Flex Space with Warehouse
For Sale
$2,750,000
661 Cochran Street, Simi Valley, CA 93065
Commercial Sale, Simi Valley, CA
Property Size7,632 SF
Lot Size0.61 Acres
Price / SF$360.32
Days on Market38
Property Features for 661 Cochran Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Lot features
Landscaped, Level with Street, Lot 20000-39999 Sqft, Lot Level/ Flat
Subdivision
SVW - Simi West
Standard status
Active
APN
6150172295
Size
7,632 SF
Lot size
0.61 Acres
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
Keller Williams Exclusive Properties · Keller Williams Realty
(805) 777-7117
Listed By:
Stephen Patronete · License #00965751
(805) 522-5050
Added: Sep 10
Changed: Oct 14
Last Checked: Oct 17 at 3:06AM
MLS# 226004349
Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,632-square-foot flex property at 661 Cochran Street combines front office space with a warehouse area and practical industrial improvements. The office is air conditioned, the building includes two restrooms, and the warehouse has extensive lighting. Upgraded 277/408 three-phase electrical service supports light industrial, manufacturing, construction, and other small-business uses identified for the property.
A separate enclosed 24-by-43-foot area provides additional workspace and includes a second roll-up door. The 0.61-acre property was built in 2005 and includes parking. Access to the 118 is noted as a key transportation feature, with the property located in Simi Valley, California.
A separate enclosed 24-by-43-foot area provides additional workspace and includes a second roll-up door. The 0.61-acre property was built in 2005 and includes parking. Access to the 118 is noted as a key transportation feature, with the property located in Simi Valley, California.
Key Highlights
- 7,632 SF flex property on a 0.61‑acre site
- Air‑conditioned office area at the front of the building
- 277/408 three‑phase electrical service
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.
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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, two restrooms, and upgraded three-phase power support light industrial operations.
Where is this flex space located?
The property is located at 661 Cochran Street 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: 7,632 SF flex property on a 0.61‑acre site; Air‑conditioned office area at the front of the building; 277/408 three‑phase electrical service
