Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    875 S Westlake Blvd Westlake Village, CA 91361

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-building office complex in the heart of Westlake Village.

    Type:Office
    Property size:
    88,000 SF
    Added:
    Sep 4, 2020
    Days on Market:
    2072
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 875 S Westlake Blvd

    General Information

    Standard status
    Active
    Size
    88,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 875 S Westlake Blvd Contact us

    Suite 202 $2 /Mo

    Size
    867 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Tom Dwyer
    Tom Dwyer

    Listing agent Tom Dwyer License #CA 01197938

    Listing office CBRE - Ventura

    Listing date Sep 4, 2020

    Source Crexi

    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 CBRE - Ventura

    HighLights

    • Prime location at the corner of Townsgate Road and Westlake Boulevard in Westlake Village.
    • Approximately 88,000 square feet of office space.
    • Adjacent to Promenade, Northgate Plaza, Westlake Plaza shopping centers and the Thousand Oaks Auto Mall.
    • Abundant free onsite parking.
    • Includes a twelve‑person common conference room.
    • Features a common area break room and tranquil outdoor seating areas.

    Overview

    Westlake Village Office Complex

    This two-building office complex is situated in the heart of Westlake Village, located on the northwest corner of Townsgate Road and Westlake Boulevard. The property contains approximately 88,000 square feet. It is adjacent to the Promenade and Northgate Plaza Shopping Centers, as well as the newly renovated Westlake Plaza Shopping Center and the nearby Thousand Oaks Auto Mall. The property features a twelve-person common conference room, a common area break room, and tranquil outdoor seating areas. Abundant free parking is available onsite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Westlake Village
    County
    Ventura
    State
    California
    Longitude
    -118.8276216
    Latitude
    34.1555688

    Nearby Similar for Lease

    • $1,000/Mo

      Executive Center of Westlake Village

      Office suite in Westlake Village near restaurants and shops.
      741 Lakefield Rd, Unit H, Westlake Village, CA 91361
      View Details
    • $3 SF/Yr

      Class A Office Campus

      Westlake Village Class A office space for lease.
      2815 Townsgate Road, Westlake Village, CA, 91361
      View Details
    • $1.80 SF/Yr

      Westlake Village Freestanding Flex Facility

      Freestanding 11,406 SF flex facility available for lease.
      5321 Sterling Center Drive, Westlake Village, CA 91361
      View Details
    • $1.60 SF/Yr

      Westlake Village Office Space Available

      Move-in ready office space in a tranquil Westlake Village setting.
      4500 Thousand Oaks Boulevard, Westlake Village, CA, 91362
      View Details
    • $2 SF/Yr

      Class A Office Building

      Premier office building in Westlake Village, near amenities.
      200 North Westlake Boulevard, Westlake Village, CA, 91362
      View Details
    • $3 SF/Yr

      Westlake Village Office Space Available

      Office space for rent in ideal Westlake Village location.
      100 North Westlake Boulevard, Westlake Village, CA, 91362
      View Details
    • $2 SF/Yr

      Westlake Village Class A Office

      Class A office space in prime Westlake Village location.
      875 South Westlake Boulevard, Westlake Village, CA, 91361
      View Details
    • $2 SF/Yr

      Westlake Village Class A Office

      Class A office space in prime Westlake Village location.
      2659 Townsgate Road, Westlake Village, CA, 91361
      View Details
    • $2 SF/Yr

      Westlake Village Office Campus

      Master-planned office campus with outdoor amenities and freeway access.
      250-370 N. Westlake Blvd, Westlake Village, CA 91362
      View Details
    • $2 SF/Yr

      Westlake Village Office Building Lease

      Two-story office building in Westlake Village available for lease.
      31051 Agoura Road, Westlake Village, CA, 91361
      View Details
    • $3 SF/Yr

      Westlake Village Two-Story Office Building

      Two-story office building with retail amenities nearby for lease.
      30700 Russell Ranch Road, Westlake Village, CA, 91362
      View Details
    • Contact for pricing

      Class A Office Building Available

      Three-story Class A office building with ample parking and upgrades.
      31248 Oak Crest Dr, Westlake Village, CA 91361
      View Details

    FAQs

    What type of property is this?
    Office building - Two-building office complex in the heart of Westlake Village.
    Where is this office building located?
    The property is located at 875 S Westlake Blvd Westlake Village, CA.
    What are key features of this property?
    This property features: Prime location at the corner of Townsgate Road and Westlake Boulevard in Westlake Village.; Approximately 88,000 square feet of office space.; Adjacent to Promenade, Northgate Plaza, Westlake Plaza shopping centers and the Thousand Oaks Auto Mall.
    (805) 288-4711 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Dwyer
    Tom Dwyer
    Real Estate License ID: CA 01197938
    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
    875 S Westlake Blvd, Westlake Village, CA 91361
    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!