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Property profile & analytics
OFF-MARKET
Estimated value
$20,975,000
Grocery and convenience stores
600 Broadway Long Beach, CA 90802-5124
Entity Owned
~
Est. High Equity
Property ID
US10-0422680
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2010
Construction
CONCRETE
Total area
50,188 SF
Lot
1.38 ac (60,171 SF)
Zoning code
LBPD30
APN
7281-021-019
UPID
US10-0422680
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
-
West Gateway Apartment Building
-
Starbucks Cafe & Coffee Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Vons Bakery Bakery Specialty Food Shop
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.74M
Comparable Approach
Comparable
$22.25M
Blend (final)
Blend
$20.98M
Owner & transaction history
Broadway 3721 LLC
Broadway 3721 LLC
since 2025
Last sale
$26.9M
6 recorded transactions
Zoning & alternative use
LBPD30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.3M
+143.3%
Restaurant
$31.3M
+122.0%
Neighborhood: shopping center
$29.7M
+110.4%
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 Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Beach 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%
$13,795,000
6.5%
$12,735,000
7%
$11,825,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,100,000
Current use
MEDICAL BUILDING
$34,300,000
Change: +143% · Conversion: Difficult
RESTAURANT
$31,300,000
Change: +122% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$29,665,000
Change: +110% · Conversion: Moderate
OFFICE BUILDING
$17,770,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,875,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,655,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,945,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$20.98M
Range $18.88M – $23.07M · ±10% · vs last sale $26.85M (May 5 2025)
Last sale anchor
$26.85M
May 5 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
$418 / 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
$333,276
Tax year 2024
Assessed value
$23,690,274
Assessed 2024
Previous assessed
$23,690,274
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$10,039,670
Assessed improvement
$13,650,604
Applied tax rate
11.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
50,188 SF
Lot
1.38 ac (60,171 SF)
Zoning code
LBPD30
APN
7281-021-019
UPID
US10-0422680
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD30 · Long Beach, CA
Zoning LBPD30 · permitted uses
LBPD30 · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$34.3M
RESTAURANT
Est. value
$31.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.7M
OFFICE BUILDING
Est. value
$17.8M
AUTO REPAIR, GARAGE
Est. value
$15.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.7M
WAREHOUSE, STORAGE
Est. value
$13.9M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2010
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Broadway 3721 LLC
Entity
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$26,850,000
Broadway 3721 LLC
Cws Hermann Lofts LP
Grant Deed
—
May 1, 2019
—
Cws Hermann Lofts LP
—
Deed
related
$15,700,000 · Miscellaneous Ins Co
Mar 6, 2019
—
Cws Hermann Lofts LP
Cf Albert Propco LLC
Grant Deed
$14,500,000 · First Foundation Bank
Nov 15, 2017
$21,237,000
Safeway INC
Cf Albert Propco LLC
Grant Deed
$405,000,000 · Royal Bk/canada
Mar 31, 2009
$5,500,000
Vons Cos INC
Mitchell Land & Improvement
Grant Deed
—
—
—
Cws Hermann Lofts LP
—
Deed Of Trust
related
$15,700,000 · Miscellaneous Ins Co
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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