Building Details

Year built 2021

Listing Agency: Realty Executives SCV · Realty Executives International I***@RealtyExecutives-SCV.com Show Phone

Listed By: Bob Loner · License #00648540 Show Phone

Added: Aug 11 Changed: Nov 2 Last Checked: Nov 4 at 9:06PM

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MLS# SR26175524

Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 2021 industrial condominium at 875 E Cochran includes 2,394 square feet of interior space and 18-foot clear height. Central air serves the unit, which is identified as Unit 10 in The District Business Park.

The property is near the 118 Freeway and First Street in Simi Valley. Security gates are positioned between the buildings, and the site is zoned IL.

Key Highlights

• 2,394‑square‑foot industrial condo unit
• 18‑foot clear height
• Built in 2021

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,782

Cap Rate

2.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$635,640 $635.6K

Cap Rate 7%

$454,029 $454.0K

Cap Rate 9%

$353,133 $353.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,394 SF

Gross rent

$53.1K $22.20/SF

− Vacancy

−$4.3K −$1.78/SF

EGI

$48.9K $20.42/SF

− OpEx

−$17.1K −$7.15/SF

NOI

$31.8K $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%

$635,640

Cap Rate 7%

$454,029

Cap Rate 9%

$353,133

Alternative Uses

Best Use

Flex RnD

$454.0K

$397.3K – $529.7K (±1% cap)

NOI $31,782 @ 7.0% cap · market cap 2.89%

Second Best

Industrial

$281.7K

$246.5K – $328.6K (±1% cap)

NOI $19,717 @ 7.0% cap · market cap 1.79%

Theoretical Best

Office A

$778.5K

$681.2K – $908.3K (±1% cap)

NOI $54,496 @ 7.0% cap · market cap 4.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

VanLab Auto Parts Store Zavala's Dental Dental Office Sub Zero Nitrogen ... Grocery & Convenience Store

Suggested Use

Top Pick Hotel & Motel Food Market Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,049

Businesses Nearby

Under-served

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - A newer unit in a gated business park offers central air and IL zoning.

Where is this flex space located?

The property is located at 875 E Cochran Simi Valley, CA.

What is the asking price?

The asking price for this property is $1,099,950.

What are key features of this property?

This property features: 2,394‑square‑foot industrial condo unit; 18‑foot clear height; Built in 2021