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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Medical Office Space
1240 Westlake Blvd Ste 113 Thousand Oaks, CA 91361-1977
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1609955
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
1,978 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C1
APN
699-0-290-045
UPID
US10-1609955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$929k
Blend (final)
Blend
$1.04M
Owner & transaction history
K&l Family Properties LLC · 5 yrs held
K&l Family Properties LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C1 · Thousand Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$905,000
+20.1%
Neighborhood: shopping center
$830,000
+10.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Thousand Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thousand Oaks submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,215,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$750,000
Current use
OFFICE BUILDING
$905,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.02M (Jun 15 2021)
Last sale anchor
$1.02M
Jun 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$523 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,228
Tax year 2023
Assessed value
$1,079,779
Assessed 2024
Previous assessed
$1,058,607
+2.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$431,912
Assessed improvement
$647,867
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Total area
1,978 SF
Lot
0.19 ac (8,276 SF)
Zoning code
C1
APN
699-0-290-045
UPID
US10-1609955
Jurisdiction
VENTURA
Zoning & alternative use
C1 · Thousand Oaks, CA
Zoning C1 · permitted uses
C1 · Thousand Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thousand Oaks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$750,000
OFFICE BUILDING
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$665,000
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
K&l Family Properties LLC
Entity
Mailing address
1555 SYCAMORE CYN DR, WESTLAKE VILLAGE, CA 91361-5590
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
K&l Family Properties LLC
—
Deed
related
$551,000 · California Statewide Certified Developme
Jun 15, 2021
$1,017,500
K&l Family Properties LLC
Harry & Mildred Myers Fam Investmen
Grant Deed
$677,500 · Jpmorgan Chase Bank NA
Mar 29, 2018
$954,100
Harry & Mildred Myers Fam Invs
Bliman Family Trust
Grant Deed
—
Aug 6, 2013
$840,000
Bliman Family Trust
Dhanes Family Trust
Grant Deed
—
Feb 15, 2005
—
Dhanes Family Trust
Dhanes,richard P
Quit Claim Deed
related
—
Oct 31, 1988
$415,500
Richard Dhanes
Westl
Grant Deed
$366,000 · Money Store California
—
—
Dhanes Family Trust
—
Deed Of Trust
related
$116,000 · Dhanes Family Trust
—
—
Dhanes Family Trust
—
Deed Of Trust
related
$138,000 · Dhanes Family Trust
—
—
Richard P Dhanes
—
Deed Of Trust
related
$320,000 · Camarillo Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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