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Property profile & analytics
OFF-MARKET
Estimated value
$31,160,000
Retail properties & Spaces
315 Colorado Ave Santa Monica, CA 90401-2366
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-0312335
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1980
Construction
CONCRETE
Total area
150,452 SF
Lot
1.23 ac (53,778 SF)
Zoning code
SMC3C*
APN
4291-026-023
UPID
US10-0312335
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
-
Estee Lauder Cosmetic Store
-
Santa Monica Carpet Cleaners Carpet Cleaning Service
-
Greetings From Santa Monica Resort
-
Santa Monica WorkPlace Shopping Center & Mall
-
Greetings from Santa Monica Mural Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.16M
Owner & transaction history
Fitness International LLC · 3 yrs held
Fitness International LLC
since 2023
7 recorded transactions
Zoning & alternative use
SMC3C* · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$39,390,000
6.5%
$36,360,000
7%
$33,760,000
Blend value · Realmo final
$31.16M
Range $28.04M – $34.28M · ±10%
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
$207 / 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
$539,598
Tax year 2024
Assessed value
$36,741,724
Assessed 2024
Previous assessed
$36,741,724
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$11,350,410
Assessed improvement
$25,391,314
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1980
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
150,452 SF
Lot
1.23 ac (53,778 SF)
Zoning code
SMC3C*
APN
4291-026-023
UPID
US10-0312335
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3C* · Santa Monica, CAZoning SMC3C* · permitted uses
SMC3C* · Santa Monica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Fitness International LLC
Entity
Mailing address
3161 PO BOX 4085TH DR STE #600, SANTA MONICA, CA 90411-4085
Ownership since
2023
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 24, 2023
—
Fitness International LLC
Macerich Smp LP
Lease
—
Dec 5, 2017
—
Macerich Smp LP
—
Grant Deed
related
$300,000,000 · Wells Fargo Bk
Jan 2, 2013
—
Macerich Smp LP
Macerich Santa Monica Adjacent
Quit Claim Deed
—
May 11, 2007
$14,000,000
Macerich Santa Monica Adjacent
Newkirk Lybster
Grant Deed
—
Oct 11, 1995
—
Lybster Am Ltd Ptnshp
—
Deed Of Trust
related
—
Oct 8, 1992
—
Lybster Am Ltd Partnership
—
Deed Of Trust
related
—
—
—
Lybster Associates LP
—
Deed Of Trust
related
$700,000 · Presidio Cr Holdings LP
—
—
Lybster Associates LP
—
Deed Of Trust
related
$5,786,184 · Gmac Commercial Mortgage Corp
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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