Retail Space Near
For Sale
Contact for pricing
3211 Pico Blvd, Santa Monica, CA 90405
Commercial storefront with high traffic, near Trader Joe's.
Property Size2,500 SF
Days on Market201
Property Features for 3211 Pico Blvd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Building Details
Building Size
2,500 SF
Year Built
1959
Stories
1
Properties For Sale
at 3211 Pico Blvd
Available Space
Size
2,500 SF
Lease Type
G
Listing Agency:
Daum Commercial
Listed By:
Chuck Brill · License #CA 00974881
(310) 538-6710
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 3
Last Checked: Oct 19 at 3:13AM
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 Daum Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is a commercial storefront situated in a location with a high traffic count, positioned just west of the 10 Freeway and across from Trader Joe’s.
Key Highlights
- Excellent high traffic count location
- Commercial storefront
- Across from Trader Joe’s
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,311,480
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,106,229,600
$1,106.2M
Cap Rate 7%
$790,164,000
$790.2M
Cap Rate 9%
$614,572,000
$614.6M
Market Conditions
NOI Build-Up for 2,500,000 SF
Gross rent
$84.60M $33.84/SF
− Vacancy
−$5.58M −$2.23/SF
EGI
$79.02M $31.61/SF
− OpEx
−$23.70M −$9.48/SF
NOI
$55.31M $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,106,229,600
Cap Rate 7%
$790,164,000
Cap Rate 9%
$614,572,000
Alternative Uses
Best Use
Retail
$790.16M
$691.39M – $921.86M
NOI $55,311,480 @ 7.0% cap · market cap 1,843,716,000.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1,338.49M
$1,171.18M – $1,561.57M
NOI $93,694,320 @ 7.0% cap · market cap 3,123,144,000.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,338
Businesses Nearby
195k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 29%
Groceries 16%
Office Supplies 8%
Taco Bell
Dining
30,875 visits/mo
0.4 miles
Trader Joe's
Groceries
30,578 visits/mo
0.0 miles
McDonald's
Dining
26,752 visits/mo
0.2 miles
Starbucks
Dining
21,898 visits/mo
0.3 miles
Dollar Tree
Shops & Services
17,639 visits/mo
0.3 miles
Demographics for 90405, CA
27,966
Population
15,726
Households
1.8
Avg Household Size
43
Median Age
70%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
9,988
Density / Sq Mi
$114,489
Median Household Income
$84,727
Median Earnings
$2,311
Median Rent
$1,940,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Pink Clover Flowers — 2501 pico blvd #717, santa monica, ca 90405
- Fireweed Florals — 1819 Stanford St, Santa Monica, CA 90404
- Designs By David — 11732 W Pico Blvd, Los Angeles, CA 90064
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with high traffic, near Trader Joe's.
Where is this storefront property located?
The property is located at 3211 Pico Blvd Santa Monica, CA.
What are key features of this property?
This property features: Excellent high traffic count location; Commercial storefront; Across from Trader Joe’s
