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    The Largest CRE Database in the US with Over 1 Million Listings

    2945 Townsgate Rd Thousand Oaks, CA 91361

    Sponsored
    For Lease
    $22 SF/Yr

    Premium Office Space, CA.

    Lot size:
    20,788 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This Class A office building, located at 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361, offers a variety of flexible workspace solutions. The 20,788 square foot building boasts 350 suites, currently featuring 5,970 square feet of vacant space. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The property is ideal for executive offices, coworking spaces, and creative office environments, offering a professional and stylish setting. Renovated in 2019, the building includes elevators for convenient access. Its prime location in Los Angeles County's Westlake Village business district provides easy access to freeways, restaurants, and outdoor amenities, including a nearby lake and golf course. The building's attractive exterior and impressive lobby create a positive first impression. This multi-tenant property presents a unique opportunity for businesses seeking a well-connected and amenity-rich workspace in a thriving community. The building's location in the heart of Westlake Village offers unparalleled convenience and accessibility.

    Property Features for 2945 Townsgate Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,788 SF
    Class
    A
    Total Rate
    38665.68

    Building Details

    Year Renovated
    2019

    Spaces For Lease

    at 2945 Townsgate Rd, Thousand Oaks, CA 91361 Contact us
    Unit Private office for 2 people

    $183 /Mo

    Size
    538 SF
    Contact us
    Unit Private office for 5 people

    $136 /Mo

    Size
    807 SF
    Contact us
    Unit Private office for 3 people

    $157 /Mo

    Size
    646 SF
    Contact us
    Unit Flexible office membership

    $27 /Mo

    Size
    108 SF
    Contact us
    Unit Flexible coworking membership

    $22 /Mo

    Size
    108 SF
    Contact us
    Unit Private office for 4 people

    $142 /Mo

    Size
    646 SF
    Contact us
    Unit Coworking space

    $44 /Mo

    Size
    328 SF
    Contact us
    Unit Virtual office

    $96 /Mo

    Size
    54 SF
    Contact us
    Unit Private office for 1 person

    $167 /Mo

    Size
    538 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Los Angeles Regus Us

    Learn more

    Property Insight Report

    HighLights

    • Class A office building totaling 20,788 square feet with 350 suites.
    • 5,970 square feet of vacant space currently available.
    • Suite sizes range from 10 to 1,300 contiguous square feet.
    • Building renovated in 2019 and includes elevators.
    • Prime Westlake Village location with easy freeway access, restaurants, and nearby amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Westlake Village Mortgage ... Loan Service Capella Air Conditioning ... HVAC Service Luxury Buyers (Bike/Boat/Book/etc) Store Three Wishes College ... College We Do IT ... Tech Support Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Los Angeles
    State
    California
    Longitude
    -118.821038
    Latitude
    34.152751

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    FAQs

    What type of property is this?
    Office space - Premium Office Space, CA.
    Where is this office space located?
    The property is located at 2945 Townsgate Rd Thousand Oaks, CA.
    What is the lease rate?
    The lease rate is $0.00-$183 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 20,788 square feet with 350 suites.; 5,970 square feet of vacant space currently available.; Suite sizes range from 10 to 1,300 contiguous square feet.
    Request Owner's contact information
    2945 Townsgate Rd Thousand Oaks, CA 91361
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    Thousand Oaks, CA 91361
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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.

    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
    2945 Townsgate Rd Thousand Oaks, CA 91361
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