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    Creative Flex Light Industrial Building Title is generated by Realmo AI

    9024 Lindblade Street, Culver City, CA 90232

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    For Lease
    $1.95 SF/Yr $571/Mo (calc)

    Freestanding creative flex/light industrial building with roll-up door access, rear parking, and a divisible open floor plan.

    Type:Industrial
    Property size:
    3,518 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:48 am

    Property Features for 9024 Lindblade Street

    General Information

    Standard status
    Active
    Size
    3,518 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jeff Pion

    Listing agent Jeff Pion License #00840278

    Listing office CBRE - West Los Angeles

    Listing date Jun 3, 2026

    Source Cbre

    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 CBRE - West Los Angeles

    HighLights

    • Freestanding 3,815 RSF creative flex/light industrial building on Lindblade Street in Culver City
    • Open warehouse floor plan with exposed wood rafter ceilings, concrete floors, and abundant natural light
    • Rear parking and yard area with roll‑up door access
    • Divisible layout that allows for bifurcating user areas

    Overview

    Freestanding creative flex/light industrial building offering an open warehouse-style floor plan designed for flexible use. The space includes exposed wood rafter ceilings, concrete floors, and abundant natural light. A divisible layout provides the option to bifurcate user areas, supporting multiple workflows or separated work and office functions.

    Located at 9024 Lindblade Street in Culver City, the property is served by rear parking and a yard area with roll-up door access. This configuration supports convenient loading and staging at the back of the building while keeping the main interior layout open and adaptable.

    The building is well-suited for tenants seeking a light industrial and creative flex environment, including uses that benefit from both an open warehouse floor and the ability to separate areas as needed. With roll-up door access, rear parking, and a practical open plan, it offers a workable setup for light production, logistics-related activities, or studio-oriented operations requiring daylit, flexible interior space.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Whitehouse Dish Inc — 8549 Higuera St, Culver City, CA 90232
    • Poutine Brothers — 9626 Venice Blvd., Culver City, CA 90232
    • Santa Maria BBQ On Site Catering — 3845 Jasmine Ave, Culver City, CA 90232
    • Paradise Bar Events — 9927 Venice Blvd., Los Angeles, CA 90034
    • Wolfgang Puck Catering at Sony Pictures Studios — 10202 Washington Blvd, Culver City, CA 90232

    Location Insight

    • Map
    • Local Demand
    City
    Culver City
    County
    Los Angeles
    State
    California
    Longitude
    -118.3901612
    Latitude
    34.0247005

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    FAQs

    What type of property is this?
    Flex space - Freestanding creative flex/light industrial building with roll-up door access, rear parking, and a divisible open floor plan.
    Where is this flex space located?
    The property is located at 9024 Lindblade Street Culver City, CA.
    What is the lease rate?
    The lease rate is $1.95 SF/Yr.
    What are key features of this property?
    This property features: Freestanding 3,815 RSF creative flex/light industrial building on Lindblade Street in Culver City; Open warehouse floor plan with exposed wood rafter ceilings, concrete floors, and abundant natural light; Rear parking and yard area with roll‑up door access
    (310) 550-2537
    We can help!
    Listing Contact
    Jeff Pion
    Real Estate License ID: 00840278
    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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    9024 Lindblade Street, Culver City, CA 90232
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