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    Former Rite Aid Retail Building Title is generated by Realmo AI

    3941 Spring Rd, Moorpark, CA 93021

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    Freestanding retail building in Moorpark available for lease/sale.

    Type:Retail
    Property size:
    16,730 SF
    Added:
    Nov 21, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 5 at 10:33 pm

    Property Features for 3941 Spring Rd

    General Information

    Standard status
    Active
    Size
    16,730 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1999

    Spaces For Lease

    at 3941 Spring Rd Contact us

    We can help!

    Listing Contact
    Steve Weiss
    Steve Weiss

    Listing agent Steve Weiss License #CalDRE #00680554

    Listing office NAI Capital HQ

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Capital HQ

    HighLights

    • Located in Moorpark, ranked the 3rd safest city in California.
    • High average household income of $190,000+ within a 1‑mile radius.
    • Freestanding ±16,730 SF single‑tenant retail building on ±3.18 acres.
    • Located at a signalized intersection with 33,297 CPD.
    • Includes drive‑thru and ±1,450 SF gated garden/patio area.
    • 112 parking stalls available.

    Overview

    This freestanding, single-tenant retail building, formerly a Rite Aid, is available for lease or sale. The building offers approximately 16,730 square feet of space and is situated on a large parcel of approximately 3.18 acres (138,471 square feet). Located at the signalized intersection of Spring Road and Tierra Rejada Road, the location benefits from high traffic counts of 33,297 cars per day. The building features a clear ceiling height of over 16 feet, fire sprinklers, and electrical specifications of 1,000-amp 3 phase 208Y/120V. Additional features include a drive-thru, a gated garden/patio area of approximately 1,450 square feet, and 112 parking stalls. The property is located within the City of Moorpark, noted as the 3rd safest city in California. The city is considered one of the top 5 cities for business within the state, with affluent neighborhoods and an average household income above $190,000 within a 1-mile radius. Over 54% of residents are college educated, and the area includes award-winning schools such as Peach Hill Academy and Mesa Verde Middle School, with Moorpark Kinder immediately adjacent. Moorpark currently provides 3.9 million square feet of industrial space, 1.6 million square feet of retail space, and 301,000 square feet of office space across 7 unique business districts. The city's population is projected to reach 57,000 by 2058. The building is fully divisible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ali Novin-Baheran Pharmacy AMG Air conditioning ... Hardware & Home Improvement KeyMe Locksmiths Locksmith Rite Aid Photo (Bike/Boat/Book/etc) Store CDReload - Online Bitcoin ... Crypto Atm

    Suggested Use

    Real Estate Agency Law Firm Building Supply Gym & Fitness Center Pharmacy Accounting Firm Big Box & Wholesale Store Daycare Center Kitchen & Bath Showroom Department Store

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

    Similar Places Nearby

    • CVS — 800 New Los Angeles Ave, Moorpark, CA 93021
    • Robert Soto, RPh — 800 New Los Angeles Ave, Moorpark, CA 93021
    • Walgreens Pharmacy — 140 Los Angeles Ave, Moorpark, CA 93021
    • CVS Pharmacy — 800 New Los Angeles Ave, Moorpark, CA 93021
    • Tavish Bodysculpting by Ari — 100 S Moorpark Ave #303, Moorpark, CA 93021

    Location Insight

    • Map
    • Local Demand
    City
    Moorpark
    County
    Ventura
    State
    California
    Longitude
    -118.865
    Latitude
    34.2633

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    FAQs

    What type of property is this?
    Drug store - Freestanding retail building in Moorpark available for lease/sale.
    Where is this drug store located?
    The property is located at 3941 Spring Rd Moorpark, CA.
    What are key features of this property?
    This property features: Located in Moorpark, ranked the 3rd safest city in California.; High average household income of $190,000+ within a 1‑mile radius.; Freestanding ±16,730 SF single‑tenant retail building on ±3.18 acres.
    (818) 905-2400
    We can help!
    Listing Contact
    Steve Weiss
    Steve Weiss
    Real Estate License ID: CalDRE #00680554
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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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