Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2244 1St St Simi Valley, CA 93065

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2244 1St St Simi Valley, CA 93065

    View on Map
    • Warehouses
    • 10,133 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2244 1St St

    Property size
    10,133 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 10,133-square-foot warehouse, located at 2244 First Street in Simi Valley, California, presents a compelling investment opportunity. Priced at $1,750,000 ($40/sq ft), this property boasts a generous 43,652-square-foot lot and is zoned for Light Industrial use, making it ideal for a variety of businesses. The warehouse features one loading dock and two dock-high doors, ensuring efficient loading and unloading operations. With a ceiling height of 23 feet, the space offers ample vertical storage capacity. The property includes 21 parking spaces, providing convenient parking for employees and clients. Its prime location offers immediate freeway access and is situated near numerous retail amenities, enhancing its overall appeal and functionality. The property's APN is 632-0-320-525. This fully entitled property benefits from its prominent location on a major street, making it highly visible and easily accessible. Its strategic location and versatile zoning make it an excellent choice for wholesale-related businesses or similar operations. This is a rare opportunity to acquire a well-located, functional warehouse in a thriving area of Simi Valley, Ventura County, CA 93065.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.778
    Latitude
    34.2762

    Comparable in this City

    • Value Estimation by Request
      9,033 SF

      780 Chambers Ln

      Distribution properties • 9,033 SF
      780 Chambers Ln, Simi Valley, CA 93065
      View Details
    • Value Estimation
      $580,000
      1.33 Acres

      2073 Royal Ave

      WAREHOUSE, STORAGE • 1.33 Acres
      2073 Royal Ave, Simi Valley, CA 93065-4621
      View Details
    • Value Estimation
      $5,875,000
      68,900 SF

      2167 1st St

      WAREHOUSE, STORAGE • 68,900 SF
      2167 1st St, Simi Valley, CA 93065-2821
      View Details
    • Value Estimation
      $6,510,000
      75,121 SF

      1225 Cochran St

      WAREHOUSE, STORAGE • 75,121 SF
      1225 Cochran St, Simi Valley, CA 93065-1928
      View Details
    • Value Estimation
      $4,485,000
      43,190 SF

      120 Easy St

      WAREHOUSE, STORAGE • 43,190 SF
      120 Easy St, Simi Valley, CA 93065-1689
      View Details
    • Value Estimation
      $8,840,000
      76,388 SF

      445 Easy St

      WAREHOUSE, STORAGE • 76,388 SF
      445 Easy St, Simi Valley, CA 93065-7552
      View Details

    Similar Nearby for Sale

    • $4,300,000

      New Townhomes in Simi Valley

      Six new construction townhomes with modern design and smart amenities.
      1740 Patricia Ave, Simi Valley, CA 93065
      View Details
    • $1,157,500
      2,579 SF

      Commercial Property in Simi Valley

      Commercial property with 2579 square feet of space.
      875 Cochran St, Simi Valley, CA 93065
      View Details
    • $3,200,000

      Del Taco Ground Lease Opportunity

      Passive net lease investment with zero landlord responsibilities.
      1098 Enchanted Way, Simi Valley, CA 93065
      View Details
    • $999,000
      150,282.00 Acres

      Simi Valley Buildable Land

      3.45 acres to build your dream home.
      Young Wolf Dr, Simi Valley, CA 93065
      View Details
    • $660,000

      Freestanding Office Building in Simi

      Two freestanding office buildings totaling 1,650 SF in Simi Valley.
      1951 Galt St, Simi Valley, CA 93065
      View Details
    • $4,300,000
      10,500 SF

      New Townhomes in Simi Valley

      Six new construction townhomes with modern amenities in Simi Valley.
      1740 Patricia Ave, Simi Valley, CA 93065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      237,266 SF

      Simi Valley Industrial Sublease

      Industrial space available for sublease in Simi Valley, CA.
      355 E Easy St, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      7,237 SF

      Simi Valley Warehouse Space Available

      Warehouse space for rent with highway access and retail amenities.
      29 W Easy St, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      7,001 SF

      Simi Valley Warehouse Space Available

      Warehouse space for rent with 22' clearance height.
      21 W Easy St, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      29,769 SF

      Simi Valley Industrial Property

      29,769 SF industrial facility for lease in Simi Valley.
      997 Flower Glen St, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      5,962 SF

      Professional Business Park Flex Space

      Flex space in a gated Simi Valley business park.
      23 W Easy St, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      4,206 SF

      Professional Business Park Flex Space

      Flex space in a high-image, gated business park.
      25 W Easy St, Simi Valley, CA 93065
      View Details
    Request Owner's contact information
    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.
    2244 1St St
    Simi Valley, CA 93065
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2244 1St St, Simi Valley, CA, 93065

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!