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Property profile & analytics
FOR LEASE
Office buildings
40 W Cochran St Simi Valley, CA 93065
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US10-1465052
For Lease
1 / 3
$5,365,000
40 W Cochran St, Simi Valley, CA 93065
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
29,678 SF
Lot
2.43 ac (105,894 SF)
Zoning code
CO-S
APN
579-0-062-125
UPID
US10-1465052
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
-
CENTURY 21 Real Estate Alliance - Fine Homes and Estate Real Estate Agency
-
Allied Electronics & Automation Electronics & Wireless Store
-
Moorpark Educators Association Association Or Organization
-
Bloom dazzle (Bike/Boat/Book/etc) Store
-
Thistle Root (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.37M
Owner & transaction history
Scheu Business Parks LLC · 9 yrs held
Scheu Business Parks LLC
since 2017
5 recorded transactions
Zoning & alternative use
CO-S · Simi Valley, 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 Simi Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Simi Valley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$181 / 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
$59,465
Tax year 2023
Assessed value
$5,461,576
Assessed 2024
Previous assessed
$5,354,487
+2.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,536,068
Assessed improvement
$3,925,508
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1990
Heating
NONE
Total area
29,678 SF
Lot
2.43 ac (105,894 SF)
Zoning code
CO-S
APN
579-0-062-125
UPID
US10-1465052
Jurisdiction
VENTURA
Zoning & alternative use
CO-S · Simi Valley, CA
Zoning CO-S · permitted uses
CO-S · Simi Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Simi Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Lot
2.43 ac
Current owner
From public records · entity-resolved
Scheu Business Parks LLC
Entity
Mailing address
2655 1ST ST STE #245, SIMI VALLEY, CA 93065-1573
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2017
—
Scheu Business Parks
—
Deed
related
$3,085,070 · Wells Fargo Bank NA
Mar 31, 2017
$4,800,000
Scheu Business Parks LLC
Sv Buisness Center LLC
Grant Deed
—
Feb 1, 2017
—
Sv Business Center LLC
Sv Business Center LLC
Intrafamily Transfer
related
$4,200,000 · Grand Pacific Financing Corporation
Dec 19, 1997
—
Harris Trust
—
Deed Of Trust
related
$1,300,000 · Safeco Life Insurance Co
—
—
Sv Business Center LLC
—
Deed Of Trust
related
$4,550,000 · Capmark Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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