Flex Space with Enclosed Work
For Sale
$2,750,000
661 Cochran St, Simi Valley, CA 93065
Air-conditioned front office, upgraded three-phase power, and a separate warehouse area support varied commercial operations.
Property Size7,632 SF
Days on Market55
Property Features for 661 Cochran St
General Information
Standard status
Active
Size
7,632 SF
Property subtype
Commercial
Site & Location
Neighborhood
Yes
Highway Access
Yes
Additional Details
Three-Phase Power
Yes
Building Details
Building Size
7,632 SF
Year Built
2005
Listing Agency:
Keller Williams Realty - Exclusive Properties
Listed By:
Stephen Patronete · License #00965751
(805) 522-5050
Source:
Elliman
Added: Sep 12
Changed: Nov 1
Last Checked: Nov 4 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 Keller Williams Realty - Exclusive Properties
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Investment Insights
Based on property information with market context.
Built in 2005, this flex space combines an air-conditioned office area at the front with warehouse and work areas behind it. The property includes two restrooms, upgraded 277/408 three-phase electrical service, and extensive warehouse lighting. A separate 24-by-43-foot enclosed area provides additional functional space and includes a second roll-up door.
The property is positioned for access from the 118 and is identified as suitable for small business, light industrial, manufacturing, and construction-related operations. Walkability and transit access are limited, with a walk score of 37 and a transit score of 27.
The property is positioned for access from the 118 and is identified as suitable for small business, light industrial, manufacturing, and construction-related operations. Walkability and transit access are limited, with a walk score of 37 and a transit score of 27.
Key Highlights
- Air‑conditioned office space at the front of the building
- Upgraded 277/408 three‑phase electrical service
- Separate 24x43 enclosed area with a second roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,319
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,026,380
$2.0M
Cap Rate 7%
$1,447,414
$1.4M
Cap Rate 9%
$1,125,767
$1.1M
Market Conditions
NOI Build-Up for 7,632 SF
Gross rent
$169.4K $22.20/SF
− Vacancy
−$13.6K −$1.78/SF
EGI
$155.9K $20.42/SF
− OpEx
−$54.6K −$7.15/SF
NOI
$101.3K $13.28/SF
Area
Simi Valley, CA
Vacancy
8.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,026,380
Cap Rate 7%
$1,447,414
Cap Rate 9%
$1,125,767
Alternative Uses
Best Use
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,319 @ 7.0% cap · market cap 3.68%
Second Best
Warehouse
$1.09M
$954.1K – $1.27M
NOI $76,328 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,731 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 93065, CA
73,943
Population
26,260
Households
2.8
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
29.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$113,893
Median Household Income
$57,549
Median Earnings
$2,612
Median Rent
$759,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Tacos Famosos — Serving most of Ventura County, Other cities may be available. Additional charges will apply., Simi
- Firehouse Subs Simi Town Center — 1263 Simi Town Center Way Ste H1, Simi Valley, CA 93065
Frequently Asked Questions
What type of property is this?
Flex space - Air-conditioned front office, upgraded three-phase power, and a separate warehouse area support varied commercial operations.
Where is this flex space located?
The property is located at 661 Cochran St Simi Valley, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Air‑conditioned office space at the front of the building; Upgraded 277/408 three‑phase electrical service; Separate 24x43 enclosed area with a second roll‑up door
