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Property profile & analytics
OFF-MARKET Estimated value $6,600,000
Retail space

3002 Main St Santa Monica, CA 90405-5318

4,138 SF 0.14 ac lot Built 2001
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-9277362
Property summary
AI-generated overview

This exceptional 5,000-square-foot creative office space is located in a two-story freestanding building on a prime corner lot in Los Angeles County. The property boasts floor-to-ceiling storefront glass, offering stunning views of Main Street. Its single-tenant occupancy provides flexibility and control. The building's strategic location places it just two blocks from the beach, providing employees and clients with convenient access to recreational opportunities. Furthermore, its proximity to a variety of retailers, eateries, and other amenities ensures a vibrant and convenient work environment. The property includes 10 gated on-site parking spaces, offering secure and convenient parking for tenants and visitors. The building's classification as both retail and office space allows for versatile use and potential for various business types. The entire 5,000 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent and well-located space. This property is ideal for businesses seeking a high-visibility location with ample parking and proximity to the beach and local amenities. The building's design and location make it an attractive option for businesses seeking a modern and convenient workspace. The two-story layout offers flexibility in space configuration to suit diverse business needs.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Construction STEEL FRAME
Total area 4,138 SF
Lot 0.14 ac (6,300 SF)
Zoning code SMCM4*
APN 4288-007-009
UPID US09-9277362
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
Current use
Occupant on record · Public records
  • Official Zag Store (Bike/Boat/Book/etc) Store Arcade & Gaming Center
  • ZAG Entertainment Media Distribution
  • ZAG America, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.49M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.42M
Blend (final) Blend
$6.60M
Owner & transaction history
3002 Main Street Owner LLC · 3 yrs held
3002 Main Street Owner LLC
since 2023
Last sale
$7.0M
7 recorded transactions
2023
$7.0M
2017
$4.0M
2000
Price N/A
1999
Price N/A
1993
$387,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SMCM4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.0M +43.9%
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