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28215 Agoura Road, Agoura Hills, CA 91301
Two-story office/medical building in Agoura Hills with modern amenities.
Property Size4,410 SF
Lot Size0.19 Acres
Price / SF$510.20
Days on Market256
Property Features for 28215 Agoura Road
General Information
Standard status
Active
Size
4,410 SF
Class
B
Total Parking Spaces
17
Lot size
0.19 Acres
Property subtype
Office
Zoning
AHBP-OR-O
Investment Type
Owner/User
Building Details
Year Built
1978
Stories
2
Tenancy
Multi
Listing Agency:
Lee & Associates - LA North - Westlake Village
(818) 581-7061
Listed By:
Brett Saunders · License #CA # 01991011
Source:
Crexi
Added: Dec 9, 2025
Changed: Aug 16
Last Checked: Aug 21 at 9:06AM
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 - LA North - Westlake Village
Investment Insights
Based on property information with market context.
The property at 28215 Agoura Road is a two-story office/medical building located in Agoura Hills, California. The 4,410 square foot masonry building is situated on an 8,280 square foot lot. The building features contemporary interiors with natural light, mountain views, and private outdoor landings. There are five flexible suite configurations ranging from 140 to 2,100 square feet. Each suite has dedicated HVAC systems controlled by individual Nest thermostats, modern amenities, and access to high-speed AT&T fiber internet and Spectrum coax cable internet. The property is located 0.10 miles from US Highway 101, providing accessibility to Los Angeles and the central coast. A new 278-unit residential development is under construction nearby. The surrounding area has an average household income of $188,503 within a 5-mile radius. This property is suitable for medical practices, accounting/law offices, and professional services.
Key Highlights
- Exceptional owner‑user opportunity in a premium office/medical building.
- Located in affluent Agoura Hills with a high average household income.
- Excellent accessibility to Los Angeles and the Central Coast via US Highway 101.
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
$78,062
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
3.47%
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%
$1,561,240
$1.6M
Cap Rate 7%
$1,115,171
$1.1M
Cap Rate 9%
$867,356
$867.4K
Market Conditions
NOI Build-Up for 4,410 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
$116.4K $26.40/SF
− Vacancy
−$12.3K −$2.80/SF
EGI
$104.1K $23.60/SF
− OpEx
−$26.0K −$5.90/SF
NOI
$78.1K $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%
$1,561,240
Cap Rate 7%
$1,115,171
Cap Rate 9%
$867,356
Alternative Uses
Best Use
Office B
$1.12M
$975.8K – $1.30M
NOI $78,062 @ 7.0% cap · market cap 3.47%
Second Best
Healthcare Medical
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,975 @ 7.0% cap · market cap 4.71%
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
Well-served
Demand for This Use
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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- Agoura Animal Clinic: Henry Donna C DVM — 28282 Dorothy Dr, Agoura Hills, CA 91301
- Agoura Animal Clinic: Jennifer Chu, D.V.M. — 28282 Dorothy Dr, Agoura Hills, CA 91301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story office/medical building in Agoura Hills with modern amenities.
Where is this medical office space located?
The property is located at 28215 Agoura Road Agoura Hills, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Exceptional owner‑user opportunity in a premium office/medical building.; Located in affluent Agoura Hills with a high average household income.; Excellent accessibility to Los Angeles and the Central Coast via US Highway 101.
