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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    216 Moorpark Ave Moorpark, CA 93021-1873

    • Office buildings
    • 12,607 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $2,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1469002
    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

    • Moy Serrano - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Community Christian Church / Church
    • Lewis Music Academy / Music School / Music Instructor

    Property Details for 216 Moorpark Ave

    Year built
    1990
    Lot size
    0.62 lot acres
    Property size
    12,607 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    512-0-111-360
    APU
    5120111360

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,869,000
      Market price range: $2.87M - $7.03M
      AI Estimate
      $1,612,000
      Market price range: $892k - $4.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Moorpark
    County
    Ventura
    State
    California
    Longitude
    -118.882
    Latitude
    34.2809
    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
    $6,941
    $540,071
    $1,008,806
    $1,548,877
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,805,000
      23,040 SF

      301 Science Dr

      OFFICE BUILDING • 23,040 SF
      301 Science Dr, Moorpark, CA 93021-2094
      View Details
    • Value Estimation
      $780,000
      2,613 SF

      256 Los Angeles Ave

      PROFESSIONAL BUILDING • 2,613 SF
      256 Los Angeles Ave, Moorpark, CA 93021-1855
      View Details
    • Value Estimation
      $1,905,000
      5,008 SF

      165 High St

      OFFICE BUILDING • 5,008 SF
      165 High St, Moorpark, CA 93021-1102
      View Details
    • Value Estimation by Request
      1,106 SF

      415 High St

      OFFICE BUILDING • 1,106 SF
      415 High St, Moorpark, CA 93021-1126
      View Details
    • Value Estimation by Request
      1,236 SF

      448 Moorpark Ave

      OFFICE BUILDING • 1,236 SF
      448 Moorpark Ave, Moorpark, CA 93021-1851
      View Details
    • Value Estimation by Request
      864 SF

      98 Leta Yancy Rd

      OFFICE BUILDING • 864 SF
      98 Leta Yancy Rd, Moorpark, CA 93021-1749
      View Details

    Similar Nearby for Sale

    • $3,477,045
      4,863 SF

      Moorpark Free Standing Office Building

      Free standing office/medical building in Moorpark, CA for sale.
      850 Patriot Dr, Moorpark, CA 93021
      View Details
    • $2,082,925
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      Freestanding Office/Medical Buildings Available

      Office/medical buildings for lease or sale near Los Robles Hospital.
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    • $2,082,925
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      Moorpark Free Standing Office Building

      Free standing office/medical building in Moorpark, CA for sale.
      810 Patriot Dr, Moorpark, CA 93021
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    • $3,170,385
      4,497 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building in Moorpark, no common areas.
      840 Patriot Dr, Moorpark, CA 93021
      View Details
    • Contact for pricing
      2,873 SF

      Patriot Professional Plaza: Moorpark Office Suites

      Prime Moorpark Office Space for Sale
      800 Patriot Dr, Moorpark, CA 93021
      View Details
    • $1,600,000

      Land with Avocado Trees

      5.8-acre property with approximately 750 avocado trees.
      6120 Gabbert Rd, Moorpark, CA 93021
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      4,965 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building with no common areas for rent.
      830 Patriot Dr, Moorpark, CA 93021
      View Details
    • $2 SF/Yr
      3,460 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building in Moorpark, no common areas.
      860 Patriot Dr, Moorpark, CA 93021
      View Details
    • $1.00 SF/Yr
      129,646 SF

      Moorpark R&D Facility For Lease

      High image R&D facility with inexpensive office suites for lease.
      5898 Condor Dr, Moorpark, CA 93021
      View Details
    • $2 SF/Yr
      4,668 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building in Moorpark, no common areas.
      820 Patriot Dr, Moorpark, CA 93021
      View Details
    • $2 SF/Yr
      3,629 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building in Moorpark, CA, available for rent.
      800 Patriot Dr, Moorpark, CA 93021
      View Details
    • $2 SF/Yr
      43 SF

      Freestanding Office/Medical Buildings Available

      Office and medical buildings for lease or sale in Moorpark.
      882 Patriot Dr | Moorpark, Moorpark, CA 93021
      View Details
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    216 Moorpark Ave
    Moorpark, CA 93021-1873
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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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