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    Reinvented Office Building with Ocean Views Title is generated by Realmo AI

    444 W Ocean Blvd, Long Beach, CA 90802

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    Office building with renovated common areas and panoramic ocean views.

    Type:Office
    Added:
    Apr 24, 2023
    Days on Market:
    1115
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 444 W Ocean Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 444 W Ocean Blvd Contact us

    16th 1614 $2 /Mo

    Size
    4,068 SF
    Type
    Office
    9 Window Offices, Conference Room, Kitchen, Telephone Room, Copy Room and Reception...
    show more
    Contact us

    18th 1800 $2 /Mo

    Size
    11,842 SF
    Type
    Office
    PENTHOUSE FULL FLOOR with 17 offices, 2 conference rooms, kitchen, storage and open...
    show more
    Contact us

    16th 1616 $2 /Mo

    Size
    2,442 SF
    Type
    Office
    SPECTACULAR OCEAN VIEW - 5 offices, conference room, 2 storage rooms, kitchen and...
    show more
    Contact us

    11th 1100 $2 /Mo

    Size
    2,644 SF
    Type
    Office
    SPECTACULAR OCEAN VIEW - 3 window offices, conference room, kitchen and open area.
    Contact us

    11th 1104 $2 /Mo

    Size
    1,876 SF
    Type
    Office
    4 window offices, kitchen, storage room and open area
    Contact us

    10th 1000 $2 /Mo

    Size
    2,958 SF
    Type
    Office
    SPECTACULAR OCEAN VIEW - 5 Window offices, conference room, kitchen and open area
    Contact us

    7th 700 $2 /Mo

    Size
    2,636 SF
    Type
    Office
    4 window offices, conference room, kitchen and open area
    Contact us

    6th 600 $2 /Mo

    Size
    5,513 SF
    Type
    Office
    Open area.
    Contact us

    16th Floor Suite 1618 $2 /Mo

    Size
    1,173 SF
    Type
    Office
    2 window offices, kitchen and open area.
    Contact us

    Floor 10th Suite 1050 $2 /Mo

    Size
    2,491 SF
    Type
    Office
    9 offices, open area, kitchen and reception area
    Contact us

    Floor 9th Suite 910 $2 /Mo

    Size
    686 SF
    Type
    Office
    1 window office, interior office and coffee bar area with sink.
    Contact us
    Show more

    We can help!

    Listing Contact
    Robert Garey

    Listing agent Robert Garey License #CA 01019650

    Listing office Cushman & Wakefield, Long Beach, California

    Listing date Apr 24, 2023

    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 Cushman & Wakefield, Long Beach, California

    HighLights

    • Spectacular panoramic views of the Queen Mary, Rainbow Harbor, and the California Pacific Coastline.
    • Major renovation of the lobby and common areas.
    • Collaborative workspace area with a club room and patio with fire pit.
    • Prime, central location in Long Beach between Los Angeles and Orange County.
    • Long Beach is Southern California’s only waterfront Central Business District.
    • Flexible, inspirational space options.

    Overview

    The 444 W. Ocean Building has been reinvented and reimagined, offering a timeless new take on mid-century style. The building has completed a major renovation to the lobby and common areas and offers flexible, inspirational space options. For tenant convenience and entertainment, a collaborative workspace area has been completed which includes a club room to be used as a lounge or meeting room and a partially enclosed patio with fire pit. The building offers spectacular panoramic views of the historic Queen Mary, the Pike at Rainbow Harbor and the California Pacific coastline. Located in Long Beach, Southern California’s only waterfront central business district, the area offers a thriving, vibrant environment comparable to the financial districts of San Diego and San Francisco. Long Beach’s prime, central location between Los Angeles and Orange County also provides a competitive recruiting edge for firms based in Long Beach.
    Location Intelligence

    Current Use by Public Records

    Mario Castillo Electric Electrical Service The Law Offices of Scott ... Law Firm Law Office of David ... Law Firm Bob Blake & Associates ... Insurance Agency Kraut Criminal & DUI ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm 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
    -118.1976729
    Latitude
    33.7667432

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    FAQs

    What type of property is this?
    Office building - Office building with renovated common areas and panoramic ocean views.
    Where is this office building located?
    The property is located at 444 W Ocean Blvd Long Beach, CA.
    What are key features of this property?
    This property features: Spectacular panoramic views of the Queen Mary, Rainbow Harbor, and the California Pacific Coastline.; Major renovation of the lobby and common areas.; Collaborative workspace area with a club room and patio with fire pit.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Garey
    Real Estate License ID: CA 01019650
    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.

    More about this property
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