Add Listing
    For Lease
    • 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

    223 Thousand Oaks Blvd Thousand Oaks, CA 91360

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

    Prime Conejo Valley office suites, 639-1960 sq ft.

    Lot size:
    49,472 SF

    Property Features for 223 Thousand Oaks Blvd

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,472 SF
    Class
    B
    Total Rate
    101417.6

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    4

    Spaces For Lease

    at 223 Thousand Oaks Blvd, Thousand Oaks, CA 91360 Contact us
    Unit Suite 216

    $24 /Mo

    Size
    639 SF
    Contact us
    Unit Suite 320

    $24 /Mo

    Size
    1,960 SF
    Contact us

    We can help!

    Listing Contact
    Mason Gray

    Listing Agency: CBRE - Ventura Listing Agent: Mason Gray

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

    Learn more

    Overview

    This exceptional office property, located at 223 E. Thousand Oaks Blvd. in Thousand Oaks, CA 91360, offers a fantastic opportunity for businesses seeking flexible and well-located space. The building, a Class B property constructed in 1965, comprises 49,472 square feet across four stories. It features a single building with elevator access, making it convenient for tenants and their clients. Currently, there are multiple tenancies available, with a minimum divisible space of 639 square feet and a maximum contiguous space of 1,960 square feet. A total of 4,857 square feet is currently vacant and ready for immediate occupancy. The property is situated in the desirable Conejo Valley submarket of Ventura County, providing easy access to local amenities and major transportation routes. This is an ideal location for businesses seeking a well-established and accessible office environment in the thriving Thousand Oaks market. The building's traditional office layout offers a classic and functional workspace, perfect for a variety of business needs. Contact us today to learn more about the available spaces and schedule a viewing.
    Property Profile Location Intelligence

    Current Use by Public Records

    David Cordero - Alameda ... Loan Service Skyline Home Loans ... Loan Service Greenwich Village Appliance ... Home Appliance Store Orion Structural Group, ... Structural Engineer 1000Oaks Dental & Implants Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply 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
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.87268316444
    Latitude
    34.179264320989

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Russell Ranch Parkway

      Discover many ways to work your way in Russell Ranch Parkway
      30700 Russell Ranch Rd, Thousand Oaks, CA 91361
      View Details
    • Contact for pricing

      Westlake Park Place

      Discover many ways to work your way in Westlake Park Place
      2945 Townsgate Rd, Thousand Oaks, CA 91361
      View Details
    • Contact for pricing
      110,375 SF

      Class A Office/Medical Building

      Office/medical building with freeway access and nearby amenities.
      225 West Hillcrest Dr, Thousand Oaks, CA 91360
      View Details
    • $1.60 SF/Yr
      5,750 SF

      Thousand Oaks Office Space

      High-tech office space with freeway access, Thousand Oaks, CA.
      810 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing
      18,371 SF

      Former CVS Retail Space Available

      Retail space with high visibility and ample parking.
      123 North Reino Rd, Thousand Oaks, CA 91320
      View Details
    • $1.75 SF/Yr
      13,548 SF

      Thousand Oaks Office Sublease

      Office space available for sublease in Thousand Oaks, CA.
      1461 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • $2 SF/Yr
      6,000 SF

      Retail Space on Thousand Oaks

      Retail building with frontage on Thousand Oaks Boulevard available for rent.
      1414 East Thousand Oaks Blvd, Thousand Oaks, CA 91362
      View Details
    • $1.75 SF/Yr

      Neighborhood Center Near Amgen

      Neighborhood center with easy freeway access and diverse tenants.
      2315-2409 Michael Dr, Newbury Park, CA 91320
      View Details
    • $1.75 SF/Yr

      Thousand Oaks Office Suites Available

      Office suites for lease in a two-story building.
      2667 N Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • $1.00 SF/Yr

      Medical/Office Space Near Amenities

      Medical/office space near freeway, hospital, university, and shopping center.
      430 E Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • $2 SF/Yr
      850 SF

      Prime Retail Space on Moorpark

      High-visibility retail space with flexible layout and natural light.
      540 North Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • $1.95 SF/Yr

      Retail Space in Thousand Oaks

      Shell space in a strip center with street frontage.
      722 Wendy Dr, Thousand Oaks, CA 91320
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Conejo Valley office suites, 639-1960 sq ft.
    Where is this office property located?
    The property is located at 223 Thousand Oaks Blvd Thousand Oaks, CA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Prime Thousand Oaks location with high visibility.; Walkable to shopping and restaurants.; On-site property management.
    (805) 288-4716 Call to check price and availability
    Request Owner's contact information
    223 Thousand Oaks Blvd Thousand Oaks, CA 91360
    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.
    223 Thousand Oaks Blvd
    Thousand Oaks, CA 91360
    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
    223 Thousand Oaks Blvd Thousand Oaks, CA 91360
    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
    Mason Gray
    Real Estate License ID: 02035347
    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!