Industrial Flex Condominium
For Sale
Contact for pricing
98 W Cochran St, Simi Valley, CA 93065
Flex/industrial condo in a professional business park with immediate access to Highway 118.
Property Size3,263 SF
Price / SF$355
Days on Market213
Property Features for 98 W Cochran St
General Information
Standard status
Active
Size
3,263 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Yes
Highway Access
Yes
Listing Agency:
Daum Commercial
(818) 887-3600
Listed By:
Taylor Jocoy · License #02049497
(818) 483-3627
Source:
Moodyscre
Added: Apr 6
Changed: Nov 3
Last Checked: Nov 4 at 12:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Daum Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial flex condominium unit is located within a professional business park environment in Simi Valley, CA. The property is designated under county land use as 2029 industrial condominium.
The site offers immediate access to Highway 118, with numerous retail amenities within walking distance.
Measuring 3,263 square feet, the unit is suited for flexible industrial and business uses consistent with its industrial condominium designation.
The site offers immediate access to Highway 118, with numerous retail amenities within walking distance.
Measuring 3,263 square feet, the unit is suited for flexible industrial and business uses consistent with its industrial condominium designation.
Key Highlights
- Flex/industrial condo in a professional business park setting
- Immediate access to Highway 118
- Walking distance to numerous retail amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,318
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,360
$866.4K
Cap Rate 7%
$618,829
$618.8K
Cap Rate 9%
$481,311
$481.3K
Market Conditions
NOI Build-Up for 3,263 SF
Gross rent
$72.4K $22.20/SF
− Vacancy
−$5.8K −$1.78/SF
EGI
$66.6K $20.42/SF
− OpEx
−$23.3K −$7.15/SF
NOI
$43.3K $13.28/SF
Area
Simi Valley, CA
Vacancy
8.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,360
Cap Rate 7%
$618,829
Cap Rate 9%
$481,311
Alternative Uses
Best Use
Flex RnD
$618.8K
$541.5K – $722.0K
NOI $43,318 @ 7.0% cap · market cap 3.74%
Second Best
Industrial
$383.9K
$335.9K – $447.9K
NOI $26,875 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,277 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93065, CA
73,943
Population
26,260
Households
2.8
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
29.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$113,893
Median Household Income
$57,549
Median Earnings
$2,612
Median Rent
$759,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Tacos Famosos — Serving most of Ventura County, Other cities may be available. Additional charges will apply., Simi
Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial condo in a professional business park with immediate access to Highway 118.
Where is this flex space located?
The property is located at 98 W Cochran St Simi Valley, CA.
What is the asking price?
The asking price for this property is $1,158,365.
What are key features of this property?
This property features: Flex/industrial condo in a professional business park setting; Immediate access to Highway 118; Walking distance to numerous retail amenities
