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Property profile & analytics
OFF-MARKET
Estimated value
$39,010,000
Industrial properties
3500 Willow Ln Thousand Oaks, CA 91361-4921
Entity Owned
3-yr Hold
Free & Clear
Property ID
US10-1572414
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
162,873 SF
Lot
5.42 ac (235,964 SF)
Zoning code
M1
APN
676-0-170-390
UPID
US10-1572414
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
-
HRL Laboratories Research Institute
-
Chateau Gate Service of Thousand Oaks General Contractor Construction Company
-
K&S Chimney Sweep General Contractor Renovation Specialist
-
Easton Diamond Sports, LLC. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.19M
Comparable Approach
Comparable
$45.10M
Blend (final)
Blend
$39.01M
Owner & transaction history
Lucky Lane Two LLC · 3 yrs held
Lucky Lane Two LLC
since 2022
Last sale
$39.8M
7 recorded transactions
Zoning & alternative use
M1 · Thousand Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$41,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$31,620,000
6.5%
$29,190,000
7%
$27,105,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$61,940,000
Change: -9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$61,015,000
Change: -11% · Conversion: Easy
COMMERCIAL (GENERAL)
$54,760,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$39.01M
Range $35.11M – $42.91M · ±10% · vs last sale $39.75M (Nov 17 2022)
Last sale anchor
$39.75M
Nov 17 2022
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
$240 / 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
$417,897
Tax year 2023
Assessed value
$40,545,000
Assessed 2024
Previous assessed
$39,750,000
+2.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$7,242,000
Assessed improvement
$33,303,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Heating
NONE
Total area
162,873 SF
Lot
5.42 ac (235,964 SF)
Zoning code
M1
APN
676-0-170-390
UPID
US10-1572414
Jurisdiction
VENTURA
Zoning & alternative use
M1 · Thousand Oaks, CA
Zoning M1 · permitted uses
M1 · 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
MEDICAL BUILDING
Est. value
$61.9M
AUTO REPAIR, GARAGE
Est. value
$61.0M
COMMERCIAL (GENERAL)
Est. value
$54.8M
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
1986
Heating
NONE
Lot
5.42 ac
Current owner
From public records · entity-resolved
Lucky Lane Two LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3011 MALIBU CYN RD, MALIBU, CA 90265-4737
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Hrl Laboratories LLC
—
Deed
related
$1,000,000 · Bank Of America NA
Nov 17, 2022
—
Lucky Lane Two LLC
Willow Palms Equity LLC
Grant Deed
—
Nov 17, 2022
$39,750,000
Hrl Laboratories LLC
Arise Warez LLC
Grant Deed
$31,800,000 · Us Bank NA
Jul 27, 2021
$19,700,000
Willow Hurst LLC
Scottsdale Commerce LLC
Grant Deed
$14,366,950 · Zb NA
Jul 14, 2015
$10,400,000
Scottsdale Commerce LLC
Pegh Investmetns LLC
Grant Deed
$8,000,000 · Umpqua Bank
Dec 31, 2012
—
Pegh Investments LLC
—
Deed Of Trust
related
$68,000,000 · Haas Gene Trust (pt)
Sep 25, 2003
—
Pegh Investments LLC
Terandyne INC
Grant Deed
related
—
Mar 26, 1997
$4,000,000
Mutual Life Insurance Co Ny
Thomas,jacob E & Mary A
Trustees Deed
—
Jan 25, 1993
$1,000
Jacob E Thomas
Sunset Willow We
Grant Deed
related
—
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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