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    3102 Thousand Oaks Blvd Thousand Oaks, CA 91362
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    Property profile & analytics

    3102 Thousand Oaks Blvd, Thousand Oaks, CA 91362

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    • Retail properties & Spaces
    • 2,289 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Thousand Oaks Towing services / Auto Repair Shop
    • 76 / Gas Station
    • TrueZero - Hydrogen Fuel Station / Gas Station

    Property Details for 3102 Thousand Oaks Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.836
    Latitude
    34.1691

    Comparable in this City

    • Value Estimation
      $625,000
      1,736 SF

      3995 1000th Oaks Blvd

      SERVICE STATION (FULL SERVICE)
      3995 1000th Oaks Blvd, Westlake Village, CA 91362-3610
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    • Value Estimation by Request
      1,884 SF

      3050 1000th Oaks Blvd

      SERVICE STATION (FULL SERVICE)
      3050 1000th Oaks Blvd, Thousand Oaks, CA 91362-3401
      View Details
    • Value Estimation by Request
      2,289 SF

      3102 1000th Oaks Blvd

      SERVICE STATION (FULL SERVICE)
      3102 1000th Oaks Blvd, Thousand Oaks, CA 91362-3403
      View Details
    • Value Estimation by Request
      1,856 SF

      2473 1000th Oaks Blvd

      SERVICE STATION (FULL SERVICE)
      2473 1000th Oaks Blvd, Thousand Oaks, CA 91362-3252
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    • Value Estimation by Request
      567 SF

      1715 1000th Oaks Blvd

      SERVICE STATION (FULL SERVICE)
      1715 1000th Oaks Blvd, Thousand Oaks, CA 91362-4403
      View Details
    • Value Estimation
      $18,670,000
      50,220 SF

      5770 Lindero Cyn Rd

      GROCERY, SUPERMARKET
      5770 Lindero Cyn Rd, Westlake Village, CA 91362-4088
      View Details

    Similar Nearby for Sale

    • $2,815,000

      Retail Property on Thousand Oaks

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      Freestanding Retail Building For Sale

      Freestanding retail building for sale, suitable for owner-users or investors.
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      Retail Space in Thousand Oaks

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      Westlake Village Industrial Facility

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      Westlake Village Flex Building Opportunity

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    Similar Nearby for Lease

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      Thousand Oaks Retail Space

      Retail property available for lease in Thousand Oaks, CA.
      2219 Conejo School Rd, Thousand Oaks, CA 91362
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    • Contact for pricing
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      Retail Units For Lease

      Retail units available for lease in Thousand Oaks, California.
      2835-2839 E Thousand Oaks Blvd, Thousand Oaks, CA 91362
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      2,079 SF

      Retail Space for Lease

      Retail space available for lease in Thousand Oaks, CA.
      1155 Lindero Canyon Rd, Thousand Oaks, CA 91362
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      940 SF

      Retail Space Available For Rent

      Retail space available for lease in Thousand Oaks, CA.
      3731-3749 Thousand Oaks Blvd, Thousand Oaks, CA 91362
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      2,079 SF

      Retail Space on Lindero Canyon

      Retail space available for lease on Lindero Canyon Road.
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    • $2 SF/Yr
      1,400 SF

      Grocery Anchored Retail Space

      Newly renovated shopping center in North Thousand Oaks area.
      Swc Avenia De Los Arboles/Erbes Rd, Thousand Oaks, CA 91362
      View Details
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    Thousand Oaks, CA 91362
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    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
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