Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2876 Sycamore Dr Simi Valley, CA 93065

    • Office Properties & Spaces
    • 2,659 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Simi Hills Medical center / Medical Clinic
    • Abdul Nawabi, MD / Medical Clinic
    • Alamo Hills Medical Group / Pediatrician / Physician
    • West Coast Hearing & Balance / Medical Clinic
    • Family Medicine, Endocrinology: Adventist Health Physicians Network Alamo Hills / Medical Clinic

    Property Details for 2876 Sycamore Dr

    Year built
    1985
    Property size
    2,659 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional 1,200 square foot medical office space is situated within the Simi Hills Medical Center, a multi-tenant building located at 2876 Sycamore Dr, Ste 301A, Simi Valley, CA 93065. Built in 1985, the building offers a total of 2,659 square feet on a 1.75-acre lot in Ventura County. The available space is ideal for a variety of medical practices or executive office uses. The property boasts ample parking, with a ratio of 3.08 spaces per 1,000 square feet. This presents a unique opportunity to establish or expand your business in a thriving Simi Valley location. The property is classified as both Office and Industrial, and the suite is ready for immediate occupancy. The building's multi-tenant nature provides a collaborative and professional environment. The address is easily accessible and benefits from excellent visibility. This is a rare opportunity to secure a well-located, move-in ready medical or executive office space in a desirable area. Don't miss out on this chance to secure your business's future in this prime Simi Valley location. Contact us today to schedule a viewing.

    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
    -118.743
    Latitude
    34.2879

    Comparable in this City

    • Value Estimation by Request

      1775 Erringer Rd

      Medical offices
      1775 Erringer Rd, Simi Valley, CA 93065
      View Details
    • Value Estimation by Request
      26,000 SF

      2876 Sycamore Dr

      Medical offices • 26,000 SF
      2876 Sycamore Dr, Simi Valley, CA 93065
      View Details
    • Value Estimation
      $2,105,000
      9,743 SF

      1755 Erringer Rd

      MEDICAL BUILDING • 9,743 SF
      1755 Erringer Rd, Simi Valley, CA 93065-6507
      View Details
    • Value Estimation
      $845,000
      2,816 SF

      525 Los Angeles Ave

      MEDICAL BUILDING • 2,816 SF
      525 Los Angeles Ave, Simi Valley, CA 93065-1816
      View Details
    • Value Estimation
      $895,000
      2,788 SF

      1164 Swallow Ln

      MEDICAL BUILDING • 2,788 SF
      1164 Swallow Ln, Simi Valley, CA 93065-3154
      View Details
    • Value Estimation
      $4,550,000
      31,315 SF

      2925 Sycamore Dr

      MEDICAL BUILDING • 31,315 SF
      2925 Sycamore Dr, Simi Valley, CA 93065-1207
      View Details

    Similar Nearby for Sale

    • $3,100,000
      25,403 SF

      Medical Office Condo First Floor

      Medical office condo for sale or lease, entire first floor.
      2876 N Sycamore Dr, Simi Valley, CA 93065
      View Details
    • $928,000
      39,983 SF

      New Industrial Condominiums For Sale

      New industrial condominiums with highway access in Simi Valley/Moorpark.
      865-875 E Cochran St, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      37,514 SF

      New Industrial Units For Sale

      New industrial units for sale in Simi Valley, CA.
      600-620 Cochran St, Simi Valley, CA 93065
      View Details
    • $682,500
      5,006 SF

      Simi Valley Office Building Interest

      Undivided interest in well-maintained, multi-tenant office building for sale.
      1791 Erringer Rd, Simi Valley, CA 93065
      View Details
    • $660,000
      1,650 SF

      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
    • $1,150,000
      2,579 SF

      New Construction Flex Space Available

      New construction flex space in professional business park for sale.
      875 Cochran St, Simi Valley, CA 93065
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      12,613 SF

      Royal Medical Plaza: Simi Valley

      Medical Office Suites for Lease
      2045 Royal Ave, Simi Valley, CA 93065
      View Details
    • $26 SF/Yr
      33,682 SF

      Sycamore Medical Office Building

      Simi Valley medical office space available
      2925 Sycamore Dr, Simi Valley, CA 93065
      View Details
    • $12 SF/Yr
      22,162 SF

      Executive Suites Simi Valley

      Prime Office Space, Ventura County
      685 Cochran St, Simi Valley, CA 93065
      View Details
    • $27 SF/Yr
      6,811 SF

      Prime Simi Valley Executive Suites

      Modern Office Space, Flexible Sizes Available
      1445 Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • $1.27 SF/Yr
      29,769 SF

      Freestanding Building Near Simi Valley

      Freestanding industrial building with freeway identity and access.
      997 Flower Glen St, Simi Valley, CA 93065
      View Details
    • $1.65 SF/Yr
      37,517 SF

      Industrial Space in Simi Valley

      Industrial property in Simi Valley/Moorpark with abundant parking.
      4590-4596 Ish Dr, 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.
    2876 Sycamore Dr
    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

    Google sign-in failed. Please try again or use another login method.