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    1450 Cloverfield Santa Monica, CA 90404 Santa Monica, CA 90404

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    1450 Cloverfield Santa Monica, CA 90404 Santa Monica, CA 90404

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1450 Cloverfield Santa Monica, CA 90404

    Property type
    Retail properties & Spaces
    Property subtype
    Retail residential properties

    Description

    End Cap & In-Line Restaurant & Retail Space with Patio Seating High-Quality Finishes with 13'–15'+ Ceiling Heights Secure On-Site Parking Spaces Exclusively for Retail Tenants Walker’s Paradise (Walk Score 92) High-Impact Branding Opportunity with 35,000+ Daily Drivers on Broadway/Cloverfield Rare Retail Opportunity in Luxury Residential Complexes (50 Units Total) Daytime Population of 216,442 Within 3 Miles

    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
    State
    California
    Longitude
    -118.5
    Latitude
    34.02

    Comparable in this City

    • Value Estimation by Request
      16,272 SF

      2948 Colorado Ave

      Distribution properties • 16,272 SF
      2948 Colorado Ave, Santa Monica, CA 90404
      View Details
    • Value Estimation by Request
      27,527 SF

      1601 Lincoln Blvd

      Individual retail properties • 27,527 SF
      1601 Lincoln Blvd, Santa Monica, CA 90404
      View Details
    • Value Estimation
      $2,205,000
      10,049 SF

      1836 Lincoln Blvd

      STORE/OFFICE (MIXED USE) • 10,049 SF
      1836 Lincoln Blvd, Santa Monica, CA 90404-4506
      View Details
    • Value Estimation
      $3,295,000
      15,194 SF

      2301 Santa Monica Blvd

      STORE/OFFICE (MIXED USE) • 15,194 SF
      2301 Santa Monica Blvd, Santa Monica, CA 90404-2040
      View Details
    • Value Estimation by Request
      28,220 SF

      2121 Cloverfield Blvd

      STORE/OFFICE (MIXED USE) • 28,220 SF
      2121 Cloverfield Blvd, Santa Monica, CA 90404-5226
      View Details
    • Value Estimation
      $735,000
      3,230 SF

      1938 14th St

      STORE/OFFICE (MIXED USE) • 3,230 SF
      1938 14th St, Santa Monica, CA 90404-4653
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,012 SF

      Retail Building on Lincoln Blvd

      Retail building available for sale in Santa Monica, CA.
      1804 Lincoln Blvd, Santa Monica, CA 90404
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    • Contact for pricing

      Iconic Santa Monica Corner Parcel

      High-profile corner location with significant exposure and unlimited potential.
      1670 Lincoln Blvd, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      5,012 SF

      Santa Monica Vacant Building Opportunity

      Vacant 5,012 SF building on 6,982 SF land for sale.
      1804 Lincoln Blvd, Santa Monica, CA 90404
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    • Contact for pricing
      5,570 SF

      Light Industrial/Office Building For Sale

      Light industrial/office building with investment or owner-user potential.
      1548-1550 18Th St, Santa Monica, CA 90404
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    • Contact for pricing

      Santa Monica Multifamily Investment Opportunity

      Well-located 6-unit multifamily property near the beach.
      1813 9Th St, Santa Monica, CA 90404
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    • $3,200,000
      5,536 SF

      Santa Monica Multifamily Investment Opportunity

      8-unit apartment building with upgrade potential in Santa Monica.
      1233 14Th St, Santa Monica, CA 90404
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    Similar Nearby for Lease

    • Contact for pricing

      Santa Monica's Water Garden Office

      Live/work space near Santa Monica Pier and Pacific Ocean.
      2425 Olympic Blvd, Santa Monica, CA 90404
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    • Contact for pricing

      Santa Monica's Water Garden

      Live-work space near Santa Monica Pier and Pacific Ocean.
      1601 Cloverfield Blvd, Santa Monica, CA 90404
      View Details
    • Contact for pricing

      Creative Office Space For Lease

      Creative office, live/work, or mixed-use space available for lease.
      1347 19Th St, Santa Monica, CA 90404
      View Details
    • $3 SF/Yr
      1,435 SF

      Retail Space on Colorado Avenue

      Retail space available for rent on Colorado Avenue.
      2912 Colorado Ave, Santa Monica, CA 90404
      View Details
    • Contact for pricing
      3,990 SF

      Santa Monica Retail/Gym Space

      Retail building with large open area, ideal for retail/gym.
      3201 Santa Monica Blvd, Santa Monica, CA 90404
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    • Contact for pricing
      1,717 SF

      Santa Monica Retail Space Available

      Ground floor retail space available in Santa Monica, California.
      2822-2828 Santa Monica Blvd, Santa Monica, CA 90404
      View Details
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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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    1450 Cloverfield Santa Monica, CA 90404, Santa Monica, CA, 90404

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