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    Office Building with High Ceilings Title is generated by Realmo AI

    1119 Colorado Avenue, Santa Monica, CA 90401

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    New
    For Lease
    $3 SF/Yr

    Bright, high-ceiling office layout with window offices, conference room, and ample parking near transit.

    Type:Office
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:08 am

    Property Features for 1119 Colorado Avenue

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1119 Colorado Avenue Contact us

    We can help!

    Listing Contact
    Joseph Gabbaian

    Listing agent Joseph Gabbaian License #CalDRE #01016301

    Listing office

    Listing date Jun 2, 2026

    Source Www2.naicapital

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Joseph Gabbaian

    HighLights

    • Office space with window offices, interior offices, and open areas on both floors
    • Includes a conference room, large kitchen, storage area, and 3 bathrooms
    • Most of the ground floor features high ceilings with lots of natural light
    • Potential for prominent signage
    • Ample parking in the surrounding surface lot
    • Close to Expo Line Station at 16th & Colorado with easy access to the Santa Monica Fwy (I‑10)

    Overview

    This two-floor office building offers a practical mix of window offices, interior offices, and open areas on both levels. The space includes a conference room, three bathrooms, a large kitchen, and a dedicated storage area, supporting both day-to-day operations and team meetings.

    Located at 1119 Colorado Avenue in Santa Monica, the building is positioned in the heart of Silicon Beach near many media and tech companies. Most of the ground floor features high ceilings and lots of natural light, and there is potential for prominent signage. Tenants and visitors benefit from ample parking in a surrounding surface lot. The property is also close to the Expo Line Station at 16th & Colorado, with easy access to the Santa Monica (10) Freeway.

    With its bright, flexible layout and built-in meeting and support spaces, this property is well suited for established teams that want a combination of private offices and collaborative open areas. The on-site conference room, kitchen, and storage help support professional services and corporate office users looking for convenience, visibility, and straightforward access.
    Location Intelligence

    Current Use by Public Records

    SHAPIRO MEDIATION LLC Mediation Service Algeos USA Orthotics & Prosthetics Service Careismatic Brands Inc. Corporate Office Design Center Corporate Office About HR Giger Publishing House

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.485337
    Latitude
    34.0195028

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    FAQs

    What type of property is this?
    Office building - Bright, high-ceiling office layout with window offices, conference room, and ample parking near transit.
    Where is this office building located?
    The property is located at 1119 Colorado Avenue Santa Monica, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Office space with window offices, interior offices, and open areas on both floors; Includes a conference room, large kitchen, storage area, and 3 bathrooms; Most of the ground floor features high ceilings with lots of natural light
    (310) 801-0676
    We can help!
    Listing Contact
    Joseph Gabbaian
    Real Estate License ID: CalDRE #01016301
    Learn More
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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.

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