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    2199-2277 Michael Dr Thousand Oaks, CA 91320

    For Lease
    $24 SF/Yr

    11-Story Strip Center w/ 1 Space Available

    Lot size:
    24,606 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 24,606 square foot, single-story retail and office strip center in Ventura County boasts a prime location with high pedestrian and automobile traffic. Currently, one 1,200 square foot space is available, featuring four offices and a waiting area. The property, built in 1980, sits on a 3.19-acre lot and offers 160 parking spaces, newly paved and striped, with convenient access from Michael Drive and Newbury Road. The building enjoys a strong tenant mix including a vet clinic, wine and spirit store, Mexican restaurant, steakhouse, and vegan restaurant. Its strategic location near the 101 and 23 freeways provides excellent accessibility. The surrounding area offers a wealth of amenities, including restaurants, lodging, schools, libraries, medical centers (such as Los Robles Regional Medical Center and Thousand Oaks Surgical Hospital), and major retailers like Target, Walmart, Home Depot, Lowe's, and numerous national chains. A pylon sign and signalized intersection further enhance visibility. The available space is priced at $2.50 per square foot plus $0.50 per square foot NNN per month. Don't miss this opportunity to secure a space in a thriving commercial center.

    Property Features for 2199-2277 Michael Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,606 SF
    Total Rate
    49212

    Building Details

    Year Built
    1980
    Stories
    11

    Unit(s) available at that property

    Space
    1st Floor, Suite 2239
    Size
    1,200 SF
    Rate per SF
    $24

    HighLights

    • 24,606 square foot retail and office strip center on a 3.19‑acre lot in Ventura County.
    • One 1,200 square foot retail space available.
    • Building features include abundant parking, access from Michael Drive & Newbury Road, a newly paved parking lot, and a pylon sign at a signalized intersection.
    • Strong co‑tenancy includes a diverse mix of restaurants, retail, and service businesses.
    • Excellent location with high traffic counts and proximity to major freeways (101 and 23), Los Robles Regional Medical Center, and numerous national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.92849480435
    Latitude
    34.182611414879

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    FAQs

    What type of property is this?
    Neighborhood center - 11-Story Strip Center w/ 1 Space Available
    Where is this neighborhood center located?
    The property is located at 2199-2277 Michael Dr 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: 24,606 square foot retail and office strip center on a 3.19-acre lot in Ventura County.; One 1,200 square foot retail space available.; Building features include abundant parking, access from Michael Drive & Newbury Road, a newly paved parking lot, and a pylon sign at a signalized intersection.
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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
    2199-2277 Michael Dr Thousand Oaks, CA 91320
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