Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3175 Old Conejo Rd Thousand Oaks, CA 91320

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Thousand Oaks Office Building, 84% Occupied

    Property size:
    6,523 SF

    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

    We can help!

    Listing Contact
    Paul Carrese
    Paul Carrese

    Listing Agency: Coldwell Banker Commercial NRT Palos Verdes Estates Listing Agent: Paul Carrese

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tina Klaas - State ... Insurance Agency Private Investigations Law Firm Clones Ventura County Corporate Office System Pavers General Contractor Larry Melchor Realtor Real Estate Agency

    Suggested Use

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

    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

    Nearby Similar for Sale

    • $5,500,000

      Moorpark Road Medical/Office Location

      Prime location near Los Robles Regional Medical Center.
      468 Pennsfield Pl, Thousand Oaks, CA 91360
      View Details
    • $1,400,000
      2,230 SF

      Freestanding Retail Building For Sale

      Freestanding retail building for sale, suitable for owner-users or investors.
      2831 E Thousand Oaks Blvd, Thousand Oaks, CA 91362
      View Details
    • $2,815,000

      Retail Property on Thousand Oaks

      Retail property near downtown revitalization corridor, Ventura County.
      2410 E Thousand Oaks Blvd, Thousand Oaks, CA 91362
      View Details
    • Contact for pricing
      13,838 SF

      Thousand Oaks Premium Office Building

      Two-story, fully renovated office building near Moorpark Road corridor.
      241 Lombard St, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      12,200 SF

      Furnished Office in Medical Complex

      Private, furnished office space suitable for therapy or counseling.
      128 Auburn Ct, Thousand Oaks, CA 91362
      View Details
    • $6,999,999
      23,919 SF

      Remodeled Newbury Park Corporate HQ

      High-image industrial building with lab space near Amgen campus.
      3615 Old Conejo Rd, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      6,018 SF

      Newbury Park Versatile Condo

      Versatile building suitable for warehouse, manufacturing, showroom, or R&D.
      3281 Grande Vista Dr, Thousand Oaks, CA 91320
      View Details
    • $4,500,000
      8,000 SF

      University Shopping Center Investment

      Thriving 6-tenant retail center in Thousand Oaks.
      409 Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • $799,000
      1,647 SF

      Westlake Village Office Condo Investment

      Prime first-floor office condo in Westlake Village, California.
      141 Duesenberg Dr, Thousand Oaks, CA 91362
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Thousand Oaks Office Building, 84% Occupied
    Where is this office property 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.
    (949) 285-4498 Call to check price and availability
    Request Owner's contact information
    3175 Old Conejo Rd Thousand Oaks, CA 91320
    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.
    3175 Old Conejo Rd
    Thousand Oaks, CA 91320
    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
    3175 Old Conejo Rd Thousand Oaks, CA 91320
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Carrese
    Paul Carrese
    Real Estate License ID: 01356791
    (949) 285-4498 (310) 544-9999 (310) 910-1547
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!