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    2489 Tapo St Simi Valley, CA 93063-2453
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    Property profile & analytics

    2489 Tapo St, Simi Valley, CA 93063-2453

    View on Map
    • Medical Office Space
    • 5,400 SF
    • 0.81 lot acres
    Off-Market
    Property ID
    US10-1490963
    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
    $1,240,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keller Dentistry / Dental Office
    • New Leaf Marriage & Family Therapy / Mental Health Clinic / Mental Health Service
    • Vardui Jingozian / Marriage Or Relationship Counselor
    • Discount Dumpster Service / Waste Management Facility

    Property Details for 2489 Tapo St

    Year built
    1960
    Lot size
    0.81 lot acres
    Zone code
    CPD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    618-0-070-160
    APU
    6180070160

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 7, 2004 — Mek Family Trust Keller,meir N & Elisa Grant Deed · related —
    Jul 1, 2004 $800,000 Meir N Keller Baker,tr Grant Deed $450k · Bank Of America
    Oct 1, 1999 $390,500 Baker Trust Baker Trust Grant Deed · related $217k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,365,000
      6.5%
      $1,260,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,582,000
      Market price range: $997k - $3.08M
      AI Estimate
      $874,000
      Market price range: $480k - $1.68M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,055,000
      Current use
      OFFICE BUILDING
      $2,065,000
      Change: +1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,025,000
      Change: -1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,815,000
      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
    -118.709
    Latitude
    34.2805
    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
    $13,229
    $450,963
    $727,181
    $1,178,144
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $550,000
      2,313 SF

      4288 Los Angeles Ave

      MEDICAL BUILDING
      4288 Los Angeles Ave, Simi Valley, CA 93063-3399
      View Details
    • Value Estimation
      $1,120,000
      2,455 SF

      5918 Los Angeles Ave

      MEDICAL BUILDING
      5918 Los Angeles Ave, Simi Valley, CA 93063-4344
      View Details
    • Value Estimation
      $945,000
      5,467 SF

      4444 Cochran St

      MEDICAL BUILDING
      4444 Cochran St, Simi Valley, CA 93063-3078
      View Details
    • Value Estimation
      $4,860,000
      2.92 Acres

      3921 Cochran St

      HOMES (RETIRED, NURSING)
      3921 Cochran St, Simi Valley, CA 93063-2364
      View Details
    • Value Estimation
      $5,035,000
      28,733 SF

      2780 Tapo Cyn Rd

      PROFESSIONAL BUILDING
      2780 Tapo Cyn Rd, Simi Valley, CA 93063-6840
      View Details
    • Value Estimation
      $2,150,000
      7,846 SF

      3713 Alamo St

      OFFICE BUILDING
      3713 Alamo St, Simi Valley, CA 93063-2147
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,809 SF

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

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      Undeveloped vacant land off Mesa Drive in Simi Valley.
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      Land with architectural plans for a multi-unit building.
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      Tastefully updated duplex with spacious layout and private yard.
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      Simi Valley Specialty Property

      Specialty property available for sale in Simi Valley.
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      9,543.00 Acres

      View Lot in Santa Susana

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    Similar Nearby for Lease

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      700 SF office suite with private entrance in Simi Valley.
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      Retail/Dental Space Available

      Retail and dental spaces available for lease.
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      View Details
    • $2,041 /Mo
      970 SF

      Simi Valley Office Suite Available

      Built-out office suite with flexible layout in Simi Valley.
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      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.
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    • Contact for pricing
      876 SF

      Simi Valley Office Space Available

      Office units available for rent in Simi Valley.
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      View Details
    • Contact for pricing
      876 SF

      Simi Valley Office Space Available

      Multi-tenant office building with excellent freeway access for lease.
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      View Details
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    Simi Valley, CA 93063-2453
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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.

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