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    Property profile & analytics

    258 Lombard St Thousand Oaks, CA 91360-5806

    • Medical offices
    • 4,659 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Nov 05, 2024
    $1,450,000
    Value Estimations
    $1,405,000
    Show details
    Cap Rate Potential
    4.8%
    Medical offices
    Location Intelligence
    Property ID
    US10-1449847
    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

    • Dr. Walter A. Thomas MD / Orthopedic Surgeon / Sports Medicine Physician
    • Daniel Acevedo, MD / Orthopedic Surgeon
    • Coastal Physical Therapy and Sports Rehabilitation / Physical Therapist
    • Jennifer Sligo / Physical Therapist
    • M6 MOVEMENT / Gym

    Property Details for 258 Lombard St

    Year built
    1977
    Lot size
    0.33 lot acres
    Property size
    4,659 SF
    Zone code
    C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    525-0-012-185
    APU
    5250012185

    Description

    This exceptional 2,995 square foot medical office building, located at 258 Lombard Street in Thousand Oaks, California, presents a unique opportunity for a medical practice seeking a turnkey space. The entire building is currently vacant, offering complete flexibility for a single tenant or the potential to subdivide the space to accommodate multiple medical professionals. Situated in Ventura County, zip code 91360, this property boasts a convenient location within Thousand Oaks, offering easy access for patients and staff. The building's total square footage is 2,995 square feet, providing ample room for examination rooms, waiting areas, administrative offices, and support spaces. The property is classified as a multi-tenant office building, although currently fully vacant, allowing for customization to suit the specific needs of the incoming tenant(s). The property type is designated as a medical office, making it ideally suited for a variety of healthcare practices. This is a rare opportunity to secure a fully vacant, move-in ready medical office building in a desirable Thousand Oaks location. The property's address is 258 Lombard Street, Thousand Oaks, CA 91360. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,450,000
      ML approach
      $1,450,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,155,000
      6.5%
      $1,070,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,468,000
      Market price range: $860k - $2.66M
      AI Estimate
      $1,014,000
      Market price range: $448k - $1.89M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,770,000
      Current use
      OFFICE BUILDING
      $2,130,000
      Change: +20% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,950,000
      Change: +10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,745,000
      Change: -1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,565,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.872
    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
    $17,443
    $790,212
    $889,913
    $1,680,125
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $590,000
      3,110 SF

      216 Lombard St

      MEDICAL BUILDING • 3,110 SF
      216 Lombard St, Thousand Oaks, CA 91360-5806
      View Details
    • Value Estimation
      $420,000
      5,932 SF

      246 Lombard St

      MEDICAL BUILDING • 5,932 SF
      246 Lombard St, Thousand Oaks, CA 91360-8219
      View Details
    • Value Estimation
      $465,000
      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
      $610,000
      8,188 SF

      61 Long Ct

      MEDICAL BUILDING • 8,188 SF
      61 Long Ct, Thousand Oaks, CA 91360-6048
      View Details
    • Value Estimation
      $1,040,000
      26,496 SF

      101 Hodencamp Rd

      MEDICAL BUILDING • 26,496 SF
      101 Hodencamp Rd, Thousand Oaks, CA 91360-5836
      View Details
    • Value Estimation
      $615,000
      6,196 SF

      267 Hillcrest Dr

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

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      Medical/Office Space Near Amenities

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      View Details
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    258 Lombard St
    Thousand Oaks, CA 91360-5806
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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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