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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29338 Roadside Dr Agoura Hills, CA 91301-1501

    • Auto shops
    • 2,616 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2022
    $550,000
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6402062
    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

    • Auto shops

    Property Details for 29338 Roadside Dr

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    2,616 SF
    Zone code
    AH BP-M-FC
    Property type
    Auto shops
    APN
    2061-004-038
    APU
    2061004038

    Description

    This exceptional commercial property located at 29338 Roadside Drive in Agoura Hills, California, presents a unique investment opportunity. The property boasts a total building size of 2,496 square feet, currently vacant and ready for immediate occupancy. The building is situated on a sizable 0.62-acre lot (27,142 square feet), offering ample space for expansion or outdoor uses. The property is zoned BP - M - FC in Los Angeles County, and its APN is 2061-004-038. The property type is classified as Retail and Land, with a commercial automotive subtype. This single-tenant property is ideal for a variety of businesses seeking a high-visibility location in a thriving community. The property's location in Agoura Hills, CA, 91301 (34.1458136, -118.7645039) offers excellent access to major transportation routes and a strong customer base. This is a rare opportunity to acquire a substantial retail space with significant land area in a desirable location. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $712,000
      Market price range: $170k - $712k

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

    Location Insight

    • Map
    • Local Demand
    City
    Agoura Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.764
    Latitude
    34.1457
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, 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
    2024
    $14,314
    $1,096,784
    $85,370
    $1,182,154
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $225,000
      800 SF

      28378 Roadside Dr

      AUTO REPAIR, GARAGE • 800 SF
      28378 Roadside Dr, Agoura Hills, CA 91301-2639
      View Details
    • Value Estimation
      $310,000
      5,950 SF

      28236 Dorothy Dr

      AUTO REPAIR, GARAGE • 5,950 SF
      28236 Dorothy Dr, Agoura Hills, CA 91301-2697
      View Details
    • Value Estimation
      $3,660,000
      9,323 SF

      28118 Dorothy Dr

      AUTO REPAIR, GARAGE • 9,323 SF
      28118 Dorothy Dr, Agoura Hills, CA 91301-2603
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    • Value Estimation
      $290,000
      4,020 SF

      29162 Roadside Dr

      AUTO REPAIR, GARAGE • 4,020 SF
      29162 Roadside Dr, Agoura Hills, CA 91301-3306
      View Details
    • Value Estimation
      $370,000
      1,885 SF

      5051 Kanan Rd

      SERVICE STATION (FULL SERVICE) • 1,885 SF
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      View Details

    Similar Nearby for Sale

    • $7,250,000

      Agoura Hills Commercial Building

      Freestanding 13,692 SF building on 0.87-acre lot.
      28350 Roadside Dr, Agoura Hills, CA 91301
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      Class A Office Campus: Prime Agoura Hills Location
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      Stunning lot with views, ready to build your dream home.
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      Office space with courtyard, close to restaurants and 101 Freeway.
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      Updated 2-bedroom condo in desirable Agoura Hills community.
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      Land in Agoura Hills

      10.36 acres of commercial land for sale.
      E Blythedale Rd, Agoura Hills, CA 91301
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    Similar Nearby for Lease

    • $27 SF/Yr
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      Agoura Hills Retail Center Opportunity

      Prime Agoura Hills retail space available.
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    • Contact for pricing
      2,500 SF

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      Prime Agoura Hills location, 2500 sq ft, high visibility.
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    • $1.95 SF/Yr
      94,907 SF

      Canwood Corporate Center: Agoura Hills Office

      Class A Office Space, Agoura Hills, CA
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      View Details
    • Contact for pricing
      120,091 SF

      Agoura Hills Retail Center Investment

      Prime Agoura Hills retail space available.
      5671 Kanan Rd, Agoura Hills, CA 91301
      View Details
    • $2 SF/Yr
      1,200 SF

      Retail Space Near Ventura Freeway

      Retail space with high traffic near the Ventura Freeway.
      5007 Kanan Rd, Agoura Hills, CA 91301
      View Details
    • $33 SF/Yr
      19,481 SF

      Agoura Hills Retail Space Available

      Prime Agoura Hills retail space, 6,551 sq ft.
      29020 Agoura Rd, Agoura Hills, CA 91301
      View Details
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    Agoura Hills, CA 91301-1501
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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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