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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Warehouses
2650 Willow Ln Thousand Oaks, CA 91361-2459
Entity Owned
2-yr Hold
Property ID
US10-1714311
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
3,006 SF
Lot
1.63 ac (71,002 SF)
Zoning code
RE13
APN
676-0-060-105
UPID
US10-1714311
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
Current use
Occupant on record · Public records
-
RightSpace Storage Thousand Oaks Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$995k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Willow Lane Self Storage LLC · 2 yrs held
Willow Lane Self Storage LLC
since 2024
Last sale
$995,000
7 recorded transactions
Zoning & alternative use
RE13 · Thousand Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+57.1%
Neighborhood: shopping center
$1.3M
+44.1%
Medical building
$1.1M
+30.8%
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
$995,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$875,000
Current use
OFFICE BUILDING
$1,375,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,260,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$1,145,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,125,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,010,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $995k (May 9 2024)
Last sale anchor
$995k
May 9 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
$331 / 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
$11,411
Tax year 2023
Assessed value
$1,109,937
Assessed 2024
Previous assessed
$1,088,174
+2.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$797,594
Assessed improvement
$312,343
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
1940
Heating
NONE
Units
3
Total area
3,006 SF
Lot
1.63 ac (71,002 SF)
Zoning code
RE13
APN
676-0-060-105
UPID
US10-1714311
Jurisdiction
VENTURA
Zoning & alternative use
RE13 · Thousand Oaks, CA
Zoning RE13 · permitted uses
RE13 · 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
$875,000
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1940
Heating
NONE
Units
3
Lot
1.63 ac
Current owner
From public records · entity-resolved
Willow Lane Self Storage LLC
Entity
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Willow Lane Self Storage LLC
—
Deed
related
$5,000,000 · Citizens Business Bank
May 9, 2024
—
Willow Lane Self Storage LLC
James P Sandefer
Quit Claim Deed
related
—
Aug 14, 2023
—
James P Sandefer
James Sandefer
Intrafamily Transfer
related
$3,000,000 · Citizens Business Bank
Mar 14, 2018
$995,000
James Sandefer
Fn Commercial LLC
Grant Deed
—
Mar 11, 2009
—
Fn Commercial LLC
Nainavaii,farrokh
Grant Deed
—
Nov 28, 2003
$780,000
Farrokh Nainavaii
Sincock,gregory M & Sharon R
Grant Deed
$624,000 · Countrywide Home Loans INC
Aug 31, 1999
$370,000
Sincock,gregory M & Sharon R
Johnston,robert E & Janet
Trustees Deed
$180,000 · Temple-inland Mortgage Corp
Aug 31, 1999
—
Sincock,gregory M & Sharon R
Johnston,janet & Robert E
Trustees Deed
related
—
—
—
Robert E Johnston
—
Deed Of Trust
related
$232,000 · Prudential Home Mortgage Co
—
—
Gregory M Sincock
—
Deed Of Trust
related
$179,105 · Bank Of America
—
—
Robert Johnston
—
Deed Of Trust
related
$235,000 · Independence Mortgage
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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