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    Medical Office Condo First Floor Title is generated by Realmo AI

    2876 N Sycamore Drive Suite 101, Simi Valley, CA 93065

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    New
    For Lease
    $2 SF/Yr $1,920/Mo (calc)

    Entire first floor offers exam rooms and treatment space well-suited for a medical practice with immediate availability.

    Type:Office
    Property size:
    9,216 SF
    Lot size:
    1.75 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:25 am

    Property Features for 2876 N Sycamore Drive Suite 101

    General Information

    Standard status
    Active
    Size
    9,216 SF
    Lot size
    1.75 Acres
    Property subtype
    Office

    Spaces For Lease

    at 2876 N Sycamore Drive Suite 101 Contact us

    We can help!

    Listing Contact
    Gary Seaton

    Listing agent Gary Seaton License #CalDRE #00713834

    Listing office

    Listing date Jun 2, 2026

    Source Www2.naicapital

    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 Gary Seaton

    HighLights

    • Entire 1st floor medical office condo available now in a 3‑story 25,403 SF building on a 1.75‑acre parcel
    • Across the street from Simi Adventist Hospital, with a location positioned for medical uses
    • 19 exam rooms and extensive treatment space, including 2 O.P. treatment rooms, 1 radiology room, 1 cardio/pulm lab, and 1 lab
    • Includes 10 doctor offices, 2 consult/offices, nurse station, waiting room, billing clerks office, and staff room
    • Patient‑focused layout with 4 staff bathrooms, 2 pedes rooms, and 5 patient bathrooms
    • Lease or sale: NNN structure noted; former tenant paid $3.01/sf

    Overview

    This is a medical office condo for sale or lease featuring the entire first floor of a three-story medical office building. The suite is designed for clinical use with 19 exam rooms, multiple doctor offices, and a dedicated waiting area. Additional internal improvements include a nurse station, billing clerks office, staff room, and four staff bathrooms, as well as two patient pedes rooms and five patient bathrooms. The space is further supported by specialty rooms including two O.P. treatment rooms, one radiology room, one cardio pulm lab, and one lab, along with two cardio exam rooms and a cast room.

    The building is situated across the street from Simi Adventist Hospital, positioning the suite for medical users seeking close proximity to an established healthcare anchor. The first-floor location is described as the most-desired, and the space is available now.

    With a layout built around exam and treatment functions, this suite is a practical fit for physician groups, outpatient programs, specialty clinics, and other healthcare operators that need multiple clinical rooms, support space, and administrative areas in one contiguous first-floor offering. The entire-first-floor configuration can also support streamlined patient flow and convenient onsite coordination for staff and services.
    Location Intelligence

    Current Use by Public Records

    Simi Hills Medical ... Medical Clinic Abdul Nawabi, MD Medical Clinic Alamo Hills Medical ... Pediatrician West Coast Hearing ... Medical Clinic Family Medicine, Endocrinology: ... Medical Clinic

    Suggested Use

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

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

    Similar Places Nearby

    • Vet People — 2720 cochran st #101-b, simi valley, ca 93065
    • Laura Gonzales, DVM — 2720 Cochran St, Simi Valley, CA 93065
    • Sycamore Veterinary Hospital — 2720 Cochran St Suite #100, Simi Valley, CA 93065

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.7430788
    Latitude
    34.2878726

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    FAQs

    What type of property is this?
    Medical Office Space - Entire first floor offers exam rooms and treatment space well-suited for a medical practice with immediate availability.
    Where is this medical office space located?
    The property is located at 2876 N Sycamore Drive Suite 101 Simi Valley, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Entire 1st floor medical office condo available now in a 3‑story 25,403 SF building on a 1.75‑acre parcel; Across the street from Simi Adventist Hospital, with a location positioned for medical uses; 19 exam rooms and extensive treatment space, including 2 O.P. treatment rooms, 1 radiology room, 1 cardio/pulm lab, and 1 lab
    (805) 558-0499
    We can help!
    Listing Contact
    Gary Seaton
    Real Estate License ID: CalDRE #00713834
    Learn More
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    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.

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    2876 N. Sycamore Drive, Suite 101, Simi Valley, CA 93065
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