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    3637-3755 Thousand Oaks Blvd Thousand Oaks, CA 91362

    Sponsored
    For Lease
    $36 SF/Yr

    Thousand Oaks retail center, spaces available

    Lot size:
    64,967 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Paseo Marketplace, located at 3637-3755 E. Thousand Oaks Blvd in Ventura County, CA 91362, offers exceptional retail and office space for lease. This 64,967 square foot shopping center, built in 1979 and renovated in 1996, sits on a 4.78-acre lot and boasts a prime location on Thousand Oaks Boulevard, a major thoroughfare. The property features a variety of amenities including a pylon sign, monument signage, ample parking (5 spaces per 1,000 square feet), a signalized intersection, and a dedicated turn lane, ensuring high visibility and accessibility. Spaces range from a minimum of 780 square feet to a maximum contiguous space of 1,575 square feet, with 7,071 square feet currently vacant. The center is zoned C2 and enjoys a strong tenant mix including Orange Theory Fitness, Remedy Skin and Body, Decker Kitchen, and many others. Its location in a highly affluent area, near Westlake High School and California Lutheran University, guarantees a substantial customer base. Additional building features include an atrium, courtyard, conferencing facility, fireplace, food court, mezzanine, on-site property management, a security system, tenant-controlled HVAC, and recessed lighting. The property's proximity to Chick-fil-A and the Thousand Oaks Auto Mall further enhances its desirability. This is a unique opportunity to establish a presence in one of California's most desirable cities.

    Property Features for 3637-3755 Thousand Oaks Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    64,967 SF
    Total Rate
    194901

    Building Details

    Year Built/Renovated
    1979/1996

    Unit(s) available at that property

    Space
    Suite 3639
    Size
    780 SF
    Rate per SF
    $417
    Space
    Suite 3649
    Size
    1,100 SF
    Rate per SF
    $396
    Space
    Suite 3665
    Size
    1,130 SF
    Rate per SF
    $36
    Space
    Suite 3677
    Size
    1,575 SF
    Rate per SF
    $360
    Space
    Suite 3647
    Size
    1,200 SF
    Rate per SF
    $396
    Space
    Suite 3659
    Size
    2,360 SF

    HighLights

    • High‑demand retail spaces available for lease.
    • Excellent location directly across from the Thousand Oaks Auto Mall.
    • Strong co‑tenancy with Chick‑fil‑A and a DIY Center.
    • High visibility and prominent signage on Thousand Oaks Boulevard.
    • Exceptional demographics and a robust trade area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.82848568394
    Latitude
    34.165060158761

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    FAQs

    What type of property is this?
    Lifestyle center - Thousand Oaks retail center, spaces available
    Where is this lifestyle center located?
    The property is located at 3637-3755 Thousand Oaks Blvd Thousand Oaks, CA.
    What is the lease rate?
    The lease rate is $0.00-$417 SF/Yr.
    What are key features of this property?
    This property features: High-demand retail spaces available for lease.; Excellent location directly across from the Thousand Oaks Auto Mall.; Strong co-tenancy with Chick-fil-A and a DIY Center.
    Request Owner's contact information
    3637-3755 Thousand Oaks Blvd Thousand Oaks, CA 91362
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    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.

    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
    3637-3755 Thousand Oaks Blvd Thousand Oaks, CA 91362
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