Built-Out Restaurant with
For Sale
Contact for pricing
487 N Moorpark Rd, Thousand Oaks, CA 91360
Freestanding unit offers outdoor dining space, on-site parking, and prominent frontage along a busy thoroughfare.
Property Size1,650 SF
Days on Market113
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Property Features for 487 N Moorpark Rd
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Retail
Lease Term
NNN
Additional Details
Patio
Yes
Amenities
outdoor patio
Building Details
Building Size
1,650 SF
Year Built
1973
Buildings
1
Tenancy
Multi
Properties For Sale
at 487 N Moorpark Rd
1st Floor-Suite Unit 2
Size
2,500 SF
Type
Power Center
Term
Negotiable
Listed By:
Dave O'Connell · License #CalDRE #01398651
(818) 917-3020
Source:
Cbm1
Added: Jun 25
Changed: Oct 6
Last Checked: Oct 14 at 8:38PM
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 Dave O'Connell
Investment Insights
Based on property information with market context.
The offering is a 2500 square foot built-out restaurant unit within a freestanding, two-unit retail building. The space includes an outdoor patio area that extends the available dining environment, with on-site parking provided in a convenient lot. The property is located at 487 N Moorpark Rd in Thousand Oaks, California, with prominent frontage along Moorpark Road and access to a busy commercial thoroughfare.
Janss Marketplace is adjacent to the property and includes retailers and entertainment operators such as Aldi, Petco, Ulta Beauty, Dave & Buster’s, Sky Zone, and Gold’s Gym. The surrounding trade area is described as highly active and established, providing a retail-oriented setting for the restaurant unit.
Janss Marketplace is adjacent to the property and includes retailers and entertainment operators such as Aldi, Petco, Ulta Beauty, Dave & Buster’s, Sky Zone, and Gold’s Gym. The surrounding trade area is described as highly active and established, providing a retail-oriented setting for the restaurant unit.
Key Highlights
- 2500 SQ FT built‑out restaurant unit
- Outdoor patio space included
- Freestanding two‑unit retail building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,841
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,820
$816.8K
Cap Rate 7%
$583,443
$583.4K
Cap Rate 9%
$453,789
$453.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$62.4K $24.96/SF
− Vacancy
−$4.1K −$1.62/SF
EGI
$58.3K $23.34/SF
− OpEx
−$17.5K −$7.00/SF
NOI
$40.8K $16.34/SF
Area
Thousand Oaks, CA
Vacancy
6.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,820
Cap Rate 7%
$583,443
Cap Rate 9%
$453,789
Alternative Uses
Best Use
Specialty Retail
$655.7K
$573.7K – $764.9K
NOI $45,896 @ 7.0% cap · market cap 1,311,314.29%
Second Best
Retail
$583.4K
$510.5K – $680.7K
NOI $40,841 @ 7.0% cap · market cap 1,166,885.71%
Theoretical Best
Office A
$979.6K
$857.1K – $1.14M
NOI $68,571 @ 7.0% cap · market cap 1,959,171.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,378
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding unit offers outdoor dining space, on-site parking, and prominent frontage along a busy thoroughfare.
Where is this conventional restaurant located?
The property is located at 487 N Moorpark Rd Thousand Oaks, CA.
What are key features of this property?
This property features: 2500 SQ FT built‑out restaurant unit; Outdoor patio space included; Freestanding two‑unit retail building
