Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    703 Rancho Conejo Blvd Thousand Oaks, CA 91320-1712

    • Industrial properties
    • 10,993 SF
    • 0.83 lot acres
    OFF-MARKET
    Last Sale
    Jun 28, 2024
    $1,380,000
    Value Estimations
    $1,380,000
    Show details
    Cap Rate Potential
    9.3%
    Industrial properties
    Location Intelligence
    Property ID
    US10-1254240
    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

    • Art Trek / Theater & Performing Art Venue

    Property Details for 703 Rancho Conejo Blvd

    Year built
    1985
    Lot size
    0.83 lot acres
    Property size
    10,993 SF
    Zone code
    M1
    Property type
    Industrial properties
    APN
    667-0-060-575
    APU
    6670060575

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,380,000
      ML approach
      $1,380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,158,000
      Market price range: $361k - $2.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.925
    Latitude
    34.189
    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
    $547
    $710,870
    $1,203,008
    $1,913,878
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      825 Biotech Ct

      INDUSTRIAL (GENERAL) • 1.52 Acres
      825 Biotech Ct, Thousand Oaks, CA 91320-1709
      View Details
    • Value Estimation
      $520,000
      3.87 Acres

      777 Pauling Dr

      INDUSTRIAL (GENERAL) • 3.87 Acres
      777 Pauling Dr, Thousand Oaks, CA 91320-1742
      View Details
    • Value Estimation
      $595,000
      20,538 SF

      2192 Anchor Ct

      MULTI-TENANT INDUSTRIAL BUILDING • 20,538 SF
      2192 Anchor Ct, Thousand Oaks, CA 91320-1605
      View Details
    • Value Estimation
      $16,595,000
      116,580 SF

      2430 Conejo Spectrum St

      INDUSTRIAL (GENERAL) • 116,580 SF
      2430 Conejo Spectrum St, Thousand Oaks, CA 91320-1445
      View Details
    • Value Estimation
      $16,855,000
      98,218 SF

      2455 Conejo Spectrum St

      INDUSTRIAL (GENERAL) • 98,218 SF
      2455 Conejo Spectrum St, Thousand Oaks, CA 91320-1451
      View Details
    • Value Estimation
      $665,000
      23,670 SF

      1355 Lawrence Dr

      MULTI-TENANT INDUSTRIAL BUILDING • 23,670 SF
      1355 Lawrence Dr, Thousand Oaks, CA 91320-1309
      View Details

    Similar Nearby for Sale

    • $29,461,410
      89,277 SF

      Class A Industrial Building

      Class A industrial building available for purchase.
      1515 Rancho Conejo Blvd, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing
      8,076 SF

      Newbury Park Flexible Use Facility

      Flexible industrial facility suitable for R&D, life science, or warehouse.
      3235-3241 Grande Vista Dr, Newbury Park, CA 91320
      View Details
    • $6,999,999

      Remodeled Newbury Park Corporate HQ

      High-image industrial building with lab space near Amgen campus.
      3615 Old Conejo Rd, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      98,980 SF

      Industrial Building with Lab & Office

      Freestanding industrial building featuring lab, office, and warm shell space.
      1535 Rancho Conejo Blvd, Newbury Park, CA 91320
      View Details
    • Contact for pricing

      Land with Mountain and City Views

      Land with spectacular views in a quiet, upscale neighborhood.
      1 Donlin Rd, Newbury Park, CA 91320
      View Details
    • $30,000
      0.12 Acres

      Land in Serene Newbury Park

      Tranquil land with mountain views, seasonal creek, and oak trees.
      80 81, Newbury Park, CA 91320
      View Details

    Similar Nearby for Lease

    • $1.55 SF/Yr
      3,120 SF

      Industrial Space For Lease

      Multi-tenant industrial building with 3,120 square feet available for lease.
      996 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • $1.00 SF/Yr
      11,000 SF

      Thousand Oaks Office/Flex Space

      Premier 11,000 SF office/flex space in Thousand Oaks.
      950 Lawrence Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing

      Office/Flex/Life Science Opportunity

      Office, flex, and life science space available for lease.
      2201 Corporate Center Dr, Thousand Oaks, CA 91320
      View Details
    • Contact for pricing
      6,907 SF

      Clear Span Warehouse For Rent

      Warehouse with LED lighting, offices, and freeway access.
      2640 Lavery Ct, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      1,352 SF

      Industrial Space with Office

      Flex space with office and ground-level door available for lease.
      1111 Rancho Conejo Blvd, Newbury Park, CA 91320
      View Details
    • Contact for pricing
      33,625 SF

      Thousand Oaks Flex/Industrial Space

      Flex and industrial space available for lease in Thousand Oaks.
      2201 Corporate Center Dr, Thousand Oaks, CA 91320
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    703 Rancho Conejo Blvd
    Thousand Oaks, CA 91320-1712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!