Entity Owned Property summary
AI-generated overview
This property is a ground-floor retail space measuring approximately 1,100 square feet, located on Main Street in Santa Monica. It is situated in a central area near established retail and dining businesses, and is positioned to benefit from high daytime pedestrian activity. The space includes signage visibility and provides secure on-site parking. Nearby businesses include Undefeated, Pasjoli, Urth Caffe, Reformation, Heavy Handed, Groundwork Coffee Co, 2nd STREET, and Aviator Nation.
Property profile
Verified
Property type
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1979
Construction
TILT-UP CONCRETE
Total area
11,475 SF
Lot
0.29 ac (12,499 SF)
Zoning code
SMCM2*
APN
4288-002-044
UPID
US09-7886881
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
-
Law Firm
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Law Firm
-
Film Production
-
Theater & Performing Art Venue Music Venue
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.74M
Blend (final)
Blend
$8.82M
Owner & transaction history
since 2024
Last sale
$8.8M
3 recorded transactions
Zoning & alternative use
SMCM2* · Santa Monica, CA
Top alternative use upside
Office building
$13.8M
+58.1%
Industrial (general)
$13.5M
+55.0%
Retail stores
$9.6M
+9.8%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.82M
Value range
$7.94M – $9.70M
±10% around blend
Estimated value / SF
$769 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$7.94M
blend $8.82M
$9.70M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,475 SF
Lot area
0.29 ac
Year built
1979
Stories
1
APN
4288-002-044
Zoning
SMCM2*
Assessed value
$2,645,739
Annual tax
$33,059
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.54M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.8 mi away · 13,331 SF
12.8 mi away · 10,550 SF
12.9 mi away · 12,968 SF
14.4 mi away · 8,478 SF
17.2 mi away · 8,559 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 32 sales
$761
+1%
County 2504 sales
$309
+149%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $769/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+58%
vs current-use indication
Industrial (general)
Retail Stores
Commercial (general) · current use
Restaurant
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
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: replacement-cost inputs are not on file.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
2.60%
Implied, in-place cap rate for this other investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$617k *
Last sale · Sep 2024
$8.82M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$23.75M
Move the market yield to see immediate price impact.
Value / SF
$2,069
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
2.10%2.60%3.10%
$556k
$26.46M
$21.37M
$17.92M
$617k
$29.40M
$23.75M
$19.92M
$679k
$32.34M
$26.12M
$21.91M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$4.20M
9.4 mi · Apr 2026 · $444/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,059
Tax year 2023
Assessed value
$2,645,739
Assessed 2024
Previous assessed
$2,593,862
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,321,011
Assessed improvement
$1,324,728
Applied tax rate
8.0000
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
Other investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
11,475 SF
Lot
0.29 ac (12,499 SF)
Zoning code
SMCM2*
APN
4288-002-044
UPID
US09-7886881
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMCM2* · Santa Monica, CAZoning SMCM2* · permitted uses
SMCM2* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SMCM2*
Jurisdiction
Santa Monica, CA
Recorded code
SMCM2*
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SMCM2* in Santa Monica, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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