Technical
Financial
Distress signals
Property profile

1940 Newbury Rd Thousand Oaks, CA 91320

FOR LEASE
Super regional malls
Property ID
US10-1459217
7,688 SF 1.07 ac lot Built 2005
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents multiple spaces for lease within a thriving community shopping center in Newbury Park, Ventura County. The property, situated on the hard corner of Newbury Park Road and Kelley Road, boasts ±26,800 square feet of total building space and offers three available retail pads ranging from approximately 1,096 to 1,416 square feet. These spaces are ideally suited for quick-serve food users or can be easily adapted for retail or full-service restaurant use. The center enjoys a highly desirable location, benefiting from excellent freeway visibility and ample parking in a large onsite lot. Key anchor tenants include Kohl's, Starbucks, and Sharkey's Fresh Mexican Grill, attracting significant foot traffic. The newer construction features excellent curb appeal. This prime location is strategically positioned to capitalize on the substantial daytime population of the surrounding neighborhood and the proximity to the Amgen Bio-Medical facility. Amgen's large campus across the 101 freeway employs approximately 5,000 workers, representing 8.5% of the city's total employment. The area is exceptionally affluent, with an average annual household income exceeding $140,000 within a two-mile radius, and is surrounded by numerous A+ national retailers. This presents a unique opportunity to establish a business in a high-traffic, high-income area with strong existing tenant synergy.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2005
Total area 7,688 SF
Lot 1.07 ac (46,609 SF)
APN 660-0-050-220
UPID US10-1459217

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company
  • Restaurant

Location

1940 Newbury Rd Thousand Oaks, CA 91320
Thousand Oaks metro Census 5908 OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.17M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.04M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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