Freestanding Office Building with
For Sale
Contact for pricing
5707 Corsa Ave, Westlake Village, CA 91362
Freestanding office building offering up to 10,038 SF deliverable space and secure subterranean parking plus 61 lot spaces.
Property Size22,068 SF
Price / SF$294.32
Days on Market109
Property Features for 5707 Corsa Ave
General Information
Standard status
Active
Size
22,068 SF
Class
B
Total Parking Spaces
84
Property subtype
Retail, Office
Zoning
BP, Westlake Village
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1981
Year Renovated
2021
Stories
2
Tenancy
Multi
Listing Agency:
Lee & Associates - LA North - Westlake Village
Listed By:
Michael Tingus · License #CA 01013724
(818) 223-4380
Source:
Crexi
Added: Jul 15
Changed: Oct 28
Last Checked: Oct 30 at 2:08PM
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 - LA North - Westlake Village
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Investment Insights
Based on property information with market context.
This freestanding office building is offered for sale with up to 10,038 SF of deliverable space, presenting an option for an owner-user or an investment opportunity. The property includes a 23-car secure subterranean parking garage, with additional parking provided by 61 spaces in the lot.
The building’s on-site parking configuration supports day-to-day accessibility for employees and visitors, while the secure subterranean garage adds dedicated capacity for stored vehicles.
Interested parties can request a marketing package by contacting Mike and Warren.
The building’s on-site parking configuration supports day-to-day accessibility for employees and visitors, while the secure subterranean garage adds dedicated capacity for stored vehicles.
Interested parties can request a marketing package by contacting Mike and Warren.
Key Highlights
- Freestanding office building with up to 10,038 SF deliverable space
- 23‑car secure subterranean parking garage
- Additional 61 parking lot spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$390,630
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,812,600
$7.8M
Cap Rate 7%
$5,580,429
$5.6M
Cap Rate 9%
$4,340,333
$4.3M
Market Conditions
NOI Build-Up for 22,068 SF
Gross rent
$582.6K $26.40/SF
− Vacancy
−$61.8K −$2.80/SF
EGI
$520.8K $23.60/SF
− OpEx
−$130.2K −$5.90/SF
NOI
$390.6K $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 Rate 5%
$7,812,600
Cap Rate 7%
$5,580,429
Cap Rate 9%
$4,340,333
Alternative Uses
Best Use
Office B
$5.58M
$4.88M – $6.51M
NOI $390,630 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.58M
$6.63M – $8.84M
NOI $530,310 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,358
Businesses Nearby
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Business Placement
Demographics for 91362, CA
35,803
Population
14,456
Households
2.5
Avg Household Size
46
Median Age
56%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$143,683
Median Household Income
$64,921
Median Earnings
$2,735
Median Rent
$1,078,100
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
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building offering up to 10,038 SF deliverable space and secure subterranean parking plus 61 lot spaces.
Where is this office building located?
The property is located at 5707 Corsa Ave Westlake Village, CA.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: Freestanding office building with up to 10,038 SF deliverable space; 23‑car secure subterranean parking garage; Additional 61 parking lot spaces
