Agoura Hills Showroom/Warehouse
For Sale
Contact for pricing
28350 Roadside Dr, Agoura Hills, CA 91301
Versatile showroom, offices, and warehouse space in Agoura Hills.
Property Size13,692 SF
Lot Size0.87 Acres
Price / SF$474.73
Days on Market493
Property Features for 28350 Roadside Dr
General Information
Standard status
Active
Size
13,692 SF
Lot size
0.87 Acres
Property subtype
Retail
Zoning
Commercial Retail Service-Freeway Corridor-Old Agoura Design (CRS-FC-OA
Investment Type
Owner/User
Building Details
Year Built
2004
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Buenger Commercial Real Estate, Inc.
(805) 985-1007
Listed By:
Steve Buenger · License #01383195
Source:
Crexi
Added: Apr 11, 2025
Changed: Aug 11
Last Checked: Aug 13 at 1:59PM
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 Buenger Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in Agoura Hills, the property at 28350 Roadside Drive presents an investment opportunity. Constructed in 2004, this free-standing building offers 13,692 square feet of space, including showroom, offices, and warehouse areas, situated on a 0.87-acre lot. The property is currently used as a retail showroom for a flooring company, but it can serve a multitude of other retail activities. Zoned under Agoura CRS-FC-OA designation, the property allows for various commercial uses, including retail stores, restaurants, offices, and art studios. The property benefits from its location with 101 Freeway frontage in the heart of Agoura Hills.
Key Highlights
- High‑visibility location with 101 Freeway frontage in the heart of Agoura Hills.
- Versatile free‑standing building with showroom, offices, and warehouse space (13,692 SF on a .87‑acre lot).
- Zoned for various commercial uses (retail, restaurants, offices, art studios, etc.) under Agoura CRS‑FC‑OA designation.
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
$242,365
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
3.73%
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%
$4,847,300
$4.8M
Cap Rate 7%
$3,462,357
$3.5M
Cap Rate 9%
$2,692,944
$2.7M
Market Conditions
NOI Build-Up for 13,692 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
$361.5K $26.40/SF
− Vacancy
−$38.3K −$2.80/SF
EGI
$323.2K $23.60/SF
− OpEx
−$80.8K −$5.90/SF
NOI
$242.4K $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%
$4,847,300
Cap Rate 7%
$3,462,357
Cap Rate 9%
$2,692,944
Alternative Uses
Best Use
Office B
$3.46M
$3.03M – $4.04M
NOI $242,365 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$3.13M
$2.74M – $3.65M
NOI $219,214 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $329,029 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Showroom - Versatile showroom, offices, and warehouse space in Agoura Hills.
Where is this showroom located?
The property is located at 28350 Roadside Dr Agoura Hills, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: High‑visibility location with 101 Freeway frontage in the heart of Agoura Hills.; Versatile free‑standing building with showroom, offices, and warehouse space (13,692 SF on a .87‑acre lot).; Zoned for various commercial uses (retail, restaurants, offices, art studios, etc.) under Agoura CRS‑FC‑OA designation.
