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Property profile & analytics
OFF-MARKET
Estimated value
$12,305,000
Manufacturing properties
2421 Hillcrest Dr Thousand Oaks, CA 91320-2202
Entity Owned
19-yr Hold
Free & Clear
Property ID
US10-1254358
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1985
Total area
49,559 SF
Lot
2.87 ac (125,017 SF)
Zoning code
M1
APN
667-0-060-415
UPID
US10-1254358
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
-
Conxeant Systems Inc Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.88M
Comparable Approach
Comparable
$12.80M
Blend (final)
Blend
$12.31M
Owner & transaction history
Skyworks Solutions INC · 19 yrs held
Skyworks Solutions INC
since 2006
5 recorded transactions
Zoning & alternative use
M1 · Thousand Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Thousand Oaks, CA
Top alternative use upside
Medical building
$18.8M
+3.4%
Auto repair, garage
$18.6M
+1.8%
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 Thousand Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thousand Oaks 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,620,000
6.5%
$8,880,000
7%
$8,245,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$18,230,000
Current use
MEDICAL BUILDING
$18,845,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,565,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$16,660,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.31M
Range $11.07M – $13.54M · ±10%
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
$248 / 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
$775,441
Tax year 2023
Assessed value
$68,642,600
Assessed 2024
Previous assessed
$13,000,000
+428.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$66,142,600
Applied tax rate
8.0000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1985
Heating
NONE
Total area
49,559 SF
Lot
2.87 ac (125,017 SF)
Zoning code
M1
APN
667-0-060-415
UPID
US10-1254358
Jurisdiction
VENTURA
Zoning & alternative use
M1 · Thousand Oaks, CAZoning M1 · permitted uses
M1 · Thousand Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Thousand Oaks, CA
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$18.2M
MEDICAL BUILDING
Est. value
$18.8M
AUTO REPAIR, GARAGE
Est. value
$18.6M
COMMERCIAL (GENERAL)
Est. value
$16.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1985
Heating
NONE
Lot
2.87 ac
Current owner
From public records · entity-resolved
Skyworks Solutions INC
Entity
Free & Clear · 19 yrs held
Mailing address
5221 CALIFORNIA AVE, IRVINE, CA 92617-3073
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2006
—
Skyworks Solutions INC
Skyworks Solutions INC
Quit Claim Deed
related
—
Jun 28, 2002
—
S Washington
Conex
Quit Claim Deed
related
—
Jan 7, 1999
—
Conexant Systems INC
—
Deed Of Trust
related
$350,000,000 · Credit Suisse First Boston Tte
Nov 18, 1996
$35,995,500
Rockwell Semiconductor Systems
Rockwell International Corp
Grant Deed
related
—
—
—
Alpha Industries INC
—
Deed Of Trust
related
$250,000 · Conexant Systems INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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