Two-Story Office Building with
New
For Sale
$2,599,000
3175 Old Conejo Rd Unit 24, Newbury Park, CA 91320
Multiple suite sizes, individual HVAC units, and separate electric meters support flexible office occupancy.
Property Size6,523 SF
Price / SF$398.44
Days on Market6
Property Features for 3175 Old Conejo Rd Unit 24
General Information
Standard status
Active
Size
6,523 SF
Elevators
Yes
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Building Details
Year Built
2008
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Paul Carrese · License #01356791
(949) 285-4498
Source:
Myfabuloushome
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 2:26PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 6,523-square-foot office building has two stories and elevator service. Suites range from 577 square feet to more than 3,200 square feet, with a separate electric meter and HVAC unit for each. The roof has been replaced and carries a warranty; HVAC equipment, the elevator, and fire sprinklers have been inspected and serviced. An owners association oversees the grounds, parking lot, and shared areas, while the owner is responsible for the building itself.
The Conejo Ridge Executive Center sits beside US 101, with access via Wendy Drive. Retail and dining options are nearby. The property is at 3175 Old Conejo Road in Newbury Park, California.
The Conejo Ridge Executive Center sits beside US 101, with access via Wendy Drive. Retail and dining options are nearby. The property is at 3175 Old Conejo Road in Newbury Park, California.
Key Highlights
- 6,523‑square‑foot office building completed in 2008
- Two‑story building with elevator service
- Suites range from 577 square feet to 3,200+ square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,008
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,020,160
$3.0M
Cap Rate 7%
$2,157,257
$2.2M
Cap Rate 9%
$1,677,867
$1.7M
Market Conditions
NOI Build-Up for 6,523 SF
Gross rent
$247.4K $37.92/SF
− Vacancy
−$46.0K −$7.05/SF
EGI
$201.3K $30.87/SF
− OpEx
−$50.3K −$7.72/SF
NOI
$151.0K $23.15/SF
Area
Thousand Oaks, CA
Vacancy
18.60%
Lease Rate
$37.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,020,160
Cap Rate 7%
$2,157,257
Cap Rate 9%
$1,677,867
Alternative Uses
Best Use
Office B
$2.16M
$1.89M – $2.52M
NOI $151,008 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,916 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Demographics for 91320, CA
44,462
Population
15,509
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,201
Density / Sq Mi
$150,861
Median Household Income
$62,932
Median Earnings
$2,617
Median Rent
$917,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Multiple suite sizes, individual HVAC units, and separate electric meters support flexible office occupancy.
Where is this office building located?
The property is located at 3175 Old Conejo Rd Unit 24 Newbury Park, CA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 6,523‑square‑foot office building completed in 2008; Two‑story building with elevator service; Suites range from 577 square feet to 3,200+ square feet
