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    Property profile & analytics

    240 Lombard St Thousand Oaks, CA 91360-5823

    • Office buildings
    • 3,726 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Feb 17, 2021
    $385,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1449862
    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

    • Storm-Larsen & Co / Tax Preparation
    • aggiesbodyrepair / Alternative Medicine Practice / Spa & Massage Center
    • Barry Cane & Associates / Insurance Agency

    Property Details for 240 Lombard St

    Year built
    1966
    Lot size
    0.30 lot acres
    Property size
    3,726 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    525-0-012-445
    APU
    5250012445

    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
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.873
    Latitude
    34.1777
    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
    $7,655
    $275,946
    $432,333
    $708,279
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $670,000
      0.89 Acres

      140 1000th Oaks Blvd

      PROFESSIONAL BUILDING • 0.89 Acres
      140 1000th Oaks Blvd, Thousand Oaks, CA 91360-5715
      View Details
    • Value Estimation
      $7,740,000
      34,334 SF

      223 1000th Oaks Blvd

      OFFICE BUILDING • 34,334 SF
      223 1000th Oaks Blvd, Thousand Oaks, CA 91360-5803
      View Details
    • Value Estimation
      $1,500,000
      4,201 SF

      1596 Moorpark Rd

      PROFESSIONAL BUILDING • 4,201 SF
      1596 Moorpark Rd, Thousand Oaks, CA 91360-5129
      View Details
    • Value Estimation
      $2,530,000
      10,334 SF

      199 1000th Oaks Blvd

      OFFICE BUILDING • 10,334 SF
      199 1000th Oaks Blvd, Thousand Oaks, CA 91360-5710
      View Details
    • Value Estimation
      $5,070,000
      15,980 SF

      171 1000th Oaks Blvd

      OFFICE BUILDING • 15,980 SF
      171 1000th Oaks Blvd, Thousand Oaks, CA 91360-5712
      View Details
    • Value Estimation by Request
      1.27 Acres

      80 Hillcrest Dr

      OFFICE BUILDING • 1.27 Acres
      80 Hillcrest Dr, Thousand Oaks, CA 91360-4218
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Thousand Oaks Premium Office Building

      Two-story, fully renovated office building near Moorpark Road corridor.
      241 Lombard St, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      43,072 SF

      Medical Condo in Thousand Oaks

      Recently remodeled medical condominium near Los Robles Hospital.
      555 Marin St, Thousand Oaks, CA 91360
      View Details
    • $5,500,000

      Moorpark Road Medical/Office Location

      Prime location near Los Robles Regional Medical Center.
      468 Pennsfield Pl, Thousand Oaks, CA 91360
      View Details
    • $5,500,000
      12,672 SF

      Thousand Oaks Medical/Office Space

      Prime location near medical center, retail, and freeway access.
      468 Pennsfield Pl, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      15,119 SF

      Prime Commercial Location in Thousand Oaks

      Exceptional visibility and accessibility in a thriving medical and business hub.
      468 Pennsfield Pl, Thousand Oaks, CA 91360
      View Details
    • $7,500,000
      7.36 Acres

      Thousand Oaks Development Opportunity

      Rare 7.5-acre land parcel for residential development.
      Calle Hondanada, Thousand Oaks, CA 91360
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      110,375 SF

      Class A Office/Medical Building

      Office/medical building with freeway access and nearby amenities.
      225 West Hillcrest Dr, Thousand Oaks, CA 91360
      View Details
    • $2 SF/Yr

      Class A Landmark Office Building

      Four-story Class A office building with recent renovations and ample parking.
      515 Marin St, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing

      Office/Medical Building with Renovations

      Five-story office/medical building on 14.6 acres with renovations underway.
      225 W Hillcrest Dr, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing

      Medical Office Space in Thousand Oaks

      Medical office space for lease near Los Robles Regional.
      2230 Lynn Rd, Thousand Oaks, CA 91360
      View Details
    • $1.75 SF/Yr

      Thousand Oaks Office Suites Available

      Office suites for lease in a two-story building.
      2667 N Moorpark Rd, Thousand Oaks, CA 91360
      View Details
    • $25 SF/Yr
      15,119 SF

      Thousand Oaks Office Space Available

      Prime Conejo Valley Office Suites, 902-1273 SF
      468 Pennsfield Pl, Thousand Oaks, CA 91360
      View Details
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    240 Lombard St
    Thousand Oaks, CA 91360-5823
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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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