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    555 Ocean Blvd Long Beach, CA 90802
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    Property profile & analytics

    555 Ocean Blvd Long Beach, CA 90802

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    • Office buildings
    • 138,592 SF
    • 1.61 lot acres
    For Lease
    $1.85 SF/Yr
    View Listing →
    Office Space For Lease For Lease
    $1.85 SF/Yr
    947 SF

    Office Space For Lease

    Office space available for lease in Long Beach, CA.

    555 Ocean Blvd, Long Beach, CA
    View Listing
    Property ID
    US09-9518413
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hapag-Lloyd America Inc / Shipping Company / Freight Service
    • U.S. Bank Branch / Bank / Loan Service
    • Unite The People Inc / Charitable Organization / Social Service Agency
    • U.S. Bank ATM - Long Beach / Atm / Bank
    • Andrea Cook & Associates / Law Firm

    Property Details for 555 Ocean Blvd

    Year built
    1967
    Construction
    CONCRETE
    Lot size
    1.61 lot acres
    Property size
    138,592 SF
    Zone code
    LBPD30
    Property type
    Office buildings
    APN
    7281-024-013
    APU
    7281024013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.186
    Latitude
    33.7669
    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
    $344,735
    $9,512,517
    $13,431,414
    $22,943,931
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,200,000
      114,827 SF

      110 Ocean Blvd

      OFFICE BUILDING • 114,827 SF
      110 Ocean Blvd, Long Beach, CA 90802-4605
      View Details
    • Value Estimation
      $1,120,000
      3,402 SF

      333 Broadway

      OFFICE BUILDING • 3,402 SF
      333 Broadway, Long Beach, CA 90802-4437
      View Details
    • Value Estimation
      $1,380,000
      7,500 SF

      40 Atlantic Ave

      OFFICE BUILDING • 7,500 SF
      40 Atlantic Ave, Long Beach, CA 90802-5202
      View Details
    • Value Estimation
      $9,135,000
      54,000 SF

      320 Pne Ave

      OFFICE BUILDING (MULTI-STORY) • 54,000 SF
      320 Pne Ave, Long Beach, CA 90802-2315
      View Details
    • Value Estimation by Request
      680 SF

      333 Broadway Ste, Unit 206

      OFFICE BUILDING • 680 SF
      333 Broadway Ste, Long Beach, CA 90802-4439
      View Details
    • Value Estimation by Request
      393,161 SF

      301 Ocean Blvd, Unit 410

      OFFICE BUILDING (MULTI-STORY) • 393,161 SF
      301 Ocean Blvd, Long Beach, CA 90802-4828
      View Details

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      Downtown Long Beach Commercial Building

      10,000 RSF commercial building in vibrant Downtown Long Beach.
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      Long Beach Office Building For Sale

      Office building with 5,200 square feet available for purchase.
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      49,852 SF

      Downtown Long Beach Office Building

      Modern 3-story office building in Downtown Long Beach for sale.
      150 Long Beach Blvd, Long Beach, CA 90802
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    • $5,950,000
      28,368 SF

      The Loft Building: Long Beach Gem

      Downtown Long Beach mixed-use building, redevelopment opportunity.
      130 Pine Ave, Long Beach, CA 90802
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    • $795,000
      3,311 SF

      Retail Building on Broadway Corner

      Stand-alone retail building suitable for owner-user, medical, or office.
      1434 E Broadway, Long Beach, CA 90802
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    Similar Nearby for Lease

    • Contact for pricing

      Oceanfront Business Suites and Offices

      Unique campus-style environment with ocean views and marina access.
      330 Golden Shr, Long Beach, CA 90802
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      Reinvented Office Building with Ocean Views

      Office building with renovated common areas and panoramic ocean views.
      444 W Ocean Blvd, Long Beach, CA 90802
      View Details
    • $20 SF/Yr

      Downtown Long Beach Office Space

      Historic building with excellent office spaces in Downtown Long Beach.
      235 E Broadway, Long Beach, CA 90802
      View Details
    • $27 SF/Yr
      2,893 SF

      Long Beach Creative Office Space

      2,893 sq ft Single-Tenant Office
      425 Atlantic Ave, Long Beach, CA 90802
      View Details
    • Contact for pricing
      2,958 SF

      Office Space with Multiple Offices

      Office space featuring multiple window offices, kitchen, and storage.
      444 W Ocean Blvd, Long Beach, CA 90802
      View Details
    • Sponsored
      Contact for pricing

      CA, Long Beach - E 3rd St

      Flexible workspace in CA, Long Beach - E 3rd St
      120 3Rd St, Long Beach, CA 90802
      View Details
    View Listing
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    Long Beach, CA 90802
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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.

    More about this property
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