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Property profile

2925 Sycamore Dr Simi Valley, CA 93065

Medical Office Space
Property ID
US10-1465781
View Sample
31,315 SF 1.96 ac lot Built 1979
Entity Owned 23-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This three-story, Class B medical office building, located at 2925 Sycamore Dr, Simi Valley, CA 93065, offers 33,682 square feet of space. Currently, 11,315 square feet is vacant, divisible into units ranging from 907 to 2,111 contiguous square feet. The building features 22 suites in total, two passenger elevators, and ample parking with 180 spaces. Built in 1979, the property is conveniently located near Adventist Health Simi Valley Hospital, providing easy access for medical professionals and patients. Utilities are serviced by SCE. The building is zoned commercial and situated in the Simi Valley submarket of Ventura County, Moorepark. Multiple-year lease agreements are available, making this an excellent opportunity for medical practices of all sizes seeking to establish or expand their presence in a thriving community. The property offers the flexibility to accommodate various medical specialties, including but not limited to: Medical Office, Professional Office, Dental Office, Chiropractic, Optometry, Psychology, Psychiatry, and Physical Therapy.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Total area 31,315 SF
Lot 1.96 ac (85,377 SF)
Zoning code CO
APN 615-0-201-620
UPID US10-1465781

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.62M
Blend (final) Blend
$4.55M

Owner & transaction history

since 2003
2 recorded transactions
2003
Price N/A
1969
Price N/A

Zoning & alternative use

CO · Simi Valley, CA
Zoning description

The CO zoning district is intended to provide areas for business and professional offices, related services, and other uses compatible with and especially sensitive to the surrounding land uses

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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