Elevator-Served Flex
For Sale
Contact for pricing
4330 Park Terrace Drive, Westlake Village, CA 91361
Two-story flex property with elevator access, ground-level loading, and high-capacity electrical service.
Property Size62,282 SF
Price / SF$112.31
Days on Market139
Property Features for 4330 Park Terrace Drive
General Information
Standard status
Active
Size
62,282 SF
Total Parking Spaces
199
Property subtype
Industrial
Zoning
BP - Business Park
Investment Type
Owner/User
Building Details
Year Built
1989
Buildings
1
Stories
2
Units
199
Tenancy
Single
Listing Agency:
CBRE - South Bay
(805) 288-4711
Listed By:
Grant Goldman · License #02022400
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: May 8 at 9:55AM
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 - South Bay
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 = 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
$634,834
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
9.08%
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%
$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
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
$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 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%
$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
NOI $770,870 @ 7.0% cap · market cap 11.02%
Second Best
Industrial
$9.07M
$7.94M – $10.58M
NOI $634,834 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$21.38M
$18.71M – $24.94M
NOI $1,496,681 @ 7.0% cap · market cap 21.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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- FARM & FLAME — 31133 Via Colinas #112, Westlake Village, CA 91362
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- 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
