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    6167 Bristol Pkwy Culver City, CA 90230

    Sponsored
    For Lease
    $3 SF/Yr

    Prime Culver City location, flexible suites available.

    Lot size:
    92,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional four-story, 92,000 square foot office building, located at 6167 Bristol Parkway in Culver City, California (zip code 90230), offers a variety of executive and medical office suites. The property boasts a highly visible location in the heart of Culver Pointe, with unobstructed views of the Santa Monica Mountains and West Los Angeles. Multiple tenancy options are available, with spaces ranging from a minimum of 1,445 square feet to a maximum contiguous space of 13,245 square feet

    Property Features for 6167 Bristol Pkwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    92,000 SF
    Total Rate
    24916.67

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Suite 140
    Size
    2,413 SF
    Rate per SF
    $39
    Space
    Suite 210 and 270
    Size
    10,439 SF
    Rate per SF
    $39
    Space
    Suites 325, 330, 350 & 390
    Size
    13,245 SF
    Rate per SF
    $39
    Space
    Suite 400 & 425
    Size
    7,475 SF
    Rate per SF
    $3
    Space
    Suite 210
    Size
    8,710 SF
    Rate per SF
    $39
    Space
    Suite 270
    Size
    1,729 SF
    Rate per SF
    $39
    Space
    Suite 325
    Size
    1,956 SF
    Rate per SF
    $39
    Space
    Suite 330
    Size
    6,075 SF
    Rate per SF
    $39
    Space
    Suite 350
    Size
    1,566 SF
    Rate per SF
    $39
    Space
    Suite 390
    Size
    3,648 SF
    Rate per SF
    $39
    Space
    Suite 425
    Size
    1,445 SF
    Rate per SF
    $39
    Space
    Suite 400
    Size
    6,030 SF
    Rate per SF
    $3

    We can help!

    Listing Contact
    Brian Niehaus
    Brian Niehaus

    Learn more

    Property Insight Report

    HighLights

    • 92,000 SF total building area.
    • Medical and office space available, including new spec suites.
    • Office rent: $3.25/RSF, full‑service gross; Medical rent: Contact for pricing.
    • 3.5 parking spaces per 1,000 square feet.
    • Unreserved parking: $100/month.
    • Reserved parking: $125/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Culver City
    County
    Los Angeles
    State
    California
    Longitude
    -118.3908468
    Latitude
    33.9850042

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    FAQs

    What type of property is this?
    Medical office - Prime Culver City location, flexible suites available.
    Where is this medical office located?
    The property is located at 6167 Bristol Pkwy Culver City, CA.
    What is the lease rate?
    The lease rate is $3-$39 SF/Yr.
    What are key features of this property?
    This property features: 92,000 SF total building area.; Medical and office space available, including new spec suites.; Office rent: $3.25/RSF, full-service gross; Medical rent: Contact for pricing.
    Request Owner's contact information
    6167 Bristol Pkwy Culver City, CA 90230
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    Culver City, CA 90230
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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
    6167 Bristol Pkwy Culver City, CA 90230
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    We can help!
    Listing Contact
    Brian Niehaus
    Brian Niehaus
    Real Estate License ID: 01836528
    Learn more
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