Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    702 Lindero Canyon Rd Oak Park, CA 91377

    Sponsored
    For Lease
    $23 SF/Yr

    Prime Ventura County retail/restaurant spaces.

    Lot size:
    10,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional retail and restaurant opportunity is located at 702 Lindero Canyon Road in Oak Park, California, within Ventura County (zip code 91377). The property is classified as Class B and offers multiple tenancy options, making it ideal for a variety of businesses. Three individual spaces are currently available, ranging in size from 3,000 square feet to 4,100 square feet. The property's prime location in Oak Park provides excellent visibility and accessibility for customers. The "Prime Retail/Restaurant" subtype designation highlights the property's suitability for businesses in these sectors. This presents a unique chance to establish or expand a retail or restaurant operation in a thriving Ventura County community. The flexible space options allow for customization to suit individual business needs. The address is 702 Lindero Canyon Rd, Oak Park, CA 91377. Further details regarding lease terms and specific space configurations are available upon request. This is a remarkable opportunity to secure a prominent retail or restaurant presence in a desirable location. Don't miss out on this chance to establish your business in a vibrant and accessible area.

    Property Features for 702 Lindero Canyon Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,400 SF
    Class
    B

    Unit(s) available at that property

    Space
    Unit #728-34
    Size
    3,000 SF
    Rate per SF
    $23
    Space
    Unit #752
    Size
    3,300 SF
    Rate per SF
    $27
    Space
    Unit #746
    Size
    4,100 SF
    Rate per SF
    $23

    HighLights

    • Highly visible neighborhood shopping center serving Oak Park and North Ranch.
    • Located at the northeast corner of Kanan Road and Lindero Canyon Road.
    • Offers flexible lease terms.
    • Features a diverse tenant mix.
    • Includes a former restaurant space with a patio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Oak Park
    County
    Ventura
    State
    California
    Longitude
    -118.78560166078
    Latitude
    34.185534732164

    Nearby Comparable

    • $3 SF/Yr
      2,079 SF

      Retail Space for Lease

      Retail space available for lease in Thousand Oaks, CA.
      1155 Lindero Canyon Rd, Thousand Oaks, CA 91362
      View Details
    • $28 SF/Yr
      120,314 SF

      Westlake Village Retail Center

      Grocery-anchored retail spaces available
      1125-1165 Lindero Canyon Rd, Westlake Village, CA 91362
      View Details
    • Contact for pricing
      38,014 SF

      Oak Park Retail Center Investment

      Prime Retail Space, Oak Park, CA
      604 Lindero Canyon Rd, Oak Park, CA 91377
      View Details
    • $2 SF/Yr
      3,639 SF

      Retail Space on Lindero Canyon

      Retail space available for lease on Lindero Canyon Road.
      1125-1145 Lindero Canyon Rd, Thousand Oaks, CA 91362
      View Details
    • $2 SF/Yr
      6,427 SF

      Westlake Village Office Space

      Office building for lease in Westlake Village, California.
      1400 N Westlake Blvd, Westlake Village, CA 91362
      View Details
    • Contact for pricing
      86,695 SF

      North Ranch Gateway Retail Space

      Westlake Village retail center; prime location, high-income area.
      30805-30895 Thousand Oaks Blvd, Westlake Village, CA 91362
      View Details
    • $1.95 SF/Yr
      22,150 SF

      Westlake Village Office Space Available

      Office suite available in central Conejo Valley location.
      5703 Corsa Ave, Westlake Village, CA 91362
      View Details
    • $24 SF/Yr
      23,860 SF

      Westlake Atrium Executive Suites

      Prime Westlake Office Space Available
      31225 La Baya Dr, Westlake Village, CA 91362
      View Details
    • $2 SF/Yr
      20,965 SF

      Office Space in Westlake Village

      Office space available with common areas, kitchen, and conference room.
      5707 Corsa Ave, Westlake Village, CA 91362
      View Details
    • Contact for pricing
      15,674 SF

      Westlake Village Office/Warehouse Sublease

      Office/warehouse space available for sublease in Los Angeles.
      31316 Via Colinas, Westlake Village, CA 91362
      View Details
    • Contact for pricing
      19,058 SF

      Westlake Village Flex Space Available

      Flex space with high ceilings and walkable amenities for lease.
      31293 Via Colinas, Westlake Village, CA 91362
      View Details
    • $28 SF/Yr
      99,463 SF

      Westlake Village Executive Office Space

      Class A Office, 99,463 SF Available
      5601 Lindero Canyon Rd, Westlake Village, CA 91362
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      38,014 SF

      Oak Park Retail Center Investment

      Prime Retail Space, Oak Park, CA
      604 Lindero Canyon Rd, Oak Park, CA 91377
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Ventura County retail/restaurant spaces.
    Where is this restaurant located?
    The property is located at 702 Lindero Canyon Rd Oak Park, CA.
    What is the lease rate?
    The lease rate is $23-$27 SF/Yr.
    What are key features of this property?
    This property features: Highly visible neighborhood shopping center serving Oak Park and North Ranch.; Located at the northeast corner of Kanan Road and Lindero Canyon Road.; Offers flexible lease terms.
    Request Owner's contact information
    702 Lindero Canyon Rd Oak Park, CA 91377
    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.
    702 Lindero Canyon Rd
    Oak Park, CA 91377
    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.

    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
    702 Lindero Canyon Rd Oak Park, CA 91377
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.