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Property profile & analytics
FOR SALE
Strip malls

2068 Tapo St Simi Valley, CA 93063

35,955 SF Built 1964
Entity Owned 9-yr Hold
Property ID
US10-0860097
Property summary
AI-generated overview

Marcus & Millichap is pleased to present the opportunity to acquire 2068 Tapo Street, a multi tenant retail investment located along one of Simi Valley’s most established commercial corridors. Situated on Tapo Street with convenient access to the 118 Freeway, the property benefits from strong visibility, excellent accessibility, and a strategic location within a well established retail trade area.The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market.In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation.2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County’s most desirable and established submarkets. 2.21%

Property profile
Verified
Property type Strip malls
Year built 1964
Total area 35,955 SF
UPID US10-0860097
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
  • Detail Center Car Wash
  • Simi Valley Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ever Kim INC · 9 yrs held
Ever Kim INC
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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