Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2251 Ward Ave Simi Valley, CA 93065-7556
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2251 Ward Ave Simi Valley, CA 93065-7556

    View on Map
    • Industrial properties
    • 43,015 SF
    • 2.13 lot acres
    Off-Market
    Property ID
    US10-1465795
    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.
    Value Estimations
    $4,085,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big Brother Music Academy / Vocational School / Training Center
    • DPA Components International - DPACI / Industrial Manufacturer
    • Dream Records Llc / Recording Studio
    • Appleby & Sterling / Business Management Consultant

    Property Details for 2251 Ward Ave

    Year built
    1990
    Lot size
    2.13 lot acres
    Property size
    43,015 SF
    Zone code
    GI
    Property type
    Industrial properties
    APN
    630-0-141-025
    APU
    6300141025

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,905,000
      6.5%
      $5,450,000
      7%
      $5,060,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.786
    Latitude
    34.2756
    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
    $48,661
    $1,635,737
    $2,912,204
    $4,547,941
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.12 Acres

      240 Los Angeles Ave

      INDUSTRIAL (GENERAL) • 5.12 Acres
      240 Los Angeles Ave, Simi Valley, CA 93065-1650
      View Details
    • Value Estimation
      $12,905,000
      144,456 SF

      555 Easy St

      INDUSTRIAL (GENERAL) • 144,456 SF
      555 Easy St, Simi Valley, CA 93065-1805
      View Details
    • Value Estimation
      $730,000
      21,600 SF

      255 Easy St

      MULTI-TENANT INDUSTRIAL BUILDING • 21,600 SF
      255 Easy St, Simi Valley, CA 93065-1770
      View Details
    • Value Estimation
      $2,545,000
      22,963 SF

      2121 Un Pl

      INDUSTRIAL (GENERAL) • 22,963 SF
      2121 Un Pl, Simi Valley, CA 93065-1661
      View Details
    • Value Estimation
      $945,000
      12,412 SF

      2267 Agate Ct

      INDUSTRIAL (GENERAL) • 12,412 SF
      2267 Agate Ct, Simi Valley, CA 93065-1843
      View Details
    • Value Estimation
      $6,090,000
      65,450 SF

      130 Cochran St

      INDUSTRIAL (GENERAL) • 65,450 SF
      130 Cochran St, Simi Valley, CA 93065-6271
      View Details

    Similar Nearby for Sale

    • $325,000

      Home Health Agency Business Opportunity

      Turnkey home health agency for sale in Simi Valley.
      1919 Williams St, Simi Valley, CA 93065
      View Details
    • $3,155,940

      Simi Valley Industrial Land Parcel

      Industrial land development opportunity in Simi Valley, California.
      751 W Los Angeles Ave, Simi Valley, CA 93065
      View Details
    • $3,200,000

      Del Taco Ground Lease Opportunity

      Passive net lease investment with zero landlord responsibilities.
      1098 Enchanted Way, Simi Valley, CA 93065
      View Details
    • $999,000
      150,282.00 Acres

      Simi Valley Buildable Land

      3.45 acres to build your dream home.
      Young Wolf Dr, Simi Valley, CA 93065
      View Details
    • $635,000
      982 SF

      Simi Valley Duplex For Sale

      Two-bedroom, two-bath duplex with remodeled bathrooms and community pool.
      1995 E Covington Ave, Simi Valley, CA 93065
      View Details
    • $660,000

      Freestanding Office Building in Simi

      Two freestanding office buildings totaling 1,650 SF in Simi Valley.
      1951 Galt St, Simi Valley, CA 93065
      View Details

    Similar Nearby for Lease

    • $1.15 SF/Yr
      29,769 SF

      Freestanding Building Near Simi Valley

      Freestanding industrial building with freeway identity and access.
      997 Flower Glen St, Simi Valley, CA 93065
      View Details
    • $1.75 SF/Yr

      Industrial Space in Simi Valley

      Industrial property in Simi Valley/Moorpark with abundant parking.
      4590-4596 Ish Dr, Simi Valley, CA 93065
      View Details
    • $1.75 SF/Yr

      Industrial Space Available for Lease

      Industrial property available for lease in Simi Valley, CA.
      791 Chambers Ln, Simi Valley, CA 93065
      View Details
    • $8,200 /Mo
      5,000 SF

      Simi Valley Commercial Sublease Opportunity

      Multi-tenant building in West Simi Valley available for sublease.
      888 E Easy St, Simi Valley, CA 93065
      View Details
    • Contact for pricing

      Multi-Tenant Industrial Property For Rent

      Multi-tenant industrial property available for lease.
      21-29 W Easy St, Simi Valley, CA 93065
      View Details
    • $1.35 SF/Yr

      Industrial Property in Simi Valley

      Industrial space available for lease in Simi Valley, CA.
      520 E Easy St, Simi Valley, CA 93065
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2251 Ward Ave
    Simi Valley, CA 93065-7556
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!