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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Industrial properties
4485 Runway St Simi Valley, CA 93063-3436
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-0820318
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
12,483 SF
Lot
0.62 ac (27,007 SF)
Zoning code
L1
APN
644-0-190-075
UPID
US10-0820318
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
-
Grapheex Inc Marketing & Advertising Printing Service
-
Mike Willard Automotive Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.56M
Owner & transaction history
Volt Properties LLC · 4 yrs held
Volt Properties LLC
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
L1 · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.2M
+53.8%
Office building
$4.8M
+40.3%
Medical building
$4.7M
+39.6%
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
Method
Estimation
Statistic approach
$3,885,000
ML approach
$3,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,400,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,230,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$4,770,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$4,745,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,675,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,195,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,630,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±10% · vs last sale $3.25M (Dec 7 2021)
Last sale anchor
$3.25M
Dec 7 2021
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
$285 / 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
$35,618
Tax year 2023
Assessed value
$3,381,300
Assessed 2024
Previous assessed
$3,315,000
+2.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$655,452
Assessed improvement
$2,725,848
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
NONE
Total area
12,483 SF
Lot
0.62 ac (27,007 SF)
Zoning code
L1
APN
644-0-190-075
UPID
US10-0820318
Jurisdiction
VENTURA
Zoning & alternative use
L1 · Simi Valley, CA
Zoning L1 · permitted uses
L1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1982
Heating
NONE
Lot
0.62 ac
Current owner
From public records · entity-resolved
Volt Properties LLC
Entity
Mailing address
7531 BOVEY AVE, RESEDA, CA 91335-2480
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
Volt Properties LLC
—
Deed
related
$1,650,000 · Cit Bank NA
Dec 7, 2021
$3,250,000
Volt Properties LLC
Michael Kian
Grant Deed
$1,650,000 · Cit Bank NA
Dec 7, 2021
—
Cit Bank NA
Volt Properties LLC
Assignment Of Lease (leasehold Sale)
related
$1,357,000 · Business Finance Capital
Mar 26, 2015
$1,593,000
Michael Kian
Runway Properties LLC
Grant Deed
$1,192,844 · Onewest Bank NA
Mar 26, 2015
—
Michael Kian
Shidfar Mahnaz
Quit Claim Deed
related
—
Sep 18, 2003
$1,468,500
Runway Properties LLC
Flanders,tr
Grant Deed
$1,321,400 · Business Bank Of California
Aug 22, 1997
—
Flanders,fam Rev Tr
Flanders,
Quit Claim Deed
related
—
—
—
Runway Properties LLC
—
Deed Of Trust
related
$1,275,000 · General Electric Capital Corp
—
—
Harold K Flanders
—
Deed Of Trust
related
$333,000 · First California Bank
—
—
Flanders,tr
—
Deed Of Trust
related
$425,000 · First California Bank
—
—
Harold Flanders
—
Deed Of Trust
related
$500,000 · Garfield Bank
—
—
Flanders Trust
—
Deed Of Trust
related
$200,000 · Camarillo Community 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.
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