet.
Where is this storefront property located?
The property is located at 2751 E Thousand Oaks Blvd Thousand Oaks, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Two retail buildings offered for sale.; Total building size: 4,500 sq ft.
