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    3175 Old Conejo Rd Thousand Oaks, CA 91320

    For Sale
    Contact for pricing

    Prime Thousand Oaks Office Building, 84% Occupied

    Property size:
    6,523 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional two-story, 6,523 square foot office building in Thousand Oaks, California presents a compelling investment opportunity. Located at 3175 Old Conejo Rd, 91320, this Class B property boasts a desirable location just off the 101 Freeway, offering convenient access and high visibility. Built in 2008, the building features a single structure with an elevator and ample parking (24 spaces per 1,000 sq ft). The property is currently 84% occupied as of February 6, 2023, with a pro-forma NOI of $109,990 and a 5.00% cap rate. Each suite is individually metered for electricity and benefits from a separate HVAC system, ensuring efficient energy management and tenant comfort. The building's design is bright and airy, with every suite enjoying a corner location. Leases include annual rent bumps, utilizing AIR lease forms. Importantly, there is no deferred maintenance. Two second-floor suites are available for immediate occupancy, presenting an ideal opportunity for an owner-user. This stabilized investment offers a strong cash flow with the potential for future growth. The property's features include executive and traditional office spaces, making it suitable for a variety of tenants. The building is well-maintained and offers a comfortable and productive work environment.

    Property Features for 3175 Old Conejo Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,523 SF
    Class
    B

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    2

    HighLights

    • 84% Occupancy Rate.
    • Staggered Lease Expirations.
    • Annual Rent Increases.
    • Standard AIR Lease Agreements.
    • No Deferred Maintenance.
    • Individual Electric Metering per Suite.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tina Klaas - State ... Insurance Agency Private Investigations Private Investigator Clones Ventura County Corporate Office System Pavers Paving Contractor Larry Melchor Realtor Real Estate Agent

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.9425548
    Latitude
    34.19077975

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Thousand Oaks Office Building, 84% Occupied
    Where is this office property / space located?
    The property is located at 3175 Old Conejo Rd Thousand Oaks, CA.
    What are key features of this property?
    This property features: 84% Occupancy Rate.; Staggered Lease Expirations.; Annual Rent Increases.
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    3175 Old Conejo Rd Thousand Oaks, CA 91320
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    Realmo Value Estimation

    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.

    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
    3175 Old Conejo Rd Thousand Oaks, CA 91320
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