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Property profile & analytics
OFF-MARKET
Estimated value
$11,810,000
Manufacturing properties
3122 Nebraska Ave Santa Monica, CA 90404-4212
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6915908
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Construction
TILT-UP CONCRETE
Total area
18,308 SF
Lot
0.46 ac (20,010 SF)
Zoning code
SMLMSD*
APN
4268-011-004
UPID
US09-6915908
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
-
Brighton Maintenance Film Production
-
Sign Dreamers of Waco Party Supply Store Rental Equipment Company
-
Botanic Tonics LLC Big Box & Wholesale Store Distribution Center
-
Pioneer Magnetics, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.81M
Owner & transaction history
Civicap 3122 Nebraska LLC
Civicap 3122 Nebraska LLC
since 2025
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
SMLMSD* · 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
Method
Estimation
Statistic approach
$14,120,000
ML approach
$10,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$19,315,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$11.81M
Range $10.63M – $12.99M · ±10% · vs last sale $11.50M (Jun 17 2025)
Last sale anchor
$11.50M
Jun 17 2025
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
$645 / 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
$155,628
Tax year 2024
Assessed value
$13,199,341
Assessed 2024
Previous assessed
$13,199,341
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$11,794,222
Assessed improvement
$1,405,119
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
18,308 SF
Lot
0.46 ac (20,010 SF)
Zoning code
SMLMSD*
APN
4268-011-004
UPID
US09-6915908
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMLMSD* · Santa Monica, CA
Zoning SMLMSD* · permitted uses
SMLMSD* · 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
Est. value
$19.3M
RETAIL STORES
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Civicap 3122 Nebraska LLC
Entity
Mailing address
2341 MICHIGAN AVE, SANTA MONICA, CA 90404-3907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2025
$11,500,000
Civicap 3122 Nebraska LLC
3122 Nebraska Owner LLC
Grant Deed
$25,000,000 · Northeast Bank
Apr 9, 2024
—
3122 Nebraska Owner LLC
—
Deed
related
$13,000,000 · Lone Oak Fund LLC
Oct 4, 2018
—
B,allen Trust
Rosenstein,allen B
Affidavit Of Death
—
Dec 11, 2009
$415,000
Lisa R Miller
Pioneer Magnetics INC
Grant Deed
—
Nov 8, 2000
—
Sosin,michael A Trustee
Sosin,m A
Quit Claim Deed
related
—
Jul 25, 2000
—
Rosenstein Nebraska Co
Asimow,robert
Grant Deed
related
—
Aug 20, 1999
—
Gindoff,sol & Lydia Trustees
Gindoff,s & L
Quit Claim Deed
related
—
Jul 26, 1999
—
Robert Asimow
Asimow R Trustee,
Quit Claim Deed
related
—
Oct 8, 1992
$135,000
Rosenstein Nebraska Co
Rosenstein,allen
Grant 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.
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