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Property profile & analytics
OFF-MARKET
Estimated value
$19,940,000
Industrial properties
2320 Shasta Way Simi Valley, CA 93065-1861
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1484130
Property profile
Verified
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Year built
1988
Total area
93,344 SF
Lot
7.74 ac (337,154 SF)
Zoning code
GI
APN
630-0-112-205
UPID
US10-1484130
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
-
Bozco Resources Production Facility
-
Home Staging by HolmeStage of Simi Valley Real Estate Agency Marketing & Advertising
-
Cinemoves Tech Support Center Rental Equipment Company
-
Team Rooter Plumbing Ventura Plumbing Service General Contractor
-
Simi Valley Used Transmissions Big Box & Wholesale Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.01M
Blend (final)
Blend
$19.94M
Owner & transaction history
Shasta Way Owner LLC · 5 yrs held
Shasta Way Owner LLC
since 2021
Last sale
$20.0M
2 recorded transactions
Zoning & alternative use
GI · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$31.4M
+82.5%
Warehouse, storage
$27.1M
+57.8%
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
$23,895,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MULTI-TENANT INDUSTRIAL BUILDING
$17,200,000
Current use
COMMERCIAL (GENERAL)
$31,380,000
Change: +82% · Conversion: Difficult
WAREHOUSE, STORAGE
$27,145,000
Change: +58% · Conversion: Difficult
Blend value · Realmo final
$19.94M
Range $17.95M – $21.93M · ±10% · vs last sale $20.00M (Jul 2 2021)
Last sale anchor
$20.00M
Jul 2 2021
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
$214 / 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
$180,610
Tax year 2023
Assessed value
$20,808,000
Assessed 2024
Previous assessed
$20,808,000
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$6,970,680
Assessed improvement
$13,837,320
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
MULTI-TENANT INDUSTRIAL BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Total area
93,344 SF
Lot
7.74 ac (337,154 SF)
Zoning code
GI
APN
630-0-112-205
UPID
US10-1484130
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
MULTI-TENANT INDUSTRIAL BUILDING Current
Est. value
$17.2M
COMMERCIAL (GENERAL)
Est. value
$31.4M
WAREHOUSE, STORAGE
Est. value
$27.1M
MULTI-TENANT INDUSTRIAL BUILDING Current
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
1988
Heating
NONE
Lot
7.74 ac
Current owner
From public records · entity-resolved
Shasta Way Owner LLC
Entity
Mailing address
669 2ND ST, ENCINITAS, CA 92024-3507
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
Shasta Way Owner LLC
—
Deed
related
—
Jul 2, 2021
$20,000,000
Shasta Way Owner LLC
C A Rasmussen Company LLC
Grant Deed
$13,570,000 · Zb 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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