Entity Owned Property summary
AI-generated overview
First-floor office space totaling 3,831 square feet is located on Princeton Drive in Venice, California.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Construction
TILT-UP CONCRETE
Total area
11,152 SF
Lot
0.4 ac (17,579 SF)
Zoning code
LAC4(OX)
APN
4229-003-049
UPID
US10-0508548
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Recording Studio
-
Theater & Performing Art Venue Vocational School
-
Factory
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
since 2013
7 recorded transactions
Zoning & alternative use
LAC4(OX) · Marina Del Rey, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 38 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.65M
Value range
$1.48M – $1.81M
±10% around blend
Estimated value / SF
$148 / SF
Confidence
High
38 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$1.48M
blend $1.65M
$1.81M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,152 SF
Lot area
0.4 ac
Year built
1959
Stories
1
APN
4229-003-049
Zoning
LAC4(OX)
Assessed value
$4,446,751
Annual tax
$55,176
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.01M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.17M
@ 6.5% CAP return
$2.01M
@ 7% CAP return
$1.86M
4
Sales comparison
Partial preview
Sales approach indication
$3.56M
Weighted, 20 comps · high confidence
Evidence
38 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.6 mi away · 13,584 SF
8.2 mi away · 14,400 SF
10.2 mi away · 14,320 SF
10.7 mi away · 9,990 SF
11.5 mi away · 13,677 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.65M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 3630 sales
$272
-46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $148/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 38 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.45M
Move the market yield to see immediate price impact.
Value / SF
$399
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$280k
$5.60M
$4.00M
$3.11M
$311k
$6.23M
$4.45M
$3.46M
$342k
$6.85M
$4.89M
$3.80M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
38 found
High confidence · county-verified
Closest comparable
$3.50M
3.4 mi · Dec 2025 · $307/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$55,176
Tax year 2024
Assessed value
$4,446,751
Assessed 2024
Previous assessed
$4,446,751
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$4,086,207
Assessed improvement
$360,544
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,152 SF
Lot
0.4 ac (17,579 SF)
Zoning code
LAC4(OX)
APN
4229-003-049
UPID
US10-0508548
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4(OX) · Marina Del Rey, CAZoning LAC4(OX) · permitted uses
LAC4(OX) · Marina Del Rey, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.4 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAC4(OX)
Jurisdiction
Marina Del Rey, CA
Recorded code
LAC4(OX)
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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