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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Outlet malls
3009 Lincoln Blvd, Santa Monica, CA 90405-5734
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0291049
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1970
Construction
WOOD
Total area
3,405 SF
Lot
0.19 ac (8,288 SF)
Zoning code
SMC4*
APN
4285-029-030
UPID
US10-0291049
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
-
Lou’s smoke shop (Bike/Boat/Book/etc) Store
-
The Space Theater & Performing Art Venue Training Center
-
The Class by Taryn Toomey : LA Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
3009 Lincoln Blvd LLC · 4 yrs held
3009 Lincoln Blvd LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
SMC4* · Santa Monica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+43.9%
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
$2,490,000
ML approach
$2,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,845,000
Current use
OFFICE BUILDING
$4,095,000
Change: +44% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,590,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.63M
Range $2.36M – $2.89M · ±10% · vs last sale $2.75M (Jul 21 2021)
Last sale anchor
$2.75M
Jul 21 2021
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
$771 / 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
$35,115
Tax year 2024
Assessed value
$2,918,322
Assessed 2024
Previous assessed
$2,918,322
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,387,718
Assessed improvement
$530,604
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
3,405 SF
Lot
0.19 ac (8,288 SF)
Zoning code
SMC4*
APN
4285-029-030
UPID
US10-0291049
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC4* · Santa Monica, CA
Zoning SMC4* · permitted uses
SMC4* · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
3009 Lincoln Blvd LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7982 W SUNSET BLVD, LOS ANGELES, CA 90046-3307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
—
3009 Lincoln Blvd LLC
Oc Smoke INC
Intrafamily Transfer
related
—
Feb 19, 2021
$2,750,000
Oc Smoke INC
Robert Shiell
Grant Deed
$950,000 · Commonwealth Business Bank
Dec 15, 2015
—
Shiell,robert Trust
Shiell Seymour Trust
Quit Claim Deed
related
—
Jun 26, 2015
—
Robert Shiell
Shiell Robert
Quit Claim Deed
related
—
Aug 31, 2011
—
Shiell Family Trust
Shiell Family Trust
Quit Claim Deed
related
—
Dec 13, 2010
—
Robert Shiell
Shiell California LP
Quit Claim Deed
related
—
Aug 26, 2010
—
Robert Shiell
Shiell California LP
Quit Claim Deed
—
Jan 20, 2004
—
Shiell California LP
Shiell,tr
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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