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Property profile & analytics
OFF-MARKET
Estimated value
$5,660,000
Industrial properties
1003 Olympic Blvd Santa Monica, CA 90404-3717
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7892315
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
2006
Construction
WOOD
Total area
9,000 SF
Lot
0.21 ac (9,059 SF)
Zoning code
SMM1*
APN
4283-005-013
UPID
US09-7892315
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alveno Image Image Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.66M
Owner & transaction history
1003 Olympic LLC · 2 yrs held
1003 Olympic LLC
since 2023
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
SMM1* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.9M
+14.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Monica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Monica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,435,000
ML approach
$5,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
LUMBERYARD, BUILDING MATERIALS
$5,995,000
Current use
COMMERCIAL (GENERAL)
$6,850,000
Change: +14% · Conversion: Difficult
RESTAURANT
$5,860,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,475,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$5.66M
Range $5.09M – $6.23M · ±10% · vs last sale $5.96M (Nov 17 2023)
Last sale anchor
$5.96M
Nov 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$629 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$70,609
Tax year 2024
Assessed value
$5,957,000
Assessed 2024
Previous assessed
$5,957,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,957,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
9,000 SF
Lot
0.21 ac (9,059 SF)
Zoning code
SMM1*
APN
4283-005-013
UPID
US09-7892315
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMM1* · Santa Monica, CA
Zoning SMM1* · permitted uses
SMM1* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Monica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
LUMBERYARD, BUILDING MATERIALS Current
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$6.9M
RESTAURANT
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
LUMBERYARD, BUILDING MATERIALS Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
1003 Olympic LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7950 LEGACY DR STE #500, PLANO, TX 75024-4163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
1003 Olympic LLC
Aio Evg Operating LLC
Ground Lease
related
—
Nov 17, 2023
$5,957,000
Aio Evg Operating LLC
1003 Olympic LLC
Grant Deed
—
Aug 30, 2022
$10,375,000
1003 Olympic LLC
Sugarloap LLC
Grant Deed
—
Aug 8, 2018
—
Rabis & Ridder Trust
Rabis,richard A
Quit Claim Deed
—
May 22, 2015
—
Richard A Rabis
Zombek Dorothy
Affidavit Of Death
—
Sep 13, 2011
—
Sugarloaf LLC
Zombek,roger A
Quit Claim Deed
related
—
Aug 25, 2011
—
Roger A Zombek
Northern Trust NA
Quit Claim Deed
related
—
Mar 29, 2011
—
Sugarloaf LLC
Zombek,roger A
Quit Claim Deed
related
—
Mar 4, 2011
—
Roger A Zombek
Zombek R & J Family Trust
Quit Claim Deed
related
—
Jun 10, 2009
—
Zombek R & J Family Trust
Zombek,roger A
Quit Claim Deed
related
—
Jul 24, 1997
—
Zombex Walter
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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