Building Details

Year Built 1989

Buildings 1

Stories 2

Units 199

Tenancy Single

Listing Agency: CBRE - Orange County

Listed By: Mark Shaffer · License #CA 01253743 Show Phone

Source: Crexi

Added: Apr 13 Changed: Oct 13 Last Checked: Oct 12 at 9:01PM

Report an Issue

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 CBRE - Orange County

Investment Insights

Based on property information with market context.

This two-story flex building contains 62,282 square feet and is served by an elevator, supporting movement between levels. Ground-level loading accommodates shipping and receiving functions, while the property includes 2,000 amps of electrical capacity. The building sits on a 3.27-acre parcel at 4330 Park Terrace Drive in Westlake Village, California. Its setting within a corporate campus provides a defined commercial environment for industrial, warehouse, and flex-space operations. The property is offered as a fee-simple interest on an as-is, where-is basis.

Key Highlights

• 62,282‑square‑foot two‑story flex building
• Elevator service between building levels
• 2,000 amps of electrical capacity

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$634,834

Cap Rate

9.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,696,680 $12.7M

Cap Rate 7%

$9,069,057 $9.1M

Cap Rate 9%

$7,053,711 $7.1M

Market Conditions

NOI Build-Up for 62,282 SF

Gross rent

$956.7K $15.36/SF

− Vacancy

−$49.7K −$0.80/SF

EGI

$906.9K $14.56/SF

− OpEx

−$272.1K −$4.37/SF

NOI

$634.8K $10.19/SF

Area

Ventura County, CA

Vacancy

5.20%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,696,680

Cap Rate 7%

$9,069,057

Cap Rate 9%

$7,053,711

Alternative Uses

Best Use

Warehouse

$11.01M

$9.64M – $12.85M (±1% cap)

NOI $770,870 @ 7.0% cap · market cap 11.02%

Second Best

Industrial

$9.07M

$7.94M – $10.58M (±1% cap)

NOI $634,834 @ 7.0% cap · market cap 9.08%

Theoretical Best

Office A

$21.38M

$18.71M – $24.94M (±1% cap)

NOI $1,496,681 @ 7.0% cap · market cap 21.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Garden Center Auto Parts Store Grocery & Convenience Store Hotel & Motel Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,178

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 91361, CA

20,262

Population

8,320

Households

2.4

Avg Household Size

51

Median Age

60%

College-Educated

97%

High-School Grad

28.9 sq mi

ZIP Area

701

Density / Sq Mi

$131,911

Median Household Income

$72,455

Median Earnings

$2,752

Median Rent

$1,328,900

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Story Mixed-Use Building

3275 E Thousand Oaks Boulevard, Westlake Village, CA 91362

$2,899,000

8,250 SF

View details

Freestanding Office Building with Parking

5707 Corsa Ave, Westlake Village, CA 91362

Contact for pricing

22,068 SF

View details

Luxury Home in Gated Community

1005 Cheshire Hills CT, Westlake Village, CA 91361

$5,889,000

View details

Updated Office Building

2277 Townsgate Rd, Westlake Village, CA 91361

Contact for pricing

View details

Medical Office Condominium Building

128 Auburn Court, Westlake Village, CA 91362

Contact for pricing

View details

Similar Off Market Nearby

• FARM & FLAME — 31133 Via Colinas #112, Westlake Village, CA 91362
• Monrose Catering — 31117 Via Colinas STE 403, Westlake Village, CA 91362
• Merlins Kitchens — 31139 Via Colinas # 208, Westlake Village, CA 91362

Frequently Asked Questions

What type of property is this?

Flex space - Two-story flex property with elevator access, ground-level loading, and high-capacity electrical service.

Where is this flex space located?

The property is located at 4330 Park Terrace Drive Westlake Village, CA.

What is the asking price?

The asking price for this property is $6,995,000.

What are key features of this property?

This property features: 62,282‑square‑foot two‑story flex building; Elevator service between building levels; 2,000 amps of electrical capacity