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    Property profile & analytics

    2811 Wilshire Blvd Santa Monica, CA 90403

    • Office buildings
    • 103,143 SF
    • 0.95 lot acres
    For Lease
    View listing
    $71 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6998524
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bradley A. Jabour, MD / Radiologist / Medical Diagnostic Imaging Center
    • Santa Monica Periodontics & Implant Surgery / Cosmetic Dentist / Dental Implants Periodontist
    • Schuster and Ochoco Dental / Dentist
    • Michael J Brand DDS / Cosmetic Dentist / Dental Hygienist
    • Brian C. Alessini, DDS, SM Dental Center / Dentist / Cosmetic Dentist

    Property Details for 2811 Wilshire Blvd

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.95 lot acres
    Property size
    103,143 SF
    Zone code
    SMC6*
    Property type
    Office buildings
    APN
    4266-009-060
    APU
    4266009060

    Description

    This exceptional medical office building, Wilshire Tower, located at 2811 Wilshire Blvd in Santa Monica, CA 90403, offers a total of 5,580 square feet of space. Currently, the entire building is vacant and available for lease. The property is categorized as a multi-tenant building, perfect for a variety of medical practices or related businesses. Individual suites range from a minimum of 1,412 square feet to a maximum contiguous space of 2,235 square feet, providing flexibility for different needs. The building's location in Los Angeles County offers excellent visibility and accessibility, making it an ideal location for attracting patients and clients. This is a rare opportunity to secure a prominent medical office space in the highly desirable Santa Monica market. The property is ready for immediate occupancy, allowing for a quick and efficient start to your business operations. Interested parties are encouraged to inquire about lease terms and availability. The building's address is easily accessible and situated in a vibrant and thriving commercial area. This presents a unique chance to establish or expand your medical practice in a prime location.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Santa Monica
    County
    Los Angeles
    State
    California
    Longitude
    -118.475
    Latitude
    34.0381
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $348,252
    $11,523,011
    $17,727,712
    $29,250,723
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,762 SF

      2421 Wilshire Blvd

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,762 SF
      2421 Wilshire Blvd, Santa Monica, CA 90403-5805
      View Details
    • Value Estimation by Request
      416 SF

      1723 Wilshire Blvd

      OFFICE BUILDING • 416 SF
      1723 Wilshire Blvd, Santa Monica, CA 90403-5509
      View Details
    • Value Estimation by Request
      6,000 SF

      1150 18th St

      PROFESSIONAL BUILDING • 6,000 SF
      1150 18th St, Santa Monica, CA 90403-5662
      View Details
    • Value Estimation by Request
      2,736 SF

      1620 Montana Ave

      OFFICE BUILDING • 2,736 SF
      1620 Montana Ave, Santa Monica, CA 90403-1887
      View Details
    • Value Estimation by Request
      106,813 SF

      2001 Wilshire Blvd

      OFFICE BUILDING (MULTI-STORY) • 106,813 SF
      2001 Wilshire Blvd, Santa Monica, CA 90403-5641
      View Details
    • Value Estimation by Request
      5,673 SF

      901 Montana Ave

      OFFICE BUILDING • 5,673 SF
      901 Montana Ave, Santa Monica, CA 90403-1544
      View Details

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    • $71 SF/Yr
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      Santa Monica Medical Office Space

      Prime Medical Office Suites Available in Santa Monica
      2811 Wilshire Blvd, Santa Monica, CA 90403
      View Details
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    Santa Monica, CA 90403
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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.

    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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