Add Listing
    For Lease
    • 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

    398 Mira Mar Ave Long Beach, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Creative retail space with ample glass line and rear patio.

    Type:RETAIL
    Property size:
    600 SF
    Lot size:
    0.06 Acres
    Added:
    Apr 30, 2025
    Days on Market:
    359
    Last Refresh:
    Apr 5 at 8:51 pm

    Property Features for 398 Mira Mar Ave

    General Information

    Standard status
    Active
    Size
    600 SF
    Lot size
    0.06 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 398 Mira Mar Ave Contact us

    We can help!

    Listing Contact
    Noël Aguirre
    Noël Aguirre

    Listing agent Noël Aguirre License #01263417

    Listing office Lee & Associates Los Angeles – Long Beach Inc.

    Listing date Apr 30, 2025

    Source Moodyscre

    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 Lee & Associates Los Angeles – Long Beach Inc.

    Overview

    Refurbished Retail Space with Patio

    This is a newly refurbished creative retail space featuring ample glass line facing 4th Street. The property includes a rear exterior patio located behind the building. The property size is 600 square feet.
    Location Intelligence

    Current Use by Public Records

    Anna Marks Photography Wedding Service Beehive Hair Salon

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.147
    Latitude
    33.7715

    Nearby Similar for Lease

    • Contact for pricing

      Long Beach Turn-Key Office Space

      State-of-the-art office building in Long Beach's Architectural District.
      1342 Coronado, Long Beach, CA 90804
      View Details
    • Contact for pricing

      Long Beach Mixed-Use Triplex

      Triplex with build-out opportunity in Long Beach, California.
      1429 E South, Long Beach, CA 90805
      View Details
    • Contact for pricing

      Long Beach Parking Lot Rental

      Paved parking lot near Long Beach Airport available for lease.
      3070 E Airport Way, Long Beach, CA 90806
      View Details
    • Contact for pricing

      CA, Long Beach - 145 W Broadway

      145 Broadway, Unit 400, Long Beach, CA 90802
      View Details
    • Contact for pricing

      Landmark Square

      111 Ocean Blvd, Unit 4TH, Long Beach, CA 90802
      View Details
    • Sponsored
      Contact for pricing

      CA, Long Beach - E 3rd St

      120 3Rd St, Long Beach, CA 90802
      View Details
    • Contact for pricing

      Turnkey Office Suite in Long Beach

      Move-in ready office suite with flexible layout and premium finishes.
      100 E Wardlow, Long Beach, CA 90807
      View Details
    • $2/mo

      Restored Office Space in Long Beach

      Renovated office space in historic, award-winning building.
      237 Long Beach Blvd, Long Beach, CA 90802
      View Details
    • Contact for pricing

      Ground Floor Office Space Available

      Office space for lease with shared amenities in Long Beach.
      3767 Worsham Ave, Long Beach, CA 90808
      View Details
    • Contact for pricing

      Turnkey Commercial Kitchen in Long Beach

      Commercial kitchen for lease near downtown Long Beach and CSULB.
      222 E 10th Street, Long Beach, CA 90813
      View Details
    • $2/mo

      Medical Office Suite For Rent

      Medical office suite near Long Beach Memorial Medical Center.
      3610 Long Beach Blvd, Long Beach, CA 90807
      View Details
    • $2/mo

      Neighborhood Strip Center For Rent

      ±15,000 SF neighborhood strip center with strong existing tenancy.
      6416 East Stearns Street, Long Beach, CA 90815
      View Details

    FAQs

    What type of property is this?
    Retail space - Creative retail space with ample glass line and rear patio.
    Where is this retail space located?
    The property is located at 398 Mira Mar Ave Long Beach, CA.
    What are key features of this property?
    This property features: Newly refurbished space; Creative retail space; Ample glass line facing 4th Street
    (562) 895-0317 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Noël Aguirre
    Noël Aguirre
    Real Estate License ID: 01263417
    Learn More
    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.
    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!