Freestanding Two-Story Office
New
For Sale
$2,600,000
5018 Chesebro Road, Agoura Hills, CA 91301
Professional office property with elevator access, abundant glazing, and dedicated parking in an established office park.
Property Size8,137 SF
Price / SF$319.53
Days on Market3
Property Features for 5018 Chesebro Road
General Information
Standard status
Active
Size
8,137 SF
Total Parking Spaces
31
Elevators
Yes
Property subtype
Office
Zoning
BP-OR-FC
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Parking Ratio
4 per 1,000 SF
Listing Agency:
CBRE - Woodland Hills
(818) 517-8372
Listed By:
Chris Swatosh · License #01803294
(818) 517-8372
Source:
Cbre
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 1:05PM
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 - Woodland Hills
Investment Insights
Based on property information with market context.
This freestanding office building provides 8,137 square feet across two stories, with professionally improved interiors and a private elevator serving both levels. Restrooms are located on each floor, while the extensive window line brings strong natural light throughout the workspace.
The property includes 31 parking spaces, consisting of 16 covered spaces and 15 surface spaces, with a 4/1000 parking ratio. Located within an office park, the building offers access to the Ventura (101) freeway and is zoned BP-OR-FC.
The property includes 31 parking spaces, consisting of 16 covered spaces and 15 surface spaces, with a 4/1000 parking ratio. Located within an office park, the building offers access to the Ventura (101) freeway and is zoned BP-OR-FC.
Key Highlights
- 8,137‑square‑foot freestanding office building
- Two‑story layout with a private elevator
- 31 parking spaces: 16 covered and 15 surface
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
$144,035
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
5.54%
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%
$2,880,700
$2.9M
Cap Rate 7%
$2,057,643
$2.1M
Cap Rate 9%
$1,600,389
$1.6M
Market Conditions
NOI Build-Up for 8,137 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
$214.8K $26.40/SF
− Vacancy
−$22.8K −$2.80/SF
EGI
$192.0K $23.60/SF
− OpEx
−$48.0K −$5.90/SF
NOI
$144.0K $17.70/SF
Area
Ventura County, CA
Vacancy
10.60%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,880,700
Cap Rate 7%
$2,057,643
Cap Rate 9%
$1,600,389
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $144,035 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,538 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 91301, CA
24,790
Population
9,394
Households
2.6
Avg Household Size
45
Median Age
66%
College-Educated
97%
High-School Grad
33.1 sq mi
ZIP Area
749
Density / Sq Mi
$166,912
Median Household Income
$85,240
Median Earnings
$3,163
Median Rent
$1,096,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professional office property with elevator access, abundant glazing, and dedicated parking in an established office park.
Where is this office building located?
The property is located at 5018 Chesebro Road Agoura Hills, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 8,137‑square‑foot freestanding office building; Two‑story layout with a private elevator; 31 parking spaces: 16 covered and 15 surface
