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    9701 Santa Monica Blvd Beverly Hills, CA 90210

    Sponsored
    For Lease
    $119 SF/Yr ($10,935 /Mo)

    Prime 1,099 SF Retail Space

    Lot size:
    1,099 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 1,099 square foot retail space is ideally situated at 9701 Santa Monica Boulevard in the prestigious Beverly Hills, California, 90210 zip code. Located in Los Angeles County, this single-tenant property presents a unique opportunity for a discerning business owner. The entire space is currently vacant, offering immediate occupancy for a new tenant. The property's corner location provides excellent visibility and accessibility, ensuring high foot traffic and brand exposure. The building's total square footage mirrors the vacant space, indicating a completely available unit ready for immediate customization and build-out to suit the tenant's specific needs. This prime location in Beverly Hills offers unparalleled access to a high-end clientele and a vibrant commercial environment. The property's address is 9701 S Santa Monica Blvd, Beverly Hills, CA 90210, with coordinates 34.0685824 latitude and -118.4075817 longitude. This is a rare opportunity to establish a business in one of the most sought-after locations in Southern California. The property is classified as commercial retail and is perfect for a variety of businesses seeking a high-profile location. The property type is retail, with a single tenancy. Serious inquiries are encouraged to explore this exceptional opportunity.

    Property Features for 9701 Santa Monica Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,099 SF
    Total Rate
    10935.05

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,099 SF
    Rate per SF
    $119

    HighLights

    • Prime Beverly Hills corner retail space (1,099 SF) available for lease at 9701 Santa Monica Blvd, 90210.
    • Adjacent to the newly relocated Beverly Hills Cheese Store, driving significant foot traffic.
    • Benefits from high traffic volume generated by neighboring businesses and nearby medical offices.
    • Owner will consider conversion for quick‑serve food use.
    • Features approximately 1,593 SF of ground floor space and approximately 506 SF of mezzanine space.
    Property Profile Location Intelligence

    Current Use by Public Records

    DJ0 Threads Men'S Clothing Store DJ0 Clothing Store

    Suggested Use

    Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Auto Repair Shop Kitchen & Bath

    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
    -118.4075817
    Latitude
    34.0685824

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    FAQs

    What type of property is this?
    Retail property - Prime 1,099 SF Retail Space
    Where is this retail property located?
    The property is located at 9701 Santa Monica Blvd Beverly Hills, CA.
    What is the lease rate?
    The lease rate is $119 SF/Yr.
    What are key features of this property?
    This property features: Prime Beverly Hills corner retail space (1,099 SF) available for lease at 9701 Santa Monica Blvd, 90210.; Adjacent to the newly relocated Beverly Hills Cheese Store, driving significant foot traffic.; Benefits from high traffic volume generated by neighboring businesses and nearby medical offices.
    Request Owner's contact information
    9701 Santa Monica Blvd Beverly Hills, CA 90210
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    Beverly Hills, CA 90210
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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
    9701 Santa Monica Blvd Beverly Hills, CA 90210
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