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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Auto shops
2453 Tapo St Simi Valley, CA 93063-2453
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1465046
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1966
Total area
10,560 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CPD
APN
618-0-070-100
UPID
US10-1465046
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.19M
Blend (final)
Blend
$4.00M
Owner & transaction history
2463 Tapo Street LLC · 1 yrs held
2463 Tapo Street LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CPD · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CPD zoning district is intended to encourage the development of attractive, innovative, and efficient commercial sites containing a broad range of retail, office and service commercial uses.
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
317.21 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.1M
+29.0%
Neighborhood: shopping center
$4.4M
+11.9%
Office building
$4.0M
+2.0%
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,955,000
Current use
RESTAURANT
$5,105,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,425,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$4,035,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$4,015,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,550,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Sep 27 2024)
Last sale anchor
$4.00M
Sep 27 2024
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
$379 / 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
$20,604
Tax year 2023
Assessed value
$1,926,627
Assessed 2024
Previous assessed
$1,926,627
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$517,046
Assessed improvement
$1,409,581
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1966
Heating
NONE
Total area
10,560 SF
Lot
0.82 ac (35,719 SF)
Zoning code
CPD
APN
618-0-070-100
UPID
US10-1465046
Jurisdiction
VENTURA
Zoning & alternative use
CPD · Simi Valley, CAZoning CPD · permitted uses
CPD · Simi Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CPD zoning district is intended to encourage the development of attractive, innovative, and efficient commercial sites containing a broad range of retail, office and service commercial uses.
Zone name
Commercial Planned Development
General category
PLANNED_DEVELOPMENT
Zone area
317.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.0M
RESTAURANT
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
1966
Heating
NONE
Lot
0.82 ac
Current owner
From public records · entity-resolved
2463 Tapo Street LLC
Entity
Mailing address
1438 N HILGARD AVE, SIMI VALLEY, CA 93065-3933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$4,000,000
2463 Tapo Street LLC
Roger L Douglas
Grant Deed
$2,029,000 · First Citizens Bank & Trust Co
Sep 27, 2024
—
2463 Tapo Street LLC
—
Deed
related
$1,665,000 · California Statewide Certified Developme
Jun 14, 2016
—
Roger L Douglas
—
Deed
related
$1,054,898 · First Bank
Jun 23, 2015
—
Douglas Family Living Trust
Douglas R & J Family Trust
Quit Claim Deed
related
—
Aug 11, 2004
—
Meir N Keller
Meir N Keller Dds
Quit Claim Deed
related
—
Dec 19, 2000
$1,215,000
Douglas Trust
Simi Valley A S C
Grant Deed
$915,000 · First Western Bank
—
—
Simi Valley A S C Ptshp Ltd
—
Deed Of Trust
related
$667,000 · Citizens Business Bank
—
—
Douglas,tr
—
Deed Of Trust
related
$900,000 · Bank Of America
—
—
Douglas,tr
—
Deed Of Trust
related
$600,000 · Bank Of America
—
—
Douglas,tr
—
Deed Of Trust
related
$1,365,000 · Bank Of America
—
—
Douglas Roger & J Family Trust
—
Deed Of Trust
related
$1,170,000 · Bank Of The West
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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