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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Strip malls
2196 Tapo St Simi Valley, CA 93063-3440
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-1627566
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Total area
11,242 SF
Lot
13.7 ac (596,772 SF)
APN
644-0-070-600
UPID
US10-1627566
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
-
Rock n Roll Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$1.29M
Owner & transaction history
Angel City Bell LLC · 3 yrs held
Angel City Bell LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Simi Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Simi Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$114 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$270,838
Tax year 2023
Assessed value
$25,363,741
Assessed 2024
Previous assessed
$24,866,413
+2.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$10,304,098
Assessed improvement
$15,059,643
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1966
Heating
NONE
Total area
11,242 SF
Lot
13.7 ac (596,772 SF)
APN
644-0-070-600
UPID
US10-1627566
Jurisdiction
VENTURA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Lot
13.7 ac
Current owner
From public records · entity-resolved
Angel City Bell LLC
Entity
Free & Clear · 3 yrs held
Mailing address
973 LOMAS SANTA FE DR, SOLANA BEACH, CA 92075-2137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
Santa Susana Grf2 LLC
—
Deed
related
—
Jan 3, 2024
—
Angel City Bell LLC
—
Deed
related
$375,000,000 · Citizens Bank NA
Jun 9, 2023
—
Angel City Bell LLC
—
Deed
related
$129,700,000 · Citizens Bank NA
May 23, 2023
—
Angel City Bell LLC
Santa Susana Grf2 LLC
Ground Lease
related
—
Jan 5, 2022
—
Autozone West LLC
Santa Susana Grf2 LLC
Lease
—
Jan 31, 2019
—
Santa Susana Grf 2 LLC
—
Deed
related
$17,200,000 · Mufg Union Bank NA
Jul 16, 2015
—
Santa Susana Grf2 LLC
Santa Susana Garp LLC
Quit Claim Deed
related
—
Jan 31, 2014
$26,000,000
Santa Susana Garp LLC
Bk Tapo LLC
Trustees Deed
$17,095,000 · Bank Of America
Aug 24, 2007
—
Bk Tapo LLC
Paragon Tapo LLC
Grant Deed
—
Jun 29, 2007
—
Bk Tapo LLC
Paragon Tapo LLC
Grant Deed
—
—
—
Santa Susana Garp LLC
—
Loan Modification
related
$17,095,000 · Bank Of America
—
—
Bk Tapo LLC
—
Deed Of Trust
related
$24,300,000 · Wells Fargo Bk Nw NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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