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    Property profile & analytics

    2080 Hillcrest Dr Thousand Oaks, CA 91320-1733

    • Apartment buildings
    • 39,486 SF
    • 2.80 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2022
    $21,550,000
    Value Estimations
    $17,075,000
    Show details
    Cap Rate Potential
    2.8%
    Apartment buildings
    Location Intelligence
    Property ID
    US10-1472307
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rapid Mold Removal Service / Home Inspector / Engine Rebuilding Service
    • Precision Insulation Newbury Park / General Contractor / Renovation Specialist

    Property Details for 2080 Hillcrest Dr

    Year built
    1978
    Construction
    WOOD
    Lot size
    2.80 lot acres
    Property size
    39,486 SF
    Zone code
    RPD2
    Property type
    Apartment buildings
    APN
    667-0-113-035
    APU
    6670113035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $22,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,143,000
      Market price range: $6.07M - $17.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,450,000
      Current use
      RESTAURANT
      $19,080,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $18,035,000
      Change: +58% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $16,550,000
      Change: +45% Conversion: Difficult
      MEDICAL BUILDING
      $15,015,000
      Change: +31% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $14,790,000
      Change: +29% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $14,525,000
      Change: +27% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $13,275,000
      Change: +16% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.923
    Latitude
    34.186
    CBSA code
    37100
    CBSA name
    OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $230,867
    $4,775,436
    $17,589,002
    $22,364,438
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $25,415,000
      200,100 SF

      1710 Hillcrest Dr

      APARTMENT HOUSE (5+ UNITS) • 200,100 SF
      1710 Hillcrest Dr, Thousand Oaks, CA 91320-2388
      View Details
    • Value Estimation
      $16,045,000
      123,972 SF

      1800 Hillcrest Dr

      APARTMENT HOUSE (5+ UNITS) • 123,972 SF
      1800 Hillcrest Dr, Thousand Oaks, CA 91320-2389
      View Details
    • Value Estimation
      $4,885,000
      31,104 SF

      2760 Borchard Rd

      APARTMENT HOUSE (5+ UNITS) • 31,104 SF
      2760 Borchard Rd, Thousand Oaks, CA 91320
      View Details
    • Value Estimation
      $12,105,000
      104,048 SF

      1500 Pachino Cir

      APARTMENT HOUSE (5+ UNITS) • 104,048 SF
      1500 Pachino Cir, Thousand Oaks, CA 91320-6517
      View Details
    • Value Estimation
      $3,700,000
      30,534 SF

      700 Wendy Dr

      APARTMENT HOUSE (5+ UNITS) • 30,534 SF
      700 Wendy Dr, Thousand Oaks, CA 91320-3069
      View Details
    • Value Estimation by Request
      0.09 Acres

      Thousand Oaks, CA 91320

      MOBILE HOME PARK, TRAILER PARK • 0.09 Acres
      Thousand Oaks, CA 91320
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,365 SF

      Newbury Park Condominium with Upgrades

      Condominium in Newbury Park featuring updated kitchen and community amenities.
      2742 Borchard Rd, Newbury Park, CA 91320
      View Details
    • $273,000

      Updated Home in Ventu Estates

      Updated home in a desirable mobile home park.
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      View Details
    • $595,000
      1,234 SF

      Newbury Park Corner Unit Townhome

      Bright 3-bedroom, 2.5-bath townhome with private patio.
      1149 Ramona Dr, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      6,018 SF

      Newbury Park Versatile Condo

      Versatile building suitable for warehouse, manufacturing, showroom, or R&D.
      3281 Grande Vista Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing

      Thousand Oaks Specialty Property

      Specialty property available for sale in Thousand Oaks, CA.
      272 Monte Vis, Thousand Oaks, CA 91320
      View Details
    • $1,999,999
      3.40 Acres

      Rancho Dos Vientos Estate Site

      3.4-acre estate site in Rancho Dos Vientos, Newbury Park.
      5519 Via Olas, Newbury Park, CA 91320
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,669 SF

      Hill Top View Townhouse

      Townhouse with serene views, close to school and shopping.
      4799 Via Altamira, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      120,290 SF

      New Industrial Facility in Thousand Oaks

      High-image industrial facility with secured yard in Thousand Oaks.
      1300 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • $1.00 SF/Yr
      89,277 SF

      New Construction Industrial Space Available

      Brand new industrial building in Thousand Oaks for lease.
      1515 Rancho Conejo Blvd, Thousand Oaks, CA 91320
      View Details
    • $1.60 SF/Yr
      5,750 SF

      Thousand Oaks Office/Flex Space

      Office and flex space with freeway access and ample parking.
      810 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • $15 SF/Yr
      46,697 SF

      Thousand Oaks Office Space Available

      Prime Conejo Valley Office, Flexible Suites
      810 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • $3 SF/Yr
      28,691 SF

      Times Square Shopping Center - Thousand Oaks

      Prime Thousand Oaks Retail/Office Space Available
      2315-2409 Michael Dr, Thousand Oaks, CA 91320
      View Details
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    Thousand Oaks, CA 91320-1733
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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