Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    246 Lombard St Thousand Oaks, CA 91360-8219

    • Medical Office Space
    • 5,932 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1449857
    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

    • Westoaks Dental Arts / Dental Office
    • WestOaks Dental Arts: Steve Chen, DDS / Dental Office
    • The Pet Hospital of Thousand Oaks / Veterinary Clinic

    Property Details for 246 Lombard St

    Year built
    1969
    Lot size
    0.36 lot acres
    Property size
    5,932 SF
    Zone code
    C2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    525-0-012-155
    APU
    5250012155

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,099,000
      Market price range: $1.10M - $3.39M
      AI Estimate
      $759,000
      Market price range: $571k - $2.40M

    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
    $13,303
    $506,200
    $751,629
    $1,257,829
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $585,000
      1,578 SF

      555 Marin St Ste, Unit 290

      MEDICAL BUILDING • 1,578 SF
      555 Marin St Ste, Thousand Oaks, CA 91360-4112
      View Details
    • Value Estimation
      $895,000
      3,110 SF

      216 Lombard St

      MEDICAL BUILDING • 3,110 SF
      216 Lombard St, Thousand Oaks, CA 91360-5806
      View Details
    • Value Estimation
      $1,450,000
      4,659 SF

      258 Lombard St

      MEDICAL BUILDING • 4,659 SF
      258 Lombard St, Thousand Oaks, CA 91360-5806
      View Details
    • Value Estimation
      $2,020,000
      8,188 SF

      61 Long Ct

      MEDICAL BUILDING • 8,188 SF
      61 Long Ct, Thousand Oaks, CA 91360-6048
      View Details
    • Value Estimation
      $4,675,000
      26,496 SF

      101 Hodencamp Rd

      MEDICAL BUILDING • 26,496 SF
      101 Hodencamp Rd, Thousand Oaks, CA 91360-5836
      View Details
    • Value Estimation
      $1,795,000
      6,196 SF

      267 Hillcrest Dr

      MEDICAL BUILDING • 6,196 SF
      267 Hillcrest Dr, Thousand Oaks, CA 91360-4211
      View Details

    Similar Nearby for Sale

    • $2,100,000
      43,072 SF

      Bella Vista Medical Office

      Class A Medical Condo, Thousand Oaks
      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

      Thousand Oaks Premium Office Building

      Two-story, fully renovated office building near Moorpark Road corridor.
      241 Lombard St, 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
    • $4,500,000
      8,000 SF

      University Shopping Center Investment

      Thriving 6-tenant retail center in Thousand Oaks.
      409 Avenida De Los Arboles, Thousand Oaks, CA 91360
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      116,436 SF

      Class A Office/Medical Building

      Office and medical uses with freeway access and nearby amenities.
      225 West Hillcrest Dr, Thousand Oaks, CA 91360
      View Details
    • $39 SF/Yr
      42,296 SF

      Oak Tree Medical Center: Thousand Oaks

      Medical Office Building, 9,728 SF Vacant
      2230 Lynn Rd, Thousand Oaks, CA 91360
      View Details
    • $23 SF/Yr
      26,903 SF

      Briarwood Building: Thousand Oaks Office

      Executive & medical suites available in prime location.
      299 Hillcrest Dr, Thousand Oaks, CA 91360
      View Details
    • Contact for pricing
      166,728 SF

      The Landmark: Conejo Valley Office Space

      Class A Office, Medical, & Executive Suites Available
      225 Hillcrest Dr, Thousand Oaks, CA 91360
      View Details
    • $39 SF/Yr
      30,558 SF

      Thousand Oaks Medical Office Building

      Prime medical office space, Thousand Oaks.
      2220 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    246 Lombard St
    Thousand Oaks, CA 91360-8219
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!