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

    11 Hillcrest Dr Thousand Oaks, CA 91360-4108

    • Strip malls
    • 32,672 SF
    • 3.42 lot acres
    OFF-MARKET
    Value Estimations
    $8,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1741205
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Air Conditioning Pros AC & HVAC Repair & Replacement Company Service / Air Conditioning Contractor
    • Historia Bakery Cafe / Bakery / Coffee Shop
    • The Habit Burger Grill / Hamburger Restaurant / Fast Food Restaurant

    Property Details for 11 Hillcrest Dr

    Year built
    1995
    Lot size
    3.42 lot acres
    Property size
    32,672 SF
    Zone code
    C3
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    669-0-030-265
    APU
    6690030265

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,995,000
      6.5%
      $9,230,000
      7%
      $8,570,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $13,690,000
      Current use
      INDUSTRIAL (GENERAL)
      $13,680,000
      Change: -0% Conversion: Difficult
      MEDICAL BUILDING
      $12,425,000
      Change: -9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $12,240,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,985,000
      Change: -20% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.875
    Latitude
    34.1815
    CBSA code
    37100
    CBSA name
    OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $164,291
    $8,202,345
    $7,658,671
    $15,861,016
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $765,000
      4,612 SF

      487 Moorpark Rd

      SHOPPING CENTER, STRIP CENTER • 4,612 SF
      487 Moorpark Rd, Thousand Oaks, CA 91360-3741
      View Details
    • Value Estimation
      $1,540,000
      12,336 SF

      428 Moorpark Rd

      SHOPPING CENTER, STRIP CENTER • 12,336 SF
      428 Moorpark Rd, Thousand Oaks, CA 91360-3702
      View Details
    • Value Estimation by Request
      1.73 Acres

      672 Moorpark Rd

      SHOPPING CENTER, STRIP CENTER • 1.73 Acres
      672 Moorpark Rd, Thousand Oaks, CA 91360-3704
      View Details
    • Value Estimation
      $2,010,000
      8,558 SF

      75 1000th Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 8,558 SF
      75 1000th Oaks Blvd, Thousand Oaks, CA 91360-5762
      View Details
    • Value Estimation by Request
      2,164 SF

      783 1000th Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 2,164 SF
      783 1000th Oaks Blvd, Thousand Oaks, CA 91360-6054
      View Details
    • Value Estimation by Request
      0.53 Acres

      672 Moorpark Rd

      SHOPPING CENTER, STRIP CENTER • 0.53 Acres
      672 Moorpark Rd, Thousand Oaks, CA 91360-3704
      View Details

    Similar Nearby for Sale

    • $4,500,000
      8,000 SF

      University Shopping Center Investment

      Thriving 6-tenant retail center in Thousand Oaks.
      409 Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • $4,000,000
      7,193 SF

      475 Avenida De Los Arboles

      Individual retail properties • 7,193 SF
      475 Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details
    • $579,000
      1,185 SF

      Thousand Oaks Home Near Wildwood

      Three-bedroom home near Wildwood Elementary with stainless steel appliances.
      463 Serento Cir, Thousand Oaks, CA 91360
      View Details
    • $2,100,000
      43,072 SF

      Bella Vista Medical Office

      Class A Medical Condo, Thousand Oaks
      555 Marin St, Thousand Oaks, CA 91360
      View Details
    • $7,500,000
      7.36 Acres

      Thousand Oaks Panoramic View Development

      Rare 7.5-acre residential development opportunity with panoramic views in Thousand Oaks.
      Calle Hondanada, Thousand Oaks, CA 91360
      View Details
    • $795,000
      7.70 Acres

      Thousand Oaks Development Opportunity

      7.7 acres near Westlake Village, ideal for development.
      622 E Carlisle Rd, Thousand Oaks, CA 91360
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      11,200 SF

      Thousand Oaks Retail Space Available

      Retail space for lease in high-traffic Thousand Oaks location.
      1625 Thousand Oaks Blvd, Thousand Oaks, CA 91360
      View Details
    • $48 SF/Yr
      2,002 SF

      Whole Foods Plaza Retail Space

      Thriving Thousand Oaks retail spaces available.
      650 Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      172,008 SF

      Collection at Janss: Retail Spaces

      Prime Thousand Oaks Retail Opportunity
      145 Hillcrest Dr, Thousand Oaks, CA 91360
      View Details
    • $30 SF/Yr
      16,654 SF

      Sun Plaza Retail Center: Thousand Oaks

      Prime Thousand Oaks Retail Space Available
      650-712 Thousand Oaks Blvd, Thousand Oaks, CA 91360
      View Details
    • $2 SF/Yr
      850 SF

      Prime Retail Space on Moorpark

      High-visibility retail space with flexible layout and natural light.
      540 North Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      12,143 SF

      Village Court Shopping Center

      Retail space available, high traffic area
      428 Moorpark Rd, Thousand Oaks, CA 91360
      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.
    11 Hillcrest Dr
    Thousand Oaks, CA 91360-4108
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.