Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    407 Colorado Ave Santa Monica, CA 90401

    • Retail properties
    • 4,707 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Saba Jahanian - BancWest Investment Services Wealth Financial Advisor / Financial Advisor

    Property Details for 407 Colorado Ave

    Property size
    4,707 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional retail opportunity is located at 407 Colorado Avenue in Santa Monica, California, 90401. The property boasts a total of 4,707 square feet, currently entirely vacant and available for lease. Multiple tenancy options exist, with spaces ranging from a minimum of 986 square feet to a maximum contiguous space of 3,721 square feet. The building offers excellent visibility and accessibility, situated on the corner of Colorado Avenue and 4th Street. This prime location offers unparalleled exposure, directly across from the bustling Santa Monica Place shopping center and the convenient Metro station. Furthermore, the property is within easy walking distance of the renowned Third Street Promenade and the iconic Santa Monica Pier, ensuring high foot traffic and a vibrant customer base. Ample parking is provided with 18 spaces available for tenants and customers. This property is ideal for a variety of retail or restaurant uses, presenting a unique chance to establish a thriving business in one of Southern California's most desirable locations. Los Angeles County zoning regulations apply. The property is classified as Commercial, with a Retail/Restaurant property type.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.492
    Latitude
    34.0141

    Comparable in this City

    • Value Estimation by Request
      2,350 SF

      Santa Monica Blvd

      Restaurants • 2,350 SF
      0 Santa Monica Blvd, Santa Monica, CA 90401
      View Details
    • Value Estimation by Request
      7,500 SF

      1450 2Nd St

      Restaurants • 7,500 SF
      1450 2Nd St, Santa Monica, CA 90401
      View Details
    • Value Estimation by Request
      52,954 SF

      525 Santa Monica Blvd

      Restaurants • 52,954 SF
      525 Santa Monica Blvd, Santa Monica, CA 90401
      View Details
    • Value Estimation by Request
      2,016 SF

      119-121 Broadway

      Restaurants • 2,016 SF
      119-121 Broadway, Santa Monica, CA 90401
      View Details
    • Value Estimation by Request
      1,117 SF

      926 Wilshire Blvd

      Retail properties • 1,117 SF
      926 Wilshire Blvd, Santa Monica, CA 90401
      View Details
    • Value Estimation by Request
      1,252 SF

      510 Wilshire Blvd

      Retail properties • 1,252 SF
      510 Wilshire Blvd, Santa Monica, CA 90401
      View Details

    Similar Nearby for Sale

    • $4,500,000
      3,810 SF

      Santa Monica Retail Investment

      Beachfront Retail, High ROI
      35 Arcadia Ter, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      10,000 SF

      Santa Monica Boulevard Mixed-Use Property

      Mixed-use property suitable for retail, office, hospitality, or housing.
      518 Santa Monica Blvd, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      50,000 SF

      Santa Monica Retail/Office Space

      Retail/office space near 3rd Street Promenade with ample parking.
      620 Santa Monica Blvd, Santa Monica, CA 90401
      View Details
    • Contact for pricing

      Santa Monica Retail Investment Opportunity

      Single tenant West Elm property in prime Santa Monica location.
      1427 4Th St, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      59,475 SF

      Prime Santa Monica Commercial Space

      2,014 SF commercial space near Third Street Promenade.
      1234 6Th St, Santa Monica, CA 90401
      View Details
    • $3,200,000

      Santa Monica Income Property

      Duplex and fourplex on two parcels with ADU potential.
      1511 12Th St, Santa Monica, CA 90401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,000 SF

      Prime Santa Monica Retail Space

      54,000 SF, Multiple Units Available
      500 Broadway, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      52,954 SF

      Santa Monica Blvd Retail Space

      Prime Santa Monica retail space, 2,250 sq ft available.
      525 Santa Monica Blvd, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      5,474 SF

      Santa Monica Restaurant Space Available

      Restaurant space with mezzanine for rent in Santa Monica.
      1026-1030 Wilshire Blvd, Santa Monica, CA 90401
      View Details
    • Contact for pricing
      4,707 SF

      Prime Santa Monica Retail Space

      High-traffic retail space, multiple units available.
      407 Colorado Ave, Santa Monica, CA 90401
      View Details
    • Contact for pricing

      Restaurant and Retail Space Available

      Second generation restaurant and retail space with convenient access.
      720 Wilshire Blvd, Santa Monica, CA 90401
      View Details
    • $59 SF/Yr
      1,252 SF

      Santa Monica Retail Space Available

      High-traffic location, 1,252 sq ft.
      510 Wilshire Blvd, Santa Monica, CA 90401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    407 Colorado Ave
    Santa Monica, CA 90401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.