Equipped Commercial
For Sale
$185,000
Kimber Drive, Thousand Oaks, CA 91320
Thousand Oaks, CA
Property Size1,050 SF
Price / SF$176.19
Days on Market101
Property Features for Kimber Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
TOW - Thousand Oaks West
Standard status
Active
Amenities
12x12 Walk-in Cooler
12ft Hood with Ansul Fire Suppression System
3 compartment sink
single compartment prep sink
mop sink
2 Floor drains
Grease Trap
Small private office
private restroom
Building Details
Year built
2012
Listing Agency:
Premier Options
(805) 482-6616
Listed By:
Becky Duarte · License #01232355
(805) 279-1668
Added: May 13
Changed: Aug 20
Last Checked: Aug 21 at 2:06PM
MLS# V1-36412
Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,050-SF commercial kitchen was built in 2012 and is offered with its installed equipment and food-service improvements. The facility includes a 12-by-12 walk-in cooler, a 12-foot hood with Ansul fire suppression, a double-door convection oven, two fryers, a warming cabinet, a 50-gallon water heater, sinks for washing and preparation, floor drains, and a grease trap. A private office and restroom are also included.
The property is a corner unit in Newbury Park with on-site parking and neighboring grab-and-go and other established tenants. The configuration is suited to commercial food production, catering operations, ghost-kitchen use, or a small storefront, subject to lease and applicable requirements. Recent equipment additions and interior improvements are in place, and the space is currently operating for daily food-service activity.
The property is a corner unit in Newbury Park with on-site parking and neighboring grab-and-go and other established tenants. The configuration is suited to commercial food production, catering operations, ghost-kitchen use, or a small storefront, subject to lease and applicable requirements. Recent equipment additions and interior improvements are in place, and the space is currently operating for daily food-service activity.
Key Highlights
- 1,050 SF commercial kitchen built in 2012
- 12x12 walk‑in cooler and 12ft hood with Ansul fire suppression system
- Double‑door Dukers convection oven with 5 racks
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
$12,231
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
6.61%
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%
$244,620
$244.6K
Cap Rate 7%
$174,729
$174.7K
Cap Rate 9%
$135,900
$135.9K
Market Conditions
NOI Build-Up for 1,050 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
$18.6K $17.76/SF
− Vacancy
−$1.2K −$1.12/SF
EGI
$17.5K $16.64/SF
− OpEx
−$5.2K −$4.99/SF
NOI
$12.2K $11.65/SF
Area
Thousand Oaks, CA
Vacancy
6.30%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
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%
$244,620
Cap Rate 7%
$174,729
Cap Rate 9%
$135,900
Alternative Uses
Best Use
Specialty Retail
$275.4K
$241.0K – $321.3K
NOI $19,276 @ 7.0% cap · market cap 10.42%
Second Best
Industrial
$174.7K
$152.9K – $203.9K
NOI $12,231 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$411.4K
$360.0K – $480.0K
NOI $28,800 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 91320, CA
44,462
Population
15,509
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,201
Density / Sq Mi
$150,861
Median Household Income
$62,932
Median Earnings
$2,617
Median Rent
$917,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Operational food-production space with specialized cooking equipment, cold storage, prep areas, and supporting commercial infrastructure.
Where is this commercial kitchen located?
The property is located at Kimber Drive Thousand Oaks, CA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,050 SF commercial kitchen built in 2012; 12x12 walk‑in cooler and 12ft hood with Ansul fire suppression system; Double‑door Dukers convection oven with 5 racks
