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    2450 Tapo St Simi Valley, CA 93063
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    Property profile & analytics

    2450 Tapo St, Simi Valley, CA 93063

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    • Office buildings
    • 10,654 SF
    • 1.10 lot acres
    For Sale
    $4,343,600
    View Listing →
    Renovated Simi Valley Office Building For Sale
    $4,343,600
    10,809 SF

    Renovated Simi Valley Office Building

    Two-story office building with expansion potential and rooftop leases.

    2450 Tapo St, Simi Valley, CA 93063
    View Listing
    Property ID
    US10-1453606
    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.
    Value Estimations
    Cap Rate Potential
    4.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • NFP, an Aon company / Insurance Agency
    • National Entertainment Law Corporation / Law Firm
    • Insurance West Corporation: Garner Ross / Insurance Agency
    • Insurance West Corporation: La Rue Rick / Insurance Agency

    Property Details for 2450 Tapo St

    Year built
    1985
    Lot size
    1.10 lot acres
    Zone code
    CPD
    Property type
    Office buildings
    APN
    625-0-081-220
    APU
    6250081220

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,080,000
      ML approach
      $4,170,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,950,000
      6.5%
      $2,725,000
      7%
      $2,530,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,070,000
      Current use
      RESTAURANT
      $5,150,000
      Change: +26% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $4,465,000
      Change: +10% Conversion: Difficult
      MEDICAL BUILDING
      $4,050,000
      Change: -1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,990,000
      Change: -2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,580,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Simi Valley
    County
    Ventura
    State
    California
    Longitude
    -118.708
    Latitude
    34.2797
    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
    $43,759
    $1,664,640
    $2,424,132
    $4,088,772
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,035,000
      28,733 SF

      2780 Tapo Cyn Rd

      PROFESSIONAL BUILDING
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      View Details
    • Value Estimation
      $2,150,000
      7,846 SF

      3713 Alamo St

      OFFICE BUILDING
      3713 Alamo St, Simi Valley, CA 93063-2147
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    • Value Estimation
      $3,260,000
      16,154 SF

      1965 Yosemite Ave

      OFFICE BUILDING
      1965 Yosemite Ave, Simi Valley, CA 93063-5235
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    • Value Estimation by Request
      2,200 SF

      6672 Santa Susana Pass Rd

      OFFICE BUILDING
      6672 Santa Susana Pass Rd, Simi Valley, CA 93063-4918
      View Details
    • Value Estimation
      $1,190,000
      3,080 SF

      4220 Los Angeles Ave

      OFFICE BUILDING
      4220 Los Angeles Ave, Simi Valley, CA 93063-3388
      View Details
    • Value Estimation by Request
      1,828 SF

      4348 Los Angeles Ave

      OFFICE BUILDING
      4348 Los Angeles Ave, Simi Valley, CA 93063-2937
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,809 SF

      Renovated Simi Valley Office Building

      Two-story office building with expansion potential and rooftop leases.
      2450 Tapo St, Simi Valley, CA 93063
      View Details
    • Contact for pricing
      Pending

      Undeveloped Vacant Land Available

      Undeveloped vacant land off Mesa Drive in Simi Valley.
      Rdg Trl, Simi Valley, CA 93063
      View Details
    • $280,000

      Land with Development Plans Included

      Land with architectural plans for a multi-unit building.
      1194 Black Canyon Rd, Simi Valley, CA 93063
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    • $639,990
      1,211 SF

      Updated Duplex in Simi Valley

      Tastefully updated duplex with spacious layout and private yard.
      2263 Workman Ave, Simi Valley, CA 93063
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    • Contact for pricing
      4,377 SF

      Simi Valley Specialty Property

      Specialty property available for sale in Simi Valley.
      4180 Guardian St, Simi Valley, CA 93063
      View Details
    • $279,000
      0.15 Acres

      Land with Valley Views

      Three contiguous lots totaling 6,619 SF in Simi Valley.
      Mesa Dr, Simi Valley, CA 93063
      View Details

    Similar Nearby for Lease

    • $4,662 /Mo
      2,168 SF

      Simi Valley Office Suite For Lease

      Top-floor office suite with panoramic views and flexible layout.
      5775 E Los Angeles Ave, Simi Valley, CA 93063
      View Details
    • $4,609 /Mo
      2,195 SF

      Simi Valley Ground-Floor Office Suite

      2,195 SF office suite with private entrance in Simi Valley.
      5775 E Los Angeles Ave, Simi Valley, CA 93063
      View Details
    • $2,041 /Mo
      970 SF

      Simi Valley Office Suite Available

      Built-out office suite with flexible layout in Simi Valley.
      5775 E Los Angeles Ave, Simi Valley, CA 93063
      View Details
    • Contact for pricing
      1,152 SF

      Simi Valley Office Space

      Office space available for rent in Simi Valley.
      4525 Industrial St, Simi Valley, CA 93063
      View Details
    • $1.70 SF/Yr
      1,500 SF

      New Office Space in Simi

      Brand new office space with flexible floor plans available for lease.
      4115 Guardian St, Simi Valley, CA 93063
      View Details
    • Contact for pricing
      876 SF

      Simi Valley Office Space Available

      Office units available for rent in Simi Valley.
      4505-4525 Industrial St, Simi Valley, CA 93063
      View Details
    View Listing
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    Simi Valley, CA 93063
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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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