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    185 Pier Ave Santa Monica, CA 90405

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    For Lease
    Contact for pricing

    Charming Historic Office Spaces, Prime Location

    Lot size:
    833 SF

    Property Features for 185 Pier Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    833 SF

    Spaces For Lease

    at 185 Pier Ave, Santa Monica, CA 90405 Contact us
    Unit 26-28

    $63 /Mo

    Size
    225 SF
    Contact us
    Unit 1

    $7,800 /Mo

    Size
    125 SF
    Contact us
    Unit Cupola Tower Suite

    $42 /Mo

    Size
    483 SF
    Contact us

    We can help!

    Listing Contact
    George Gross
    George Gross

    Listing Agency: Coldwell Banker Commercial NRT Santa Monica Listing Agent: George Gross

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Discover The Parkhurst Building, a captivating 1927 landmark listed on the National Register of Historic Places. This exceptional commercial property, situated on the corner of Pier Avenue and Main Street above Aviator Nation, offers three unique office suites ranging from 125 to 483 square feet. Ideal for businesses seeking a blend of vintage charm and modern functionality, each suite boasts original hardwood floors and abundant natural light streaming from skylights. The building's architectural details, including a stunning cupola tower, create an inspiring and creative work environment. The Parkhurst Building is part of a vibrant commercial district, sharing a block with a diverse mix of established businesses such as The Black Tux, Reformation, Knix, Mystic Journey Books, Vamos Vamos, Library Alehouse, Starbucks, Triple Beam Pizza, Heavy Handed Burgers, and Bike Attack. This prime location offers excellent visibility and accessibility. The multiple tenancy structure provides flexibility for various business needs. This is an unparalleled opportunity to secure a prestigious office space in a historically significant building within a thriving Los Angeles County community. Contact us today to learn more about leasing opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Voltage Search Media Marketing & Advertising Therapy For New Moms Psychotherapist Sigrid Jensen Marriage Or Relationship Counselor Jessa Sherman Ma, ... Psychotherapist Jennifer Ollestad Marriage Or Relationship Counselor

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.4804201
    Latitude
    33.9985513

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    FAQs

    What type of property is this?
    Land - Charming Historic Office Spaces, Prime Location
    Where is this land located?
    The property is located at 185 Pier Ave Santa Monica, CA.
    What is the lease rate?
    The lease rate is $42-$7,800 SF/Yr.
    What are key features of this property?
    This property features: Office and land property in Los Angeles County.; Three available commercial suites ranging from 125 to 483 square feet.; Located at the corner of Pier Avenue and Main Street, above Aviator Nation, in a vibrant retail area.
    (310) 666-2970 Call to check price and availability
    Request Owner's contact information
    185 Pier Ave Santa Monica, CA 90405
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    Santa Monica, CA 90405
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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
    185 Pier Ave Santa Monica, CA 90405
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    Contact for Pricing
    Please call us for current price
    and status of this listing George Gross
    George Gross
    Real Estate License ID: 01342211
    (310) 666-2970
    Learn more
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