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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Spg Rd Moorpark, CA 93021-1243

    • Apartment buildings
    • 143 SF
    • 7.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-1481632
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Moorpark Eco Cab / Taxi Service
    • Moorpark / Park
    • Woodcreek Pool / Outdoor Swimming Pool
    • Leo’s Tub Refinishing / Bathroom Remodeler / Service Establishment
    • Apartment / Apartment Building

    Property Details for 600 Spg Rd

    Year built
    1987
    Lot size
    7.84 lot acres
    Property size
    143 SF
    Zone code
    RPD15
    Property type
    Apartment buildings
    APN
    512-0-150-435
    APU
    5120150435

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moorpark
    County
    Ventura
    State
    California
    Longitude
    -118.873
    Latitude
    34.2815
    CBSA code
    37100
    CBSA name
    OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $172,088
    $4,208,592
    $11,004,956
    $15,213,548
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $26,145,000
      134,520 SF

      51 Majestic Ct

      APARTMENT HOUSE (5+ UNITS) • 134,520 SF
      51 Majestic Ct, Moorpark, CA 93021-2175
      View Details
    • Value Estimation
      $8,900,000
      44,840 SF

      51 Majestic Ct

      APARTMENT HOUSE (5+ UNITS) • 44,840 SF
      51 Majestic Ct, Moorpark, CA 93021-2175
      View Details
    • Value Estimation
      $29,510,000
      152,456 SF

      51 Majestic Ct

      APARTMENT HOUSE (5+ UNITS) • 152,456 SF
      51 Majestic Ct, Moorpark, CA 93021-2175
      View Details
    • Value Estimation by Request
      321,174 SF

      4703 Moorpark Ave

      APARTMENT HOUSE (5+ UNITS) • 321,174 SF
      4703 Moorpark Ave, Moorpark, CA 93021-4124
      View Details
    • Value Estimation by Request
      1.12 Acres

      Moorpark, CA 93021

      APARTMENT HOUSE (5+ UNITS) • 1.12 Acres
      Moorpark, CA 93021
      View Details
    • Value Estimation
      $2,850,000
      24,685 SF

      396 Charles St

      APARTMENT HOUSE (5+ UNITS) • 24,685 SF
      396 Charles St, Moorpark, CA 93021-1294
      View Details

    Similar Nearby for Sale

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      Remodeled Home in All-Age Park

      Spacious 2BR/2BA home with modern upgrades in a vibrant community.
      15750 Arroyo Dr, Moorpark, CA 93021
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    • $350,000
      1,152 SF

      Charming Residence with Mountain Views

      Two-bedroom residence with remodeled kitchen, private deck, and community amenities.
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    • $3,477,045
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      Moorpark Free Standing Office Building

      Free standing office/medical building in Moorpark, CA for sale.
      850 Patriot Dr, Moorpark, CA 93021
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    • $1,600,000

      Land with Avocado Trees

      5.8-acre property with approximately 750 avocado trees.
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    • New
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    Similar Nearby for Lease

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      4,002 SF

      Moorpark Warehouse Space Available

      Modern Ventura County warehouse space for lease.
      5140-5148 Commerce Ave, Moorpark, CA 93021
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      Gateway Plaza: Moorpark Executive Suites

      Premium Moorpark office space, 2 suites available.
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      View Details
    • $2 SF/Yr
      28,955 SF

      Patriot Professional Plaza: Medical Office Space

      Ventura County medical office suites available. Multiple sizes, immediate occupancy.
      800-860 Patriot Dr, Moorpark, CA 93021
      View Details
    • $1.40 SF/Yr
      2,083 SF

      Moorpark Commerce Center Flex Space

      Multi-tenant industrial building with immediate highway access in Simi Valley/Moorpark.
      5140-5146 Commerce Ave, Moorpark, CA 93021
      View Details
    • $2 SF/Yr
      3,460 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building in Moorpark, no common areas.
      860 Patriot Dr, Moorpark, CA 93021
      View Details
    • $2 SF/Yr
      4,965 SF

      Moorpark Freestanding Office/Medical Building

      Freestanding office/medical building with no common areas for rent.
      830 Patriot Dr, Moorpark, CA 93021
      View Details
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    600 Spg Rd
    Moorpark, CA 93021-1243
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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