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Property profile & analytics
OFF-MARKET
Estimated value
$6,500,000
Retail space
1222 3rd St Promenade Santa Monica, CA 90401-1308
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6883677
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
TILT-UP CONCRETE
Total area
15,000 SF
Lot
0.17 ac (7,507 SF)
Zoning code
SMBSC1*
APN
4291-002-004
UPID
US09-6883677
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.50M
CAP Approach
CAP
$5.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.50M
Owner & transaction history
Xyz Now LLC · 2 yrs held
Xyz Now LLC
since 2024
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
SMBSC1* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$6,500,000
ML approach
$6,500,000
CAP Approach
CAP Return
Estimation
6%
$5,530,000
6.5%
$5,105,000
7%
$4,740,000
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $6.50M (Jun 6 2024)
Last sale anchor
$6.50M
Jun 6 2024
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
$433 / 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
$89,360
Tax year 2024
Assessed value
$6,267,340
Assessed 2024
Previous assessed
$6,267,340
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$2,538,870
Assessed improvement
$3,728,470
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
15,000 SF
Lot
0.17 ac (7,507 SF)
Zoning code
SMBSC1*
APN
4291-002-004
UPID
US09-6883677
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMBSC1* · Santa Monica, CAZoning SMBSC1* · permitted uses
SMBSC1* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Xyz Now LLC
Entity
Mailing address
2800 OLYMPIC BIVD # 1ST FL #1, SANTA MONICA, CA 90404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2026
—
Xyz Now LLC
—
Deed
related
$30,000,000 · Bank Of Amierca NA
Jun 6, 2024
$6,500,000
Xyz Now LLC
Street Retail West 3 LP
Grant Deed
$17,625,000 · Royal Bank Of Canada
Mar 31, 1997
—
Retail W 3 Street
Jermag,gen Ptnrshp
Grant Deed
related
—
May 9, 1989
$161,000
Jermag Gen
Lonsd
Trustees Deed
—
May 9, 1989
$930,000
Jermag Gen
Feins
Trustees Deed
—
May 9, 1989
$80,500
Jermag Gen
Willi
Trustees Deed
—
May 9, 1989
$1,010,500
Jermag Gen
Rikal Ent
Trustees Deed
$1,400,000 · Glendale Federal Bank
May 9, 1989
$19,000
Jermag Gen
Theil
Trustees Deed
—
May 9, 1989
—
James D Williams
Willi
Quit Claim Deed
related
—
May 9, 1989
$664,500
Rikal Ent
Moore
Trustees Deed
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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