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Property profile & analytics
OFF-MARKET
Estimated value
$5,565,000
Medical Office Space
137 1000th Oaks Blvd Thousand Oaks, CA 91360-5707
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1741220
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
13,449 SF
Lot
1.45 ac (62,987 SF)
Zoning code
C2
APN
669-0-040-215
UPID
US10-1741220
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.33M
Blend (final)
Blend
$5.57M
Owner & transaction history
Martin A Ahearn · 7 yrs held
Martin A Ahearn
since 2019
Last sale
$5.7M
4 recorded transactions
Zoning & alternative use
C2 · Thousand Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.5M
+27.1%
Office building
$6.1M
+20.1%
Neighborhood: shopping center
$5.6M
+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
$7,680,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,115,000
Current use
RESTAURANT
$6,500,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$6,145,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,635,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,630,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,040,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,520,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.57M
Range $5.01M – $6.12M · ±10% · vs last sale $5.69M (Feb 4 2020)
Last sale anchor
$5.69M
Feb 4 2020
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
$414 / 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
$63,287
Tax year 2023
Assessed value
$6,100,827
Assessed 2024
Previous assessed
$5,981,203
+2.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$2,230,180
Assessed improvement
$3,870,647
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
13,449 SF
Lot
1.45 ac (62,987 SF)
Zoning code
C2
APN
669-0-040-215
UPID
US10-1741220
Jurisdiction
VENTURA
Zoning & alternative use
C2 · Thousand Oaks, CA
Zoning C2 · permitted uses
C2 · 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
$5.1M
RESTAURANT
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.5M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1.45 ac
Current owner
From public records · entity-resolved
Martin A Ahearn
Individual
Mailing address
5720 RALSTON ST STE #200, VENTURA, CA 93003-7844
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
137 E Blvd LLC
—
Deed
related
$6,075,000 · Mission Bank
Apr 10, 2020
—
137 E To Blvd LLC
—
Deed
related
$1,800,000 · Mission Bank
Feb 4, 2020
—
137 E To Blvd LLC
—
Deed
related
$4,275,000 · Mission Bk
Jan 23, 2019
$4,000,000
Martin A Ahearn
Rolland William I L/tr
Grant Deed
$4,000,000 · Ropat LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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