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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Industrial properties
650 Cochran St Ste 10 Simi Valley, CA 93065-0922
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-0670767
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1987
Total area
3,966 SF
Zoning code
AI-S
APN
630-0-130-365
UPID
US10-0670767
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.38M
Owner & transaction history
Cochran Industrial Center 8 LLC · 3 yrs held
Cochran Industrial Center 8 LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
AI-S · Simi Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+53.8%
Office building
$1.5M
+40.3%
Medical building
$1.5M
+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
$1,775,000
ML approach
$1,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,080,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$1,515,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$1,510,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,485,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,335,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,155,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.31M (Apr 24 2023)
Last sale anchor
$1.31M
Apr 24 2023
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
$347 / 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
$8,057
Tax year 2023
Assessed value
$1,336,200
Assessed 2024
Previous assessed
$750,857
+78.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$534,480
Assessed improvement
$801,720
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1987
Heating
NONE
Total area
3,966 SF
Zoning code
AI-S
APN
630-0-130-365
UPID
US10-0670767
Jurisdiction
VENTURA
Zoning & alternative use
AI-S · Simi Valley, CA
Zoning AI-S · permitted uses
AI-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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
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
1987
Heating
NONE
Current owner
From public records · entity-resolved
Cochran Industrial Center 8 LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
$1,310,000
Cochran Industrial Center 8 LLC
John Cooley
Grant Deed
$1,028,500 · City National Bank
Apr 24, 2023
—
John Cooley
Michelle Cooley
Intrafamily Transfer
related
—
Mar 18, 2020
—
John Cooley
—
Deed
related
$567,000 · Bank Of The West
Jan 22, 2019
—
John Cooley
Dallas,hugh N
Quit Claim Deed
related
—
Jan 8, 2014
—
Jst Dev Corp
—
Trustees Deed
related
$50,000 · Jeff Simon
Jul 24, 2009
—
Hugh N Dallas
Dallas,hugh N
Quit Claim Deed
related
$80,000 · Jst Dev Corp
Mar 5, 2009
—
Hugh N Dallas
Dallas,hugh N
Quit Claim Deed
related
—
Apr 6, 2005
$335,000
Hugh N Dallas
Rovner,mike & Janet
Grant Deed
—
Apr 6, 2005
—
Hugh N Dallas
Dallas,lesley B
Quit Claim Deed
related
$325,000 · Ventura County Business Bank
Oct 26, 2004
$102,500
Mike Rovner
Rovner,mike & Janet
Quit Claim Deed
related
—
Dec 31, 2003
$420,000
Mike Rovner
Newman & Sons INC
Grant Deed
—
Aug 1, 2002
$380,000
Newman & Sons INC
First & La Realty Corp
Grant Deed
$234,000 · Hanmi Bank
Apr 27, 1999
$290,000
First & L A Realty Corp
Cohen,ivan I & Gayle M
Grant Deed
related
$252,200 · First Western Bank
—
—
Hugh N|cooley John Dallas
—
Deed Of Trust
related
$135,000 · Private Individual
—
—
John Cooley
—
Deed Of Trust
related
$567,000 · Bank Of The West
—
—
Mike Rovner
—
Deed Of Trust
related
$240,000 · Farmers & Merchants Bk Lng Bch
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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