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

    2285 Ward Ave Simi Valley, CA 93065-1863

    • Industrial properties
    • 54,766 SF
    • 2.08 lot acres
    OFF-MARKET
    Last Sale
    Aug 29, 2022
    $3,437,000
    Value Estimations
    $3,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0672152
    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

    • P.Q.L., Inc. - Premium Quality Lighting / Lighting Store / Light Bulb Supplier
    • Elite Combine Training / Training Centre

    Property Details for 2285 Ward Ave

    Year built
    1990
    Lot size
    2.08 lot acres
    Property size
    54,766 SF
    Zone code
    GI
    Property type
    Industrial properties
    APN
    630-0-141-075
    APU
    6300141075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,565,000
      ML approach
      $3,645,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.787
    Latitude
    34.2769
    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
    $45,208
    $1,008,149
    $3,209,821
    $4,217,970
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $860,000
      87,981 SF

      994 Innovators Way

      INDUSTRIAL (GENERAL) • 87,981 SF
      994 Innovators Way, Simi Valley, CA 93065-2072
      View Details
    • Value Estimation
      $870,000
      41,049 SF

      845 Easy St

      MULTI-TENANT INDUSTRIAL BUILDING • 41,049 SF
      845 Easy St, Simi Valley, CA 93065-1814
      View Details
    • Value Estimation
      $1,105,000
      112,153 SF

      21 Easy St

      MULTI-TENANT INDUSTRIAL BUILDING • 112,153 SF
      21 Easy St, Simi Valley, CA 93065-1694
      View Details
    • Value Estimation
      $1,015,000
      74,342 SF

      450 Los Angeles Ave

      INDUSTRIAL (GENERAL) • 74,342 SF
      450 Los Angeles Ave, Simi Valley, CA 93065-1646
      View Details
    • Value Estimation by Request

      875 Cochran St Ste, Unit 8

      CONDOMINIUMS (INDUSTRIAL)
      875 Cochran St Ste, Simi Valley, CA 93065-2079
      View Details
    • Value Estimation
      $4,975,000
      24,696 SF

      420 Easy St

      MULTI-TENANT INDUSTRIAL BUILDING • 24,696 SF
      420 Easy St, Simi Valley, CA 93065-7539
      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

    • $1.27 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
    • $1.65 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
    • $1.65 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
    • $1.35 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
    • $1.45 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.
    2285 Ward Ave
    Simi Valley, CA 93065-1863
    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.