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Property profile & analytics
FOR LEASE
Medical Office Space

2045 Royal Ave Simi Valley, CA 93065

20,681 SF 1.66 ac lot Built 1979
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US10-1463542
2045 Royal Ave, Simi Valley, CA 93065 For Lease
$4,860,000 5,987 SF available
2045 Royal Ave, Simi Valley, CA 93065
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Property summary
AI-generated overview

This exceptional medical office building, the Royal Medical Plaza, located at 2045 Royal Ave, Simi Valley, CA 93065, offers 12,613 square feet of prime space in the Simi Valley/Moorpark submarket of Ventura County. The property features six suites, with multiple tenancy options available. Currently, there are 7,136 square feet of vacant space ready for immediate occupancy. Individual suites range from a minimum of 459 square feet to a maximum contiguous space of 1,870 square feet, providing flexibility for practices of various sizes. The building is equipped with elevators for convenient access. This location provides excellent visibility and accessibility for patients and staff, making it an ideal setting for medical professionals seeking a thriving practice environment in a well-established community. The property is categorized as an office building with a medical office subtype. Interested parties are encouraged to inquire about lease terms and available suite configurations. This is a fantastic opportunity to establish or expand your medical practice in a desirable Simi Valley location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Total area 20,681 SF
Lot 1.66 ac (72,309 SF)
Zoning code C0
APN 638-0-290-190
UPID US10-1463542
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
  • Sahar Yaftaly, DMD Dental Office
  • Joe Cheng, D.D.S. Dental Office
  • Dr. Maria Dolores C. Austria, DDS - Gentle Touch & Family Caring Dentist in Simi Valley Dental Office
  • Digiacinto Dov Josie DDS Dental Office
  • Dr. Vernon M. Lee, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.82M
Comparable Approach Comparable
$4.82M
Blend (final) Blend
$4.86M
Owner & transaction history
Royal Sv LLC · 9 yrs held
Royal Sv LLC
since 2017
7 recorded transactions
2023
Price N/A
2017
$6.5M
2008
$4.8M
2008
Price N/A
1995
$755,227
1990
$1.7M
1969
Price N/A
Zoning & alternative use
C0 · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $7.9M +0.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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