Medical Office
For Sale
Contact for pricing
468 Pennsfield Pl, Thousand Oaks, CA 91360
Owner-user medical/office building offered for sale with 15,119 square feet of space.
Property Size15,119 SF
Price / SF$300
Days on Market246
Property Features for 468 Pennsfield Pl
General Information
Standard status
Active
Size
15,119 SF
Property subtype
OFFICE
Listing Agency:
Lee & Associates
(818) 223-4388
Listed By:
Brett Saunders · License ##01991011
(818) 581-7061
Source:
Moodyscre
Added: Feb 24
Changed: Oct 25
Last Checked: Oct 26 at 2:14PM
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 Lee & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical/office building offers a practical owner-user configuration for an end user seeking dedicated office space. The property is presented as a medical/office building and is being offered for sale.
The building totals 15,119 square feet, providing room for a medical or professional office setup. Specific suite, floor, or improvement details are not provided in the available information.
Purchase is structured as an owner-user opportunity, making it a straightforward option for qualified buyers looking for a medical/office property rather than a purely tenant-leased asset.
The building totals 15,119 square feet, providing room for a medical or professional office setup. Specific suite, floor, or improvement details are not provided in the available information.
Purchase is structured as an owner-user opportunity, making it a straightforward option for qualified buyers looking for a medical/office property rather than a purely tenant-leased asset.
Key Highlights
- Medical/office building offered for sale with 15,119 SF of space
- Owner‑user opportunity for a medical or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$350,007
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,000,140
$7.0M
Cap Rate 7%
$5,000,100
$5.0M
Cap Rate 9%
$3,888,967
$3.9M
Market Conditions
NOI Build-Up for 15,119 SF
Gross rent
$573.3K $37.92/SF
− Vacancy
−$106.6K −$7.05/SF
EGI
$466.7K $30.87/SF
− OpEx
−$116.7K −$7.72/SF
NOI
$350.0K $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%
$7,000,140
Cap Rate 7%
$5,000,100
Cap Rate 9%
$3,888,967
Alternative Uses
Best Use
Office B
$5.00M
$4.38M – $5.83M
NOI $350,007 @ 7.0% cap · market cap 7.72%
Second Best
Healthcare Medical
$3.22M
$2.82M – $3.76M
NOI $225,334 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$5.92M
$5.18M – $6.91M
NOI $414,692 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,374
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 91360, CA
43,046
Population
15,631
Households
2.8
Avg Household Size
44
Median Age
44%
College-Educated
92%
High-School Grad
15.4 sq mi
ZIP Area
2,795
Density / Sq Mi
$116,729
Median Household Income
$51,132
Median Earnings
$2,412
Median Rent
$887,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- The Pet Hospital of Thousand Oaks — 246 Lombard St D, Thousand Oaks, CA 91360
- Dean Christopher DVM — 575 Thousand Oaks Blvd, Thousand Oaks, CA 91360
- Animal Clinic of the Oaks — 575 E Thousand Oaks Blvd, Thousand Oaks, CA 91360
- Dr. Michael O. Gordon, MD — 72 Moody Ct, Thousand Oaks, CA 91360, United States
- The Cat Doctor — 760 Thousand Oaks Blvd, Thousand Oaks, CA 91360
Frequently Asked Questions
What type of property is this?
Medical Office Space - Owner-user medical/office building offered for sale with 15,119 square feet of space.
Where is this medical office space located?
The property is located at 468 Pennsfield Pl Thousand Oaks, CA.
What is the asking price?
The asking price for this property is $4,535,700.
What are key features of this property?
This property features: Medical/office building offered for sale with 15,119 SF of space; Owner‑user opportunity for a medical or office use
