Bright Office Space
For Sale
Contact for pricing
5210 Lewis Road, Agoura Hills, CA 91301
Top-floor office space with natural light, executive suites, reception desk.
Property Size1,900 SF
Price / SF$365.79
Days on Market172
Property Features for 5210 Lewis Road
General Information
Standard status
Active
Size
1,900 SF
Class
B
Property subtype
Industrial, Mixed Use, Office
Zoning
ACH3
Lease Type
Gross
Building Details
Year Built
1982
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
King Realty
Listed By:
Dan Adivi · License #CA 01183293
(818) 355-1779
Source:
Crexi
Added: Mar 26
Changed: Aug 27
Last Checked: Sep 13 at 1:36PM
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 King Realty
Investment Insights
Based on property information with market context.
This top-floor office space offers abundant natural light. The layout includes six executive suites and a reception desk. The property is suitable for businesses seeking to expand or establish a centralized hub. The property size is 1900 square feet.
Key Highlights
- Bright, top‑floor space with plenty of natural light
- Six executive suites
- Reception desk included
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
$33,632
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
4.84%
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%
$672,640
$672.6K
Cap Rate 7%
$480,457
$480.5K
Cap Rate 9%
$373,689
$373.7K
Market Conditions
NOI Build-Up for 1,900 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
$50.2K $26.40/SF
− Vacancy
−$5.3K −$2.80/SF
EGI
$44.8K $23.60/SF
− OpEx
−$11.2K −$5.90/SF
NOI
$33.6K $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%
$672,640
Cap Rate 7%
$480,457
Cap Rate 9%
$373,689
Alternative Uses
Best Use
Office B
$480.5K
$420.4K – $560.5K
NOI $33,632 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.3K
$570.7K – $761.0K
NOI $45,658 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,352
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Top-floor office space with natural light, executive suites, reception desk.
Where is this office units located?
The property is located at 5210 Lewis Road Agoura Hills, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Bright, top‑floor space with plenty of natural light; Six executive suites; Reception desk included
