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Property profile & analytics
OFF-MARKET
Estimated value
$8,735,000
Medical Office Space
365 Hillcrest Dr Thousand Oaks, CA 91360-5820
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1590760
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
23,633 SF
Lot
3.17 ac (137,954 SF)
Zoning code
C3
APN
669-0-021-245
UPID
US10-1590760
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
-
Kaiser Permanente Thousand Oaks 365 E. Hillcrest Drive Medical Offices Medical Clinic
-
Kaiser Permanente Thousand Oaks Pharmacy Pharmacy
-
Pharmacy | Kaiser Permanente Thousand Oaks 365 E. Hillcrest Drive Medical Office Pharmacy
-
Adrienne Bessey, MD | Kaiser Permanente Pediatrician Physician
-
Eduard Osmonov, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.42M
Comparable Approach
Comparable
$8.49M
Blend (final)
Blend
$8.74M
Owner & transaction history
Arv Hillcreek LLC · 23 yrs held
Arv Hillcreek LLC
since 2002
1 recorded transaction
Zoning & alternative use
C3 · Thousand Oaks, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+27.1%
Office building
$10.8M
+20.1%
Neighborhood: shopping center
$9.9M
+10.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,870,000
6.5%
$5,420,000
7%
$5,030,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,985,000
Current use
RESTAURANT
$11,420,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$10,795,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,905,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,895,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,855,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,945,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$8.74M
Range $7.86M – $9.61M · ±10%
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
$370 / 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
$8,176
Tax year 2023
Assessed value
$14,066,311
Assessed 2024
Previous assessed
$11,082,462
+26.9% YoY
Effective rate
0.06%
On assessed value
Assessed land
$3,471,503
Assessed improvement
$10,594,808
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
NONE
Total area
23,633 SF
Lot
3.17 ac (137,954 SF)
Zoning code
C3
APN
669-0-021-245
UPID
US10-1590760
Jurisdiction
VENTURA
Zoning & alternative use
C3 · Thousand Oaks, CA
Zoning C3 · permitted uses
C3 · 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 Current
Est. value
$9.0M
RESTAURANT
Est. value
$11.4M
OFFICE BUILDING
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
INDUSTRIAL (GENERAL)
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$7.9M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1992
Heating
NONE
Lot
3.17 ac
Current owner
From public records · entity-resolved
Arv Hillcreek LLC
Entity
Mailing address
393 E WALNUT ST, PASADENA, CA 91188-0001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2002
—
Arv Hillcreek LLC
—
Deed Of Trust
related
$24,000,000 · Gmac Commercial Mortgage Corp
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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