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Property profile & analytics
FOR SALE
Office buildings
1791 Erringer Rd Simi Valley, CA 93065
Entity Owned
~
Est. High Equity
Property ID
US10-1632735
For Sale
1 / 2
$682,500
1791 Erringer Rd, Simi Valley, CA 93065
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
4,818 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CPD
APN
632-0-050-175
UPID
US10-1632735
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
Current use
Occupant on record · Public records
-
Payton Insurance Insurance Agency
-
R.R. Gable, Inc. Real Estate Agency
-
Gibraltar Healthcare Home Health Care Service
-
Capitol Real Estate Real Estate Agency
-
My Realtor Nioka Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.19M
Owner & transaction history
Masi Investments INC
Masi Investments INC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
CPD · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Simi Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Simi Valley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,335,000
6.5%
$1,230,000
7%
$1,145,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,840,000
Current use
MEDICAL BUILDING
$1,830,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,805,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,620,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.63M (Jul 30 2025)
Last sale anchor
$1.63M
Jul 30 2025
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
$247 / 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
$8,300
Tax year 2023
Assessed value
$757,554
Assessed 2024
Previous assessed
$744,841
+1.7% YoY
Effective rate
1.10%
On assessed value
Assessed land
$329,954
Assessed improvement
$427,600
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1976
Heating
NONE
Total area
4,818 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CPD
APN
632-0-050-175
UPID
US10-1632735
Jurisdiction
VENTURA
Zoning & alternative use
CPD · Simi Valley, CA
Zoning CPD · permitted uses
CPD · Simi Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Simi Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1976
Heating
NONE
Lot
0.32 ac
Current owner
From public records · entity-resolved
Masi Investments INC
Entity
Mailing address
1 VIS HERMOSA, SIMI VALLEY, CA 93065-4049
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
$1,625,000
Masi Investments INC
Gallegly Family 2024 Revocable Trus
Grant Deed
$825,000 · Bmo Bank NA
Apr 19, 2024
—
Elton William Gallegly
Elton W Gallegly
Intrafamily Transfer
related
—
Dec 29, 2023
$625,000
Elton Gallegly
Melissa Schweitzer Smith
Grant Deed
$425,000 · Schweitzer 1994 Trust
Aug 9, 2016
—
Marcia K Schweitzer
Marcia K Schweitzer
Intrafamily Transfer
related
$539,000 · Us Bank NA
Oct 8, 2003
—
Schweitzer,tr
Schweitzer,melissa S
Quit Claim Deed
related
—
—
—
Elton W Gallegly
—
Deed Of Trust
related
$350,000 · Caruana Trust
—
—
Elton W Gallegly
—
Deed Of Trust
related
$600,000 · First California 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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