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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Retail space
609 Colorado Ave Santa Monica, CA 90401-2507
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0302172
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Construction
WOOD
Total area
7,400 SF
Lot
0.34 ac (14,982 SF)
Zoning code
SMC3*
APN
4291-023-010
UPID
US10-0302172
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.43M
Owner & transaction history
609 Colorado Fee Owner LLC · 2 yrs held
609 Colorado Fee Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
SMC3* · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±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
$193 / 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
$173,595
Tax year 2024
Assessed value
$13,627,686
Assessed 2024
Previous assessed
$13,627,686
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$13,626,615
Assessed improvement
$1,071
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Bathrooms
7
Total area
7,400 SF
Lot
0.34 ac (14,982 SF)
Zoning code
SMC3*
APN
4291-023-010
UPID
US10-0302172
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMC3* · Santa Monica, CAZoning SMC3* · permitted uses
SMC3* · 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
1984
Construction
WOOD
Heating
NONE
Stories
1
Units
7
Bathrooms
7
Lot
0.34 ac
Current owner
From public records · entity-resolved
609 Colorado Fee Owner LLC
Entity
Mailing address
360 LEXINGTON AVE 1200TH NEW YORK
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
—
609 Colorado Fee Owner LLC
Mdf IV Ca Portfolio Lender LLC
Grant Deed
—
Jul 15, 2024
$560,000,000
Mdf IV Ca Portfolio Lender LLC
1435 5th Street LLC
Trustees Deed
related
—
Jan 2, 2024
$583,745,150
Wsc 601 Colorado Ave LLC
Wsc 601 Colorado Ave LLC
Deed In Lieu Of Foreclosure
related
$250,000,000 · Hankey Capital LLC
Mar 5, 2020
—
Wsc 1318 Lincoln Blvd LLC
—
Deed
related
$157,000,000 · Mrc Ca Lender LLC
Sep 13, 2019
$19,065,000
Wsc 601 Colorado Ave LLC
601 Colorado Nms LLC
Grant Deed
$18,154,000 · Hankey Cap
Jun 22, 2018
—
601 Colorado Nms LLC
—
Deed
related
$10,250,000 · Lone Oak Fund
Sep 10, 2012
$7,000,000
601 Colorado Nms LLC
Carriere Holdings LP
Grant Deed
$3,858,250 · Comerica Bank
Aug 23, 2004
—
Holdings Carriere
Carriere Raymond Trust
Quit Claim Deed
related
—
—
—
Wsc 1318 Lincoln Blvd LLC
—
Deed Of Trust
related
$157,000,000 · Mrc Ca Lender LLC
—
—
Carriere Trust
—
Deed Of Trust
related
$450,000 · First Federal Bank Ca
—
—
601 Colorado Nms LLC
—
Deed Of Trust
related
$10,250,000 · Lone Oak Fund
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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