Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Thousand Oaks Title is generated by Realmo AI

    722 Wendy Drive, Thousand Oaks, CA 91320

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.95 SF/Yr $2,789/Mo (calc)

    Shell space in a strip center with street frontage.

    Type:Retail
    Property size:
    17,167 SF
    Added:
    Nov 21, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 5 at 11:57 pm

    Property Features for 722 Wendy Drive

    General Information

    Standard status
    Active
    Size
    17,167 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1973

    Spaces For Lease

    at 722 Wendy Drive Contact us

    We can help!

    Listing Contact
    Heather Francine

    Listing agent Heather Francine License #CalDRE #01424225

    Listing office

    Listing date Nov 21, 2025

    Source Sperrycga

    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 Heather Francine

    HighLights

    • High median household income in the surrounding area ($125,604 - $128,167)
    • Strong daytime employee population (9,988 - 25,003)
    • Excellent street frontage and exposure to 16,000 vehicles
    • Easy access from Wendy Dr.
    • Located across the street from a larger center with national credit tenants
    • Solid tenant mix in the strip center

    Overview

    This shell space is located within a small strip center that features a solid tenant mix. The property benefits from easy access from Wendy Drive and is situated across the street from a larger center with many national credit tenants. It offers street frontage and exposure to approximately 16,000 vehicles per day. The surrounding area has a population of 8,641 within a 1-mile radius and 48,142 within a 3-mile radius. There are 2,808 households within 1 mile and 16,789 households within 3 miles. The median age is 43.4 years within 1 mile and 44.1 years within 3 miles. The median household income is $125,604 within 1 mile and $128,167 within 3 miles. The daytime employee population is 9,988 within 1 mile and 25,003 within 3 miles. The property is located at 722 Wendy Drive, Thousand Oaks, CA 91320 and the total property size is 17167 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crown Remodeling Newbury ... Construction Company Boney Mountain Pizza ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.941
    Latitude
    34.1878

    Nearby Similar for Lease

    • Sponsored
      $129-$5,694/Mo
      11-1,292 SF

      Russell Ranch Parkway

      30700 Russell Ranch Rd, Unit 250, Thousand Oaks, CA 91361
      View Details
    • Sponsored
      $129-$6,706/Mo
      11-1,292 SF

      Westlake Park Place

      2945 Townsgate Rd, Unit 200, Thousand Oaks, CA 91361
      View Details
    • $1.75 SF/Yr
      16,895 SF

      Thousand Oaks Office Suites Available

      Office suites for lease in a two-story building.
      2667 N. Moorpark Road, Thousand Oaks, CA 91360
      View Details
    • $1.00 SF/Yr
      17,272 SF

      Medical/Office Space Near Amenities

      Medical/office space near freeway, hospital, university, and shopping center.
      430 E Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • $2 SF/Yr
      7,733 SF

      Garden Medical Complex For Lease

      Medical/office complex in Thousand Oaks, convenient location, renovated.
      317-325 S Moorpark Rd | Thousand Oaks, CA 91361, CA 91361
      View Details
    • $1.60 SF/Yr
      5,750 SF

      Thousand Oaks Office Space

      High-tech office space with freeway access, Thousand Oaks, CA.
      810 Lawrence Drive, Thousand Oaks, CA, 91320
      View Details
    • $1.75 SF/Yr
      13,548 SF

      Thousand Oaks Office Sublease

      Office space available for sublease in Thousand Oaks, CA.
      1461 Lawrence Drive, Thousand Oaks, CA, 91320
      View Details
    • $2 SF/Yr
      6,000 SF

      Retail Space on Thousand Oaks

      Retail building with frontage on Thousand Oaks Boulevard available for rent.
      1414 East Thousand Oaks Boulevard, Thousand Oaks, CA, 91362
      View Details
    • $2 SF/Yr
      4,466 SF

      Thousand Oaks Retail Space Available

      Retail space available for lease in Thousand Oaks, California.
      650-712 E. Thousand Oaks Blvd., Thousand Oaks, CA 91360
      View Details
    • $1.50 SF/Yr
      20,000 SF

      Thousand Oaks Office Space Available

      Office space for lease in Thousand Oaks, California.
      270 Conejo Ridge Avenue, Thousand Oaks, CA 91361
      View Details
    • $2 SF/Yr
      11,200 SF

      Thousand Oaks Retail Space Available

      Retail space for lease in high-traffic Thousand Oaks location.
      1625 Thousand Oaks Blvd, Unit G, Thousand Oaks, CA 91360
      View Details
    • $2.00 SF/Yr
      48,320 SF

      Retail Space in Shopping Center

      Retail space available for lease in a shopping center.
      583 Ventu Park Road, Thousand Oaks, CA 91320
      View Details

    FAQs

    What type of property is this?
    Strip mall - Shell space in a strip center with street frontage.
    Where is this strip mall located?
    The property is located at 722 Wendy Drive Thousand Oaks, CA.
    What is the lease rate?
    The lease rate is $1.95 SF/Yr.
    What are key features of this property?
    This property features: High median household income in the surrounding area ($125,604 - $128,167); Strong daytime employee population (9,988 - 25,003); Excellent street frontage and exposure to 16,000 vehicles
    (714) 299-9829
    We can help!
    Listing Contact
    Heather Francine
    Real Estate License ID: CalDRE #01424225
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    722 Wendy Drive, Thousand Oaks, CA 91320
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!