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

    1304 Newbury Rd Thousand Oaks, CA 91320-3646

    • Auto shops
    • 11,328 SF
    • 1.07 lot acres
    OFF-MARKET
    Last Sale
    Feb 04, 2022
    $4,871,000
    Value Estimations
    $5,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1459210
    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

    • Big Brand Tire & Service / Auto Air Conditioning Service / Auto Repair Shop
    • AAMCO Transmissions & Total Car Care / Auto Repair Shop / Brake Shop
    • AAMCO Thousand Oaks, CA / Car Repair And Maintenance

    Property Details for 1304 Newbury Rd

    Year built
    1976
    Lot size
    1.07 lot acres
    Property size
    11,328 SF
    Zone code
    C2
    Property type
    Auto shops
    APN
    660-0-010-550
    APU
    6600010550

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,055,000
      ML approach
      $5,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,697,000
      Market price range: $1.79M - $6.51M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $4,245,000
      Current use
      RESTAURANT
      $5,475,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $5,175,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,745,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $4,310,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,165,000
      Change: -2% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,810,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.909
    Latitude
    34.1835
    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
    $35,623
    $2,080,800
    $2,986,988
    $5,067,788
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $660,000
      1,845 SF

      2305 Borchard Rd

      SERVICE STATION (FULL SERVICE) • 1,845 SF
      2305 Borchard Rd, Thousand Oaks, CA 91320-3205
      View Details
    • Value Estimation
      $420,000
      592 SF

      1312 Newbury Rd

      CAR WASH • 592 SF
      1312 Newbury Rd, Thousand Oaks, CA 91320-3607
      View Details
    • Value Estimation
      $720,000
      5.20 Acres

      Thousand Oaks, CA 91320

      PARKING LOT • 5.20 Acres
      Thousand Oaks, CA 91320
      View Details
    • Value Estimation
      $320,000
      0.22 Acres

      Ventu Park Rd

      PARKING LOT • 0.22 Acres
      Ventu Park Rd, Newbury Park, CA 91320
      View Details
    • Value Estimation
      $710,000
      1.76 Acres

      772 Rancho Conejo Blvd

      PARKING LOT • 1.76 Acres
      772 Rancho Conejo Blvd, Thousand Oaks, CA 91320-1711
      View Details
    • Value Estimation
      $675,000
      4.00 Acres

      950 Rancho Conejo Blvd

      PARKING LOT • 4.00 Acres
      950 Rancho Conejo Blvd, Thousand Oaks, CA 91320
      View Details

    Similar Nearby for Sale

    • $1,985,940
      6,018 SF

      Newbury Park Versatile Condo

      Versatile building suitable for warehouse, manufacturing, showroom, or R&D.
      3281 Grande Vista Dr, Thousand Oaks, CA 91320
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    • Contact for pricing
      105,215 SF

      Thousand Oaks Industrial Flex Building

      105,215 SF Flex Space, 100% Leased
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    • Contact for pricing
      6,523 SF

      Newbury Park Office Investment

      Prime Thousand Oaks Office Building, 84% Occupied
      3175 Old Conejo Rd, Thousand Oaks, CA 91320
      View Details
    • $2,100,000
      231,304 SF

      Industrial Land Near 101 Freeway

      5.31 acres of industrial land with freeway access.
      1400 Old Conejo Rd, Thousand Oaks, CA 91320
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    • $35,000
      0.25 Acres

      Land in Serene Newbury Park

      Land with mature oak trees and seasonal creek in California.
      Rudolph Dr, Newbury Park, CA 91320
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    • $273,000

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      Updated home in a desirable mobile home park.
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    Similar Nearby for Lease

    • $30 SF/Yr
      26,800 SF

      Newbury Park Retail Spaces

      Kohl's-anchored center, prime location.
      1940 Newbury Rd, Thousand Oaks, CA 91320
      View Details
    • $24 SF/Yr
      24,606 SF

      Prime Ventura County Retail/Office Space

      11-Story Strip Center w/ 1 Space Available
      2199-2277 Michael Dr, Thousand Oaks, CA 91320
      View Details
    • $39 SF/Yr
      23,239 SF

      Village at Newbury Retail Space

      Prime Retail Space, High Foot Traffic
      1015 Broadbeck Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing
      18,700 SF

      Newbury Park Plaza Retail Space

      Prime Thousand Oaks Retail Opportunity
      123 Reino Rd, Thousand Oaks, CA 91320
      View Details
    • $3 SF/Yr
      28,691 SF

      Times Square Shopping Center - Thousand Oaks

      Prime Thousand Oaks Retail/Office Space Available
      2315-2409 Michael Dr, Thousand Oaks, CA 91320
      View Details
    • $2 SF/Yr
      117,527 SF

      Newbury Park Retail Center

      Prime Newbury Park Shopping Center, 23 spaces available
      2080 Newbury Rd, Thousand Oaks, CA 91320
      View Details
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    1304 Newbury Rd
    Thousand Oaks, CA 91320-3646
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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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