Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    315 S Beverly Drive, Beverly Hills, CA 90212

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space

    Type:Retail
    Added:
    Jun 26, 2024
    Days on Market:
    708
    Last Refresh:
    May 12 at 10:05 pm

    Property Features for 315 S Beverly Drive

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 315 S Beverly Drive Contact us

    We can help!

    Listing Contact
    Jay Luchs

    Listing agent Jay Luchs License #CA 01260345

    Listing office Newmark | Los Angeles - Century City

    Listing date Jun 26, 2024

    Source Crexi

    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 Newmark | Los Angeles - Century City

    HighLights

    • For Lease
    Property Profile Location Intelligence

    Current Use by Public Records

    Glaser Steven Law Firm Nancy Addison, Ph.D., ... Physician Plotkin Gordon MD Physician Dr Renee Solomon Physician Dr. Michael J. ... Psychotherapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Beverly Hills
    County
    Los Angeles
    State
    California
    Longitude
    -118.3994358
    Latitude
    34.0617877

    Nearby Similar for Lease

    • Sponsored
      $129-$7,046/Mo
      11-1,292 SF

      CA, Beverly Hills - N Camden Dr

      468 Camden Dr, Unit 2ND, Beverly Hills, CA 90210
      View Details
    • $6,939/Mo
      1,455 SF

      Beverly Hills Medical Spa Space

      Turnkey medical spa space in prime Beverly Hills location.
      211-9730 Wilshire Blvd, Beverly Hills, CA
      View Details
    • $4,704/Mo
      784 SF

      Beverly Hills Medical Office Suite

      Turn-key medical office suite available in Beverly Hills.
      104-9730 Wilshire Blvd, Beverly Hills, CA
      View Details
    • $129-$6,894/Mo
      11-1,292 SF

      8383 Wilshire

      8383 Wilshire Blvd, Unit 800, Beverly Hills, CA 90211
      View Details
    • $2,000/Mo
      422 SF

      Medical Office Suite on Wilshire

      Prime Beverly Hills medical office space for rent.
      U-9730 Wilshire Blvd, Beverly Hills, CA
      View Details
    • $3,699/Mo

      Creative Retail/Office Space Available

      Freestanding building suitable for retail, office, or salon.
      103-337 S Robertson Blvd, Beverly Hills, CA
      View Details
    • $20,000/Mo

      Turnkey First-Floor Medical Office

      Move-in ready medical suite with receptionist area, lobby, and multiple patient rooms positioned at street level in front of the elevator.
      S-1-421 N Rodeo Dr, Beverly Hills, CA
      View Details
    • $4 SF/Yr
      55,000 SF

      Prominent Beverly Drive Office Building

      Five-story office building with upgraded lobby and valet parking.
      280 S. Beverly Drive, Beverly Hills, CA 90212
      View Details
    • Contact for pricing
      37,561 SF

      Beverly Hills Automotive Dealership Space

      Automotive dealership space available in Beverly Hills in Fall 2024.
      8825 Wilshire Blvd, Beverly Hills, California 90211
      View Details
    • Contact for pricing
      33,844 SF

      Beverly Hills Prime Office Space

      Prestigious Beverly Hills office building with flexible suite sizes.
      8840 Wilshire Boulevard, Beverly Hills, CA, 90211
      View Details
    • $5,930/Mo
      1,186 SF

      Retail Space in Beverly Hills

      Retail space available for lease in Beverly Hills.
      330 North Beverly Drive, Beverly Hills, CA, 90210
      View Details
    • Contact for pricing
      6,058 SF

      Beverly Hills Boutique Office Building

      Two-story garden-style office building in prime Beverly Hills location.
      9024 W Olympic Blvd, Beverly Hills, CA 90211
      View Details

    FAQs

    Where is this retail space located?
    The property is located at 315 S Beverly Drive Beverly Hills, CA.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jay Luchs
    Real Estate License ID: CA 01260345
    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

    Thank You for Inquiry
    315 S. Beverly Drive, Beverly Hills, CA 90212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!