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Property profile & analytics
OFF-MARKET
Gas stations
2005 Lincoln Blvd Santa Monica, CA 90405
Entity Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6868397
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1975
Total area
54 SF
Lot
0.15 ac (6,563 SF)
Zoning code
LAC2
APN
4241-030-029
UPID
US09-6868397
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Proper Investments Ltd · 24 yrs held
Proper Investments Ltd
since 2001
6 recorded transactions
Zoning & alternative use
LAC2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,583
Tax year 2024
Assessed value
$687,941
Assessed 2024
Previous assessed
$687,941
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$579,328
Assessed improvement
$108,613
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
54 SF
Lot
0.15 ac (6,563 SF)
Zoning code
LAC2
APN
4241-030-029
UPID
US09-6868397
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Santa Monica, CA
Zoning LAC2 · permitted uses
LAC2 · 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.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Proper Investments Ltd
Entity
Mailing address
818 14TH ST APT #2, SANTA MONICA, CA 90403-1744
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2001
—
Proper Investments Ltd
Apro LLC
Grant Deed
$525,000 · Apro LLC
Dec 28, 2000
$433,000
David P Laverdiere
Eichorn Trust
Grant Deed
$389,500 · Us Bank NA
Jul 12, 1999
$600,000
Apro LLC
Roth Retail Property Holding
Grant Deed
—
Dec 11, 1998
—
Retail Prop Holding Roth
Roth,b B & F
Quit Claim Deed
related
—
—
—
Proper Investments Ltd
—
Deed Of Trust
related
$1,000,000 · L&s Investments Gp
—
—
Proper Investments Ltd
—
Deed Of Trust
related
$238,686 · Apro LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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