Free Standing Flex Industrial
For Sale
Contact for pricing
98 W Cochran St, Simi Valley, CA 93065
Free standing flex/industrial building in a business park setting with immediate access to Highway 118.
Property Size14,578 SF
Price / SF$365
Days on Market164
Property Features for 98 W Cochran St
General Information
Standard status
Active
Size
14,578 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Daum Commercial
(818) 887-3600
Listed By:
Taylor Jocoy · License #02049497
(818) 483-3627
Source:
Moodyscre
Added: Apr 6
Changed: Sep 9
Last Checked: Sep 15 at 9:46AM
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
Investment Insights
Based on property information with market context.
A free standing flex/industrial building available for sale or lease, situated within a professional business park environment. The property is described as suited for a range of owner-user and investment possibilities, with a configuration that supports multiple occupancy strategies.
Located at 98 W Cochran St in Simi Valley, CA, the building offers immediate access to Highway 118. It is also within walking distance to numerous retail amenities, supporting convenient day-to-day access for staff and customers.
For businesses evaluating an established industrial flex option in a business park setting, this property provides a straightforward, independent building format with convenient highway connectivity and nearby retail services.
Located at 98 W Cochran St in Simi Valley, CA, the building offers immediate access to Highway 118. It is also within walking distance to numerous retail amenities, supporting convenient day-to-day access for staff and customers.
For businesses evaluating an established industrial flex option in a business park setting, this property provides a straightforward, independent building format with convenient highway connectivity and nearby retail services.
Key Highlights
- Free‑standing flex/industrial building in a business park setting
- Immediate access to Highway 118
- Walking distance to numerous retail amenities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$193,532
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,870,640
$3.9M
Cap Rate 7%
$2,764,743
$2.8M
Cap Rate 9%
$2,150,356
$2.2M
Market Conditions
NOI Build-Up for 14,578 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$323.6K $22.20/SF
− Vacancy
−$25.9K −$1.78/SF
EGI
$297.7K $20.42/SF
− OpEx
−$104.2K −$7.15/SF
NOI
$193.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,870,640
Cap Rate 7%
$2,764,743
Cap Rate 9%
$2,150,356
Alternative Uses
Best Use
Flex RnD
$2.76M
$2.42M – $3.23M
NOI $193,532 @ 7.0% cap · market cap 3.64%
Second Best
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,067 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,847 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
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Frequently Asked Questions
What type of property is this?
Flex space - Free standing flex/industrial building in a business park setting 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 $5,320,970.
What are key features of this property?
This property features: Free‑standing flex/industrial building in a business park setting; Immediate access to Highway 118; Walking distance to numerous retail amenities
