Bright Office/Flex Condominium For
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5210 Lewis Rd. Unit 3, Agoura Hills, CA 91301
Top-floor office/flex space with natural light, ideal for call center.
Property Size3,630 SF
Price / SF$178.79
Days on Market157
Property Features for 5210 Lewis Rd. Unit 3
General Information
Standard status
Active
Size
3,630 SF
Class
B
Property subtype
Office, Industrial, Mixed Use
Zoning
C3
Building Details
Year Built
1982
Stories
2
Listing Agency:
King Realty
(818) 355-1779
Listed By:
Dan Adivi · License #CA 01183293
Source:
Crexi
Added: Mar 26
Changed: Aug 14
Last Checked: Aug 29 at 3:21PM
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 space offers ample natural light and includes six executive offices, suitable for a call center or telemarketing operation. The property provides a professional and energizing environment. It is designed to inspire and energize teams, making it ideal for a thriving business. The space is approximately 70% improved office space and 30% warehouse space. The property is surrounded by a variety of retail amenities. It features scenic views of the Santa Monica Mountains and outstanding visibility from the Ventura (101) Freeway. The zoning is CRS-FC-OA (City of Agoura Hills Zoning Map). There are 11 reserved surface parking stalls and multiple private entrances. The layout is flexible for general professional office uses. Ground-level loading exists with additional loading available. Multiple kitchenettes and unisex restrooms are located on each level. The HOA fee per 2 units is $1,200 a month, which covers roof, parking lot, maintenance, building exterior land's property tax, outdoor utilities, and trash.
Key Highlights
- Designed as a call center/telemarketing center with executive offices.
- Outstanding visibility from the Ventura (101) Freeway.
- Rare opportunity to own office/flex condominiums in the Conejo Valley.
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
$37,000
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
5.70%
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%
$740,000
$740.0K
Cap Rate 7%
$528,571
$528.6K
Cap Rate 9%
$411,111
$411.1K
Market Conditions
NOI Build-Up for 3,630 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
$55.8K $15.36/SF
− Vacancy
−$2.9K −$0.80/SF
EGI
$52.9K $14.56/SF
− OpEx
−$15.9K −$4.37/SF
NOI
$37.0K $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%
$740,000
Cap Rate 7%
$528,571
Cap Rate 9%
$411,111
Alternative Uses
Best Use
Office B
$917.9K
$803.2K – $1.07M
NOI $64,255 @ 7.0% cap · market cap 9.90%
Second Best
Industrial
$528.6K
$462.5K – $616.7K
NOI $37,000 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,232 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 units - Top-floor office/flex space with natural light, ideal for call center.
Where is this office units located?
The property is located at 5210 Lewis Rd. Unit 3 Agoura Hills, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Designed as a call center/telemarketing center with executive offices.; Outstanding visibility from the Ventura (101) Freeway.; Rare opportunity to own office/flex condominiums in the Conejo Valley.
