Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2280 Ward Ave Simi Valley, CA 93065

    • Industrial properties
    • 61,695 SF
    • 12.44 lot acres
    For Lease
    View listing
    $1.45 SF/Yr
    Last Sale
    Dec 01, 2021
    $46,411,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1428882
    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

    • Topaz Distribution LLC / Warehouse / Air Conditioning Contractor
    • TireHub / Distribution Service
    • Technocel/Tylt / Warehouse
    • 3PL Center / Warehouse
    • TIRE WHOLESALE WAREHOUSE / Wholesaler

    Property Details for 2280 Ward Ave

    Year built
    1995
    Lot size
    12.44 lot acres
    Property size
    61,695 SF
    Zone code
    GI
    Property type
    Industrial properties
    APN
    630-0-141-135
    APU
    6300141135

    Description

    This exceptional 96,641-square-foot industrial warehouse, located at 2280 Ward Ave, Simi Valley, CA 93065, presents a significant opportunity for businesses seeking ample space and strategic positioning. Situated on a generous 12.44-acre lot, this property boasts a multitude of features ideal for distribution and warehousing operations. Built in 1995, the building offers a clear ceiling height ranging from 24 to 26 feet, providing ample vertical storage capacity. Efficient operations are ensured with eight dock-high doors and one drive-in door, facilitating seamless loading and unloading. Ample parking is available with 115 spaces designated for employees and visitors. The property is zoned GI (General Industrial) and features robust power capabilities, including 800 AMPS at 277/480 Volts. The entire 96,641 square feet is currently vacant, offering immediate occupancy for a single tenant. The property's convenient location near Easy Street in Ventura County, CA, provides excellent access to major transportation arteries. The APN is 630-0-141-135. This is a multi-tenant building, currently available for lease as a single unit. This property is an ideal solution for businesses requiring significant warehouse and distribution space in a prime Simi Valley location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.784
    Latitude
    34.2773
    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
    $507,952
    $10,404,000
    $37,882,328
    $48,286,328
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      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
      $1,050,000
      144,456 SF

      555 Easy St

      INDUSTRIAL (GENERAL) • 144,456 SF
      555 Easy St, Simi Valley, CA 93065-1805
      View Details
    • Value Estimation
      $760,000
      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
      $820,000
      22,963 SF

      2121 Un Pl

      INDUSTRIAL (GENERAL) • 22,963 SF
      2121 Un Pl, Simi Valley, CA 93065-1661
      View Details
    • Value Estimation
      $650,000
      12,412 SF

      2267 Agate Ct

      INDUSTRIAL (GENERAL) • 12,412 SF
      2267 Agate Ct, Simi Valley, CA 93065-1843
      View Details
    • Value Estimation
      $1,180,000
      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

    • $928,000
      39,983 SF

      New Industrial Condominiums For Sale

      New industrial condominiums with highway access in Simi Valley/Moorpark.
      865-875 E Cochran St, Simi Valley, CA 93065
      View Details
    • Contact for pricing
      37,514 SF

      New Industrial Units For Sale

      New industrial units for sale in Simi Valley, CA.
      600-620 Cochran St, Simi Valley, CA 93065
      View Details
    • $1,150,000
      2,579 SF

      New Construction Flex Space Available

      New construction flex space in professional business park for sale.
      875 Cochran St, Simi Valley, CA 93065
      View Details
    • $928,000
      2,184 SF

      Industrial Condo with Scenic Views

      Industrial condo for sale with freeway access and scenic views.
      865 E Cochran St, Simi Valley, CA 93065
      View Details
    • $585,000

      Upgraded Condo in Simi Valley

      Turn-key 3-bedroom condo with upgrades and convenient location.
      2731 Erringer Rd, Simi Valley, CA 93065
      View Details
    • $429,000

      Established Bakery Business Opportunity

      Turnkey bakery serving the community since 1994, for sale.
      1603 E Los Angeles Ave, Simi Valley, CA 93065
      View Details

    Similar Nearby for Lease

    • $1.35 SF/Yr
      14,181 SF

      Industrial Property in Simi Valley

      Industrial space available for lease in Simi Valley, CA.
      520 E Easy St, Simi Valley, CA 93065
      View Details
    • Contact for pricing

      Industrial Property in Simi Valley

      100% leased industrial property. No current availability.
      2290 Agate Ct, Simi Valley, CA 93065
      View Details
    • $1.65 SF/Yr
      24,570 SF

      Industrial Space Available for Lease

      Industrial property available for lease in Simi Valley, CA.
      791 Chambers Ln, Simi Valley, CA 93065
      View Details
    • $1.65 SF/Yr
      37,517 SF

      Industrial Space in Simi Valley

      Industrial property in Simi Valley/Moorpark with abundant parking.
      4590-4596 Ish Dr, Simi Valley, CA 93065
      View Details
    • $1.27 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
    • $1.45 SF/Yr
      7,237 SF

      Simi Valley Warehouse Space Available

      Warehouse space for rent with highway access and retail amenities.
      29 W 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.
    2280 Ward Ave
    Simi Valley, CA 93065
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.