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    2561 Teller Rd Thousand Oaks, CA 91320-2220
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    Property profile & analytics

    2561 Teller Rd, Thousand Oaks, CA 91320-2220

    View on Map
    • Warehouses
    • 12,543 SF
    • 0.58 lot acres
    Off-Market
    Last Sale Mar 31, 2023
    $2,805,000
    Property ID
    US10-1488500
    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
    $2,855,000
    Show details
    Cap Rate Potential
    6%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Conejo Valley Auto Center / Auto Repair Shop

    Property Details for 2561 Teller Rd

    Year built
    1975
    Lot size
    0.58 lot acres
    Zone code
    M1
    Property type
    Warehouses
    APN
    667-0-130-245
    APU
    6670130245

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,950,000
      ML approach
      $2,980,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,955,000
      6.5%
      $2,730,000
      7%
      $2,535,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,650,000
      Current use
      AUTO REPAIR, GARAGE
      $4,700,000
      Change: +29% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $4,615,000
      Change: +27% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,215,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.933
    Latitude
    34.1903
    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
    $4,122
    $897,600
    $1,963,500
    $2,861,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      16,000 SF

      889 Mitchell Rd

      WAREHOUSE, STORAGE
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    • Value Estimation
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      87,122 SF

      3485 Old Conejo Rd

      WAREHOUSE, STORAGE
      3485 Old Conejo Rd, Thousand Oaks, CA 91320-2161
      View Details
    • Value Estimation
      $2,155,000
      21,920 SF

      2585 Azurite Cir

      WAREHOUSE, STORAGE
      2585 Azurite Cir, Thousand Oaks, CA 91320-1202
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    • Value Estimation
      $1,210,000
      11,193 SF

      859 Lawrence Dr

      WAREHOUSE, STORAGE
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    • Value Estimation by Request
      204 SF

      1400 Old Conejo Rd

      STORAGE YARD (JUNK, SALVAGE)
      1400 Old Conejo Rd, Thousand Oaks, CA 91320-1023
      View Details
    • Value Estimation
      $14,745,000
      88,578 SF

      1164 Newbury Rd

      WAREHOUSE, STORAGE
      1164 Newbury Rd, Thousand Oaks, CA 91320-3634
      View Details

    Similar Nearby for Sale

    • $29,461,410
      89,277 SF

      Thousand Oaks Industrial Building

      Freestanding industrial building with freeway access and modern features.
      1515 Rancho Conejo Blvd, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      98,980 SF

      Industrial Building with Lab & Office

      Freestanding industrial building featuring lab, office, and warm shell space.
      1535 Rancho Conejo Blvd, Newbury Park, CA 91320
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    • Contact for pricing
      23,919 SF

      Industrial Warehouse with Freeway Visibility

      Freestanding industrial building with office space and freeway exposure.
      3615 Old Conejo Rd, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      8,076 SF

      Newbury Park Flexible Use Facility

      Flexible industrial facility suitable for R&D, life science, or warehouse.
      3235-3241 Grande Vista Dr, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      23,919 SF

      Industrial Property in Newbury Park

      Industrial property featuring 23,919 square feet of space.
      3615 Old Conejo Rd, Newbury Park, CA 91320
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      89,277 SF

      Class A Industrial Building

      Class A industrial building available for purchase.
      1515 Rancho Conejo Blvd, Thousand Oaks, CA 91320
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    Similar Nearby for Lease

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      120,290 SF

      New Industrial Facility in Thousand Oaks

      High-image industrial facility with secured yard in Thousand Oaks.
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      View Details
    • $1.35 SF/Yr
      12,600 SF

      Thousand Oaks Warehouse Space Available

      Industrial warehouse space for lease in Thousand Oaks, California.
      711 Rancho Conejo Blvd, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing

      New Construction Flex Space Available

      New construction flex space with dock doors and open layout.
      1515 Rancho Conejo Blvd, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing
      3,784 SF

      Industrial Unit in Newbury Park

      Industrial unit for lease, close to 101 Freeway.
      3709-3757 Old Conejo Rd, Newbury Park, CA 91320
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    • Contact for pricing
      10,249 SF

      Office/Warehouse Unit For Rent

      Office and warehouse unit featuring built-out office space.
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      View Details
    • Contact for pricing
      3,225 SF

      Industrial Space with Office Component

      Multi-tenant building featuring warehouse and office space for lease.
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      View Details
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    Thousand Oaks, CA 91320-2220
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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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