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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Industrial properties
2279 Agate Ct Simi Valley, CA 93065-1843
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-0898864
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
11,604 SF
Lot
0.63 ac (27,442 SF)
Zoning code
GI
APN
630-0-160-085
UPID
US10-0898864
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
-
Burger Motorsports Auto Parts Store (Bike/Boat/Book/etc) Store
-
Great Western Foils, Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Burger Properties LLC · 4 yrs held
Burger Properties LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
GI · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+37.5%
Commercial (general)
$3.9M
+23.4%
Warehouse, storage
$3.4M
+6.8%
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
$2,660,000
ML approach
$2,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,160,000
Current use
AUTO REPAIR, GARAGE
$4,345,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,900,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,375,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10% · vs last sale $2.56M (Jan 3 2022)
Last sale anchor
$2.56M
Jan 3 2022
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
$226 / 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
$29,043
Tax year 2023
Assessed value
$2,749,124
Assessed 2024
Previous assessed
$2,695,220
+2.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$707,654
Assessed improvement
$2,041,470
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Heating
NONE
Total area
11,604 SF
Lot
0.63 ac (27,442 SF)
Zoning code
GI
APN
630-0-160-085
UPID
US10-0898864
Jurisdiction
VENTURA
Zoning & alternative use
GI · Simi Valley, CA
Zoning GI · permitted uses
GI · Simi Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Simi Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Lot
0.63 ac
Current owner
From public records · entity-resolved
Burger Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
921 BLACKBOURNE PT, OAK PARK, CA 91377-5847
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
Burger Properties LLC
Terence Burger
Intrafamily Transfer
related
—
Nov 19, 2019
$2,564,000
Terence Burger
Mark Bowland
Grant Deed
—
Jun 27, 2014
$1,590,000
Mark Bowland
Robert W Feathers
Grant Deed
$954,000 · Union Bank NA
Mar 4, 2005
$1,500,000
Robert W Feathers
Gary Raskin
Grant Deed
$1,000,000 · Wells Fargo Bank NA
Feb 4, 1991
$816,000
Gary Raskin
Agate Industrial
Grant Deed
—
Dec 31, 1990
$816,000
Gary Rakin
Agate Industrial
Grant Deed
$600,000 · Bank Of Commerce
—
—
Gary Z Raskin
—
Deed Of Trust
related
$488,000 · Camarillo Community Bank
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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