420 Pennsfield Pl Thousand Oaks, CA 91360
This exceptional 0.68-acre commercial land parcel, located at 420 Pennsfield Pl., Thousand Oaks, CA 91360 (APN 669-0-021-080), is offered at $3,500,000 fee simple. The property boasts approved plans, permits, and entitlements for a state-of-the-art, approximately 112,293 square foot, two-story medical office building, including hardscape and landscaping. Its strategic location in the highly desirable Thousand Oaks/SE County submarket provides unparalleled access to major transportation arteries, including the 101 and 23 freeways, ensuring convenient commutes for staff and clients. The site benefits from a soft corner location, maximizing visibility and attracting potential clientele. Surrounded by a wealth of amenities, including Janss Marketplace, The Oaks Mall, Best Buy, Whole Foods, and numerous retail centers, this property presents a unique opportunity to capitalize on a thriving and vibrant commercial environment. This ready-to-build site offers significant potential for immediate development and substantial return on investment. Don't miss this chance to acquire a prime piece of commercial real estate in a highly sought-after location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.