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Property profile & analytics
OFF-MARKET
Estimated value
$4,375,000
Warehouses
700 Colorado Ave Santa Monica, CA 90401-2610
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0305311
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
TILT-UP CONCRETE
Total area
20,348 SF
Lot
0.46 ac (20,139 SF)
Zoning code
SMM1-C4*
APN
4290-001-016
UPID
US10-0305311
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
$4.08M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$4.38M
Owner & transaction history
Richard R Nason · 6 yrs held
Richard R Nason
since 2019
7 recorded transactions
Zoning & alternative use
SMM1-C4* · 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%
$4,415,000
6.5%
$4,075,000
7%
$3,780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,980,000
Current use
Blend value · Realmo final
$4.38M
Range $3.94M – $4.81M · ±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
$215 / 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
$163,018
Tax year 2024
Assessed value
$13,054,057
Assessed 2024
Previous assessed
$13,054,057
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$12,786,009
Assessed improvement
$268,048
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
20,348 SF
Lot
0.46 ac (20,139 SF)
Zoning code
SMM1-C4*
APN
4290-001-016
UPID
US10-0305311
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SMM1-C4* · Santa Monica, CA
Zoning SMM1-C4* · permitted uses
SMM1-C4* · 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
WAREHOUSE, STORAGE Current
Est. value
$6.0M
WAREHOUSE, STORAGE Current
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Richard R Nason
Individual
Free & Clear · 6 yrs held
Mailing address
2355 WESTWOOD BLVD #130, LOS ANGELES, CA 90064-2109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 26, 2019
—
Richard R Nason
Nason Frederick N J Trust II
Quit Claim Deed
related
—
Dec 26, 2019
$12,175,000
700 Colorado Owner LLC
Nason Patricia J L/tr
Grant Deed
$18,500,000 · Ready Cap Structured Fin
Sep 8, 2011
—
Nason Frederick N JR Trust II
Nason,frederick N JR
Quit Claim Deed
related
—
Jul 17, 2002
—
Nason,f Tr
Nason,f
Quit Claim Deed
related
—
May 4, 1999
—
Nason,patricia J Trustee
Nason,p J
Quit Claim Deed
related
—
Jun 19, 1996
—
Warehouse Nason
—
Deed Of Trust
related
—
Jan 23, 1996
—
Hillgreen Warehouse Properties
—
Deed Of Trust
related
—
Dec 22, 1989
—
Rolapp Fmly Tr B
Rola
Quit Claim 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.
Try Rey
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