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

    111 West Ocean Blvd Long Beach, CA 90802

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Second generation restaurant space with fully built-out kitchen.

    Property Features for 111 West Ocean Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jamie K. Brooks
    Source: Cbre

    Listing Agent: Jamie K. Brooks

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

    Learn more

    Overview

    Restaurant Space in Downtown Long Beach

    This is a second-generation restaurant space with the potential to be divided into smaller units. It is located in an office tower in the center of Downtown Long Beach, benefiting from heavy daytime traffic and a transit-oriented location. The property features a fully built-out kitchen and is situated on Main & Main at Ocean Boulevard and Pine Avenue. It has a CUP for beer and wine and includes secure, ample on-site parking. The location offers close proximity to The Pike Outlets, The Long Beach Convention & Entertainment Center, and the Promenade/Pine Ave Restaurant Zone. This space is suitable for conventional restaurants, retail space, and other commercial real estate ventures.
    Location Intelligence

    Current Use by Public Records

    NuFinishPro of Long Beach Renovation Specialist Twin Home Experts ... Plumbing Service WEST COAST TRIAL ... Insurance Agency The Law Office of Donald ... Law Firm Wells Fargo Bank Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -118.1917111
    Latitude
    33.767538

    Nearby Similar for Lease

    • $13,728 /Mo
      4,992 SF

      Long Beach Turn-Key Office Space

      State-of-the-art office building in Long Beach's Architectural District.
      1342 Coronado Ave, Long Beach, CA 90804
      View Details
    • Contact for pricing
      3,164 SF

      East Long Beach Commercial Lease

      Prime location in East Long Beach near major amenities.
      3535 E 7Th St, Long Beach, CA 90804
      View Details
    • Contact for pricing

      CA, Long Beach - E 3rd St

      Flexible workspace in CA, Long Beach - E 3rd St
      120 3Rd St, Long Beach, CA 90802
      View Details
    • $12,000 /Mo
      5,500 SF

      Long Beach Mixed-Use Triplex

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

      CA, Long Beach - 145 W Broadway

      Find fully flexible work and meeting space in CA, Long Beach - 145 W Broadway
      145 Broadway, Long Beach, CA 90802
      View Details
    • Sponsored
      Contact for pricing

      Landmark Square

      Discover many ways to work your way in Landmark Square
      111 Ocean Blvd, Long Beach, CA 90802
      View Details
    • Contact for pricing
      10,386 SF

      Turnkey Office Suite in Long Beach

      Move-in ready office suite with flexible layout and premium finishes.
      100 E Wardlow Rd, Long Beach, CA 90807
      View Details
    • Contact for pricing
      Pending

      East Long Beach Commercial Space

      Accessible mixed-use corridor suitable for medical, office, or retail tenants.
      3535 E 7Th St, Long Beach, CA 90804
      View Details
    • $2,900 /Mo

      Long Beach Commercial Kitchen

      Turnkey commercial kitchen for lease in Long Beach.
      222 E 10Th St, Long Beach, CA 90813
      View Details
    • $5,400 /Mo

      Westside Commercial Building with Parking

      Commercial building/warehouse with parking, ready for occupancy.
      1508 W 15Th St, Long Beach, CA 90813
      View Details
    • $3,000 /Mo

      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
    • $3,800 /Mo

      Retail Space on Long Beach

      1,250 SF retail space with high visibility and traffic.
      5345 Long Beach Blvd, Long Beach, CA 90805
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Second generation restaurant space with fully built-out kitchen.
    Where is this conventional restaurant located?
    The property is located at 111 West Ocean Blvd Long Beach, CA.
    What are key features of this property?
    This property features: - Fully Built-Out Kitchen ready for immediate use.; - Located on Main & Main at Ocean Blvd and Pine Avenue, a prime location.; - CUP for Beer & Wine included.
    (310) 363-4881
    Request Owner's contact information
    111 West Ocean Blvd Long Beach, CA 90802
    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.
    111 West Ocean Blvd
    Long Beach, CA 90802
    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
    111 West Ocean Blvd Long Beach, CA 90802
    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

    We can help!
    Listing Contact
    Jamie K. Brooks
    Real Estate License ID: 1434718
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!