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    Property profile & analytics

    2380 Conejo Spectrum St, Unit B91 Thousand Oaks, CA 91320-1444

    • Office buildings
    • 10,043 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    $3,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1477695
    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

    • Atara Biotherapeutics - Corporate Headquarters / Corporate Office

    Property Details for 2380 Conejo Spectrum St

    Year built
    2001
    Lot size
    6.00 lot acres
    Property size
    10,043 SF
    Property type
    Office buildings
    APN
    667-0-350-015
    APU
    6670350015

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,135,000
      6.5%
      $3,815,000
      7%
      $3,545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,800,000
      Market price range: $482k - $3.80M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,585,000
      Current use
      RESTAURANT
      $4,855,000
      Change: +6% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $4,210,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $3,820,000
      Change: -17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,760,000
      Change: -18% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $3,695,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.927
    Latitude
    34.2038
    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
    $236,489
    $5,030,773
    $17,580,360
    $22,611,133
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Rancho Conejo Blvd

      OFFICE BUILDING • 0.04 Acres
      Rancho Conejo Blvd, Newbury Park, CA 91320
      View Details
    • Value Estimation
      $9,520,000
      49,369 SF

      1909 Oak Ter Lnb21

      OFFICE BUILDING • 49,369 SF
      1909 Oak Ter Lnb21, Thousand Oaks, CA 91320-1732
      View Details
    • Value Estimation
      $4,805,000
      20,449 SF

      2830 Borchard Rd

      OFFICE BUILDING • 20,449 SF
      2830 Borchard Rd, Thousand Oaks, CA 91320-3810
      View Details
    • Value Estimation
      $4,075,000
      18,477 SF

      1100 Business Ctr Cir

      OFFICE BUILDING • 18,477 SF
      1100 Business Ctr Cir, Thousand Oaks, CA 91320-1124
      View Details
    • Value Estimation
      $3,490,000
      10,043 SF

      2400 Conejo Spectrum St, Unit B92

      OFFICE BUILDING • 10,043 SF
      2400 Conejo Spectrum St, Thousand Oaks, CA 91320-1445
      View Details
    • Value Estimation
      $1,810,000
      14,667 SF

      925 Broadbeck Dr

      OFFICE BUILDING • 14,667 SF
      925 Broadbeck Dr, Thousand Oaks, CA 91320-1269
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,523 SF

      Two-Story Office Building for Sale

      Two-story office building with elevator and individually metered suites.
      3175 Old Conejo Rd, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing
      8,121 SF

      Free Standing Office Building

      Office building with elevator, medical uses permitted.
      3205 Old Conejo Rd, Thousand Oaks, CA 91320
      View Details
    • $6,999,999

      Remodeled Newbury Park Corporate HQ

      High-image industrial building with lab space near Amgen campus.
      3615 Old Conejo Rd, Newbury Park, CA 91320
      View Details
    • Contact for pricing

      Land with Mountain and City Views

      Land with spectacular views in a quiet, upscale neighborhood.
      1 Donlin Rd, Newbury Park, CA 91320
      View Details
    • $30,000
      0.12 Acres

      Land in Serene Newbury Park

      Tranquil land with mountain views, seasonal creek, and oak trees.
      80 81, Newbury Park, CA 91320
      View Details
    • $325,000
      0.25 Acres

      Newbury Park Double Lot Opportunity

      Build your dream home on a double lot with mountain views.
      Midbury Hill Rd, Newbury Park, CA 91320
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freeway Visible Community Center Space

      Community center space with freeway visibility, available November 11, 2020.
      1570 Newbury Rd, Thousand Oaks, CA 91320
      View Details
    • $1.00 SF/Yr
      11,000 SF

      Thousand Oaks Office/Flex Space

      Premier 11,000 SF office/flex space in Thousand Oaks.
      950 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • $1.75 SF/Yr
      13,548 SF

      Thousand Oaks Office Sublease

      Office space available for sublease in Thousand Oaks, CA.
      1461 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing

      Thousand Oaks Retail Spaces Available

      Retail spaces available in Wells Fargo anchored shopping center.
      925 Broadbeck Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing

      Office/Flex/Life Science Opportunity

      Office, flex, and life science space available for lease.
      2201 Corporate Center Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing

      Move-in Ready Office Sublease

      Cost-effective ground floor office space available for sublease.
      1461 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
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    2380 Conejo Spectrum St, Unit B91
    Thousand Oaks, CA 91320-1444
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    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
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