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Property profile & analytics
FOR LEASE
Office buildings
1872 Newbury Rd Thousand Oaks, CA 91320
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-1322696
For Lease
$16,785,000
1872 Newbury Rd, Thousand Oaks, CA 91320
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
9.7 ac (422,635 SF)
Zoning code
8
APN
660-0-050-010
UPID
US09-1322696
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
-
Timber School and Auditorium (City Landmark #12; County Landmark #166) Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.79M
Owner & transaction history
Thousand Oaks Multifamily LLC · 3 yrs held
Thousand Oaks Multifamily LLC
since 2023
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
8 · Thousand Oaks, 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 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
$17,360,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.79M
Range $15.11M – $18.46M · ±10% · vs last sale $16.50M (Mar 27 2023)
Last sale anchor
$16.50M
Mar 27 2023
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
—
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
$105,016
Tax year 2023
Assessed value
$9,582,794
Assessed 2023
Previous assessed
$9,582,794
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$9,443,982
Assessed improvement
$138,812
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Heating
NONE
Lot
9.7 ac (422,635 SF)
Zoning code
8
APN
660-0-050-010
UPID
US09-1322696
Jurisdiction
VENTURA
Zoning & alternative use
8 · Thousand Oaks, CA
Zoning 8 · permitted uses
8 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
9.7 ac
Current owner
From public records · entity-resolved
Thousand Oaks Multifamily LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4 PARK PLZ STE #1700, IRVINE, CA 92614-2559
Ownership since
2023
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
Aug 15, 2024
—
Thousand Oaks Multifamily LLC
—
Deed
related
—
Mar 27, 2023
$16,500,000
Thousand Oaks Multifamily LLC
Daylight Thousand Oaks LLC
Grant Deed
—
Mar 24, 2023
$5,200,000
Thousand Oaks Hotel LLC
Daylight Thousand Oaks LLC
Grant Deed
—
Aug 3, 2015
$8,900,000
Daylight Thousand Oaks LLC
Conejo Valley Unified School Distri
Grant Deed
$7,440,000 · Boston Private Bank & Trust Company
Aug 3, 2015
—
Daylight Thousand Oaks LLC
Conejo Valley Unified School
Grant Deed
related
—
—
—
Daylight Thousand Oaks LLC
—
Loan Modification
related
$7,440,000 · Boston Private Bk
—
—
New Park Center
—
Deed Of Trust
related
$2,100,000 · East West 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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