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Property profile & analytics
OFF-MARKET
Estimated value
$5,260,000
Warehouses
2589 Calcite Cir Thousand Oaks, CA 91320-1204
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-1254373
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
18,012 SF
Lot
0.92 ac (40,075 SF)
Zoning code
MI
APN
667-0-130-505
UPID
US10-1254373
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
$5.26M
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.26M
Owner & transaction history
Ventura Lemonade LLC · 1 yrs held
Ventura Lemonade LLC
since 2024
Last sale
$5.3M
2 recorded transactions
Zoning & alternative use
MI · Thousand Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+66.2%
Office building
$8.2M
+57.1%
Neighborhood: shopping center
$7.6M
+44.1%
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 Thousand Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thousand Oaks 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
$5,260,000
ML approach
$5,260,000
CAP Approach
CAP Return
Estimation
6%
$4,245,000
6.5%
$3,920,000
7%
$3,640,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,240,000
Current use
RESTAURANT
$8,705,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$8,225,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,550,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$6,850,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,745,000
Change: +29% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,625,000
Change: +27% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,055,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±10% · vs last sale $5.26M (Sep 27 2024)
Last sale anchor
$5.26M
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
$292 / 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
$5,608
Tax year 2023
Assessed value
$492,882
Assessed 2024
Previous assessed
$492,882
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$73,460
Assessed improvement
$419,422
Applied tax rate
8.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
NONE
Total area
18,012 SF
Lot
0.92 ac (40,075 SF)
Zoning code
MI
APN
667-0-130-505
UPID
US10-1254373
Jurisdiction
VENTURA
Zoning & alternative use
MI · Thousand Oaks, CA
Zoning MI · permitted uses
MI · Thousand Oaks, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thousand Oaks. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.2M
RESTAURANT
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.7M
INDUSTRIAL (GENERAL)
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.1M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1975
Heating
NONE
Lot
0.92 ac
Current owner
From public records · entity-resolved
Ventura Lemonade LLC
Entity
Mailing address
2589 CALCITE CIR STE #602, THOUSAND OAKS, CA 91320-1204
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
$5,262,000
Ventura Lemonade LLC
Thousand Oaks Industrial Developmen
Grant Deed
$2,188,124 · Jpmorgan Chase Bank NA
Sep 27, 2024
—
Ventura Lemonade LLC
—
Deed
related
$2,156,000 · Advantage Certified Development Corporat
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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