Office Condominium
For Sale
$441,628
2775 Tapo Street, Simi Valley, CA 93063
Office condominium ownership in a professionally constructed building completed in 2007.
Property Size1,752 SF
Price / SF$252.07
Days on Market138
Property Features for 2775 Tapo Street
General Information
Standard status
Active
Size
1,752 SF
Class
Class A
Property subtype
Office
Building Details
Year Built
2007
Buildings
1
Listing Agency:
CBRE - Woodland Hills
Listed By:
Dalton Saberhagen · License #01971713
(818) 251-3613
Source:
Cbre
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 16 at 6:50AM
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
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Investment Insights
Based on property information with market context.
This 1,752-square-foot office condominium is located within a building completed in 2007. The property is positioned at 2775 Tapo Street in Simi Valley, California, with a 93063 ZIP Code.
Key Highlights
- 1,752‑square‑foot office condominium
- Building completed in 2007
- 2775 Tapo Street address in Simi Valley, CA 93063
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,290
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,800
$545.8K
Cap Rate 7%
$389,857
$389.9K
Cap Rate 9%
$303,222
$303.2K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$45.2K $25.80/SF
− Vacancy
−$8.8K −$5.03/SF
EGI
$36.4K $20.77/SF
− OpEx
−$9.1K −$5.19/SF
NOI
$27.3K $15.58/SF
Area
Simi Valley, CA
Vacancy
19.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,800
Cap Rate 7%
$389,857
Cap Rate 9%
$303,222
Alternative Uses
Best Use
Office B
$389.9K
$341.1K – $454.8K
NOI $27,290 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.7K
$498.5K – $664.7K
NOI $39,882 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Explore this area
Business Placement
Demographics for 93063, CA
55,076
Population
20,220
Households
2.7
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
36.2 sq mi
ZIP Area
1,521
Density / Sq Mi
$124,030
Median Household Income
$56,868
Median Earnings
$2,385
Median Rent
$746,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Office condominium ownership in a professionally constructed building completed in 2007.
Where is this office units located?
The property is located at 2775 Tapo Street Simi Valley, CA.
What is the asking price?
The asking price for this property is $441,628.
What are key features of this property?
This property features: 1,752‑square‑foot office condominium; Building completed in 2007; 2775 Tapo Street address in Simi Valley, CA 93063
