Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2629 Townsgate Rd Ste, Unit 215 Westlake Village, CA 91361-2985
    Back to Search
    Property profile & analytics

    2629 Townsgate Rd Ste, Unit 215, Westlake Village, CA 91361-2985

    View on Map
    • Office Spaces
    • 1,124 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Apr 20, 2020
    $1,160,000
    Property ID
    US10-1593657
    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
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2629 Townsgate Rd Ste

    Year built
    2007
    Lot size
    0.17 lot acres
    Property type
    Office Spaces
    APN
    698-0-030-225
    APU
    6980030225

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 20, 2020 $1,160,000 Brb 2020 LLC Red 32 Real Estate LLC Grant Deed $600k · Cit Bk NA
    May 24, 2013 — Red 32 Real Estate LLC 2629 Townsgate LLC Grant Deed $2M · Westcord Commercial Real Est
    Feb 26, 2013 $1,210,871 2629 Townsgate LLC First American Title Ins Trustees Deed · related —
    Aug 1, 2008 $1,238,000 Navekero Group Investments LLC 2629 Townsgate LLC Grant Deed $1.1M · 2629 Townstate LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $734,000
      Market price range: $289k - $756k

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

    Location Insight

    • Map
    • Local Demand
    City
    Westlake Village
    County
    Ventura
    State
    California
    Longitude
    -118.829
    Latitude
    34.1579
    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
    $7,393
    $263,761
    $395,640
    $659,401
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      117,018 SF

      2801 Townsgate Rd

      Office Units
      2801 Townsgate Rd, Thousand Oaks, CA 91361
      View Details
    • Value Estimation by Request
      43,800 SF

      301-343 Moorpark Rd

      Medical Office Space
      301-343 Moorpark Rd, Thousand Oaks, CA 91361
      View Details
    • Value Estimation by Request
      38,447 SF

      375 Rolling Oaks Dr

      Medical Office Space
      375 Rolling Oaks Dr, Thousand Oaks, CA 91361
      View Details
    • Value Estimation by Request
      20,788 SF

      2945 Townsgate Rd

      Office Units
      2945 Townsgate Rd, Thousand Oaks, CA 91361
      View Details
    • Value Estimation by Request
      21,600 SF

      31826 Village Center Rd

      Office Units
      31826 Village Center Rd, Westlake Village, CA 91361
      View Details
    • Value Estimation
      $555,000
      1,698 SF

      2629 Townsgate Rd Ste, Unit 105

      CONDOMINIUM OFFICES
      2629 Townsgate Rd Ste, Westlake Village, CA 91361-2981
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,396 SF

      Westlake Village Medical Office Space

      Medical office space with customization options and expansion potential.
      141 Triunfo Canyon Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing
      22,000 SF

      Renovated Westlake Village Office Building

      Newly renovated office building with up to 22,000 SF available.
      143 Triunfo Canyon Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing
      7,403 SF

      Industrial Property For Sale

      7,403 SqFt industrial property available for purchase.
      31119 Via Colinas, Westlake Village, CA 91361
      View Details
    • Contact for pricing

      Thousand Oaks Development Opportunity

      3.25+ acre land parcel approved for five luxury homes.
      1 Skyline Dr, Thousand Oaks, CA 91361
      View Details
    • $6,769,231
      10,000 SF

      Westlake Plaza Out-Parcel Opportunity

      10,000 SF out-parcel in affluent Westlake Village trade area.
      2799 Townsgate Rd, Westlake Village, CA 91361
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Executive Center of Westlake Village

      Office Space for Lease – Executive Center of Westlake Village
      741 Lakefield Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing

      Westlake Village Office Space Available

      Office space for lease in Westlake Village, California.
      31416 Agoura Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing

      Westlake Village Office Space Available

      Office space for rent in central Westlake Village location.
      699 Hampshire Rd, Westlake Village, CA 91361
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office spaces for lease at 301-343 S Moorpark Road.
      301-343 S Moorpark Rd, Thousand Oaks, CA 91361
      View Details
    • $31 SF/Yr
      26,244 SF

      Westlake Village Office Space Available

      Prime Westlake Village Office, 1,658-1,798 SF
      31365 Oak Crest Dr, Westlake Village, CA 91361
      View Details
    • Contact for pricing

      Thousand Oaks Office Space Available

      Office spaces for rent in Thousand Oaks, California.
      2945 Townsgate Rd, Thousand Oaks, CA 91361
      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.
    2629 Townsgate Rd Ste, Unit 215
    Westlake Village, CA 91361-2985
    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

    Thank You for Inquiry
    2629 Townsgate Rd Ste, Westlake Village, CA, 91361
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!