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    29178 Heathercliff Rd Malibu, CA 90265-4177
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    Property profile & analytics

    29178 Heathercliff Rd, Malibu, CA 90265-4177

    View on Map
    • Office buildings
    • 6,484 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Apr 2, 2025
    $2,027,500
    Property ID
    US09-6936527
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kathy Ellis Malibu Real Estate / Real Estate Agency
    • Living the Dream Malibu / Real Estate Agency
    • Susan Monus / Real Estate Agency
    • Coldwell Banker Realty - Malibu - Cortazzo / Real Estate Agency
    • Samantha Binah, Coldwell Banker Realty Malibu West / Real Estate Agency

    Property Details for 29178 Heathercliff Rd

    Year built
    1986
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Zone code
    LCC2YY
    Property type
    Office buildings
    APN
    4466-021-004
    APU
    4466021004

    Description

    This exceptional two-story, 6,484 square foot executive office building, designed by renowned architect Ed Niles, presents a unique leasing opportunity. Located on Heathercliff Road in Los Angeles County, this multi-tenant property offers 1,400 square feet of immediately available space. The building boasts high ceilings and floor-to-ceiling windows, ensuring abundant natural light throughout. Enjoy a private patio area surrounded by lush greenery, providing a tranquil work environment. Ample surface parking is available with 22 spaces. The property sits on a 0.34-acre lot (approximately 14,919 square feet) and is zoned LCC2YY. Its convenient location offers easy access to the Pacific Coast Highway, less than five minutes from beaches, and within walking distance of various retail and restaurant amenities. Built in 1986, this well-maintained building provides a sophisticated and productive workspace. The APN is 4466-021-004. This is an ideal location for businesses seeking a prestigious and convenient office space in a desirable coastal setting. The available space is perfect for a variety of executive office needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,520,000
      6.5%
      $2,325,000
      7%
      $2,160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,552,000
      Market price range: $1.55M - $4.80M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,910,000
      Current use
      AUTO REPAIR, GARAGE
      $3,000,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $2,945,000
      Change: +1% Conversion: Easy
      RETAIL STORES
      $2,485,000
      Change: -15% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Malibu
    County
    Los Angeles
    State
    California
    Longitude
    -118.809
    Latitude
    34.0207
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,756
    $158,530
    $963,546
    $1,122,076
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      3,900 SF

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    • Value Estimation
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      480 SF

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    • Value Estimation
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      40,528 SF

      23805 Stuart Rnch Rd

      PROFESSIONAL BUILDING
      23805 Stuart Rnch Rd, Malibu, CA 90265-4856
      View Details
    • Value Estimation
      $2,090,000
      9,271 SF

      24903 Pacific Coast Hwy

      OFFICE BUILDING (MULTI-STORY)
      24903 Pacific Coast Hwy, Malibu, CA 90265-4734
      View Details
    • Value Estimation
      $2,250,000
      13,167 SF

      29350 Pacific Coast Hwy

      OFFICE BUILDING
      29350 Pacific Coast Hwy, Malibu, CA 90265-3957
      View Details
    • Value Estimation
      $3,535,000
      16,220 SF

      22741 Pacific Coast Hwy

      OFFICE BUILDING
      22741 Pacific Coast Hwy, Malibu, CA 90265-5878
      View Details

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      1,784 SF

      Creative Office Space in Malibu

      Creative office space available for rent in Malibu, CA.
      29160 Heathercliff Rd, Malibu, CA 90265
      View Details
    • Contact for pricing
      1,483 SF

      Retail/Office Space in Malibu

      Ground floor retail/office space with prominent signage and parking.
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      Retail Space on Pacific Coast

      Retail or office space available for rent in Malibu.
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      Office Space in Malibu

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    Malibu, CA 90265-4177
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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