Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1040 West Kenneth Rd Glendale, CA 91202

    Sponsored
    For Sale
    $120,000

    Commercial Sale, Other - Glendale, CA

    Days on Market:
    6
    Last Refresh:
    Jan 20 at 6:06 am

    Property Features for 1040 West Kenneth Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Zargarian

    NextHome, Inc

    Listing agent Michael Zargarian (818) 858-5026 License #01778557,PersonLicenseNumber

    Listing date Jan 15, 2026

    MLS# GD26002131 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Kenneth Village Business Opportunity

    Located in Glendale's Kenneth Village, this property presents an opportunity to own a business in a district known for its vibrant atmosphere, boutique shops, cafes, and high foot traffic. Palace Cleaners, a long-time neighborhood business, has excellent visibility in this location. A new lease will be drafted for the new owner. The space offers flexibility for a new business concept, subject to landlord approval. The location benefits from established businesses and local patrons, offering built-in exposure and strong walkability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Palace Cleaners & Laundry Dry Cleaner NextHome Grandview Real Estate Agency Cinthia Vargas Real ... Real Estate Agent Kenneth Village Flowers, ... Florist Nail Secrets Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.27899933
    Latitude
    34.17224503

    Nearby Similar for Sale

    • $1,399,000
      1,723 SF

      Glendale Triplex with ADU Potential

      Triplex in Glendale with value-add and ADU conversion potential.
      1717 E Chevy Chase Dr, Glendale, CA 91206
      View Details
    • $1,399,993
      3,570 SF

      Glendale Commercial Property with Dual Parcels

      Two adjacent buildings offer flexibility for business or investment purposes.
      1812 Victory Blvd, Glendale, CA 91201
      View Details
    • $4,200,000
      1.24 Acres

      Glendale Commercial Equestrian Land

      Commercial equestrian property in Rancho neighborhood near Griffith Park trails.
      1840 Riverside Dr, Glendale, CA 91201
      View Details
    • $1,789,950
      2,839 SF

      Glendale Quadplex with ADU Potential

      Four-unit building with approved ADU plans in Glendale, CA.
      1523 Rock Glen Ave, Glendale, CA 91205
      View Details
    • $4,695,000
      9,524 SF

      Glendale Multifamily Building with Upside

      Meticulously maintained 10-unit apartment building in a desirable Glendale location.
      1207 N Columbus Ave, Glendale, CA 91202
      View Details
    • $300,000

      Glendale Restaurant Business Opportunity

      Fully operational poke restaurant in the heart of Glendale, California.
      106 W California Ave, Glendale, CA 91203
      View Details
    • New
      $1,225,000
      2,000 SF

      Glendale Triplex with Income Potential

      Well-maintained triplex in Glendale offering immediate income and future upside.
      441 W Maple St, Glendale, CA 91204
      View Details
    • $3,200,000
      Pending

      Glendale Multifamily Investment Opportunity

      16-unit bungalow-style apartment building in prime Glendale location.
      720 Salem St, Glendale, CA 91203
      View Details
    • $1,850,000
      1,587 SF

      Glendale Medical Office Investment

      Freestanding medical office building with reliable tenant in Glendale, CA.
      5846 San Fernando Rd, Glendale, CA 91202
      View Details
    • $660,000

      Updated Condo in Prime Glendale

      Top-floor, 2-bedroom condo with modern updates and community amenities.
      310 N Jackson St, Glendale, CA 91206
      View Details
    • Contact for pricing
      3,362 SF

      Turnkey Medical Office in Glendale

      Prime Glendale location, move-in ready medical office space available for sale.
      204 E Chevy Chase Dr, Glendale, CA 91205
      View Details
    • $688,000
      1,012 SF

      Glendale Oaks Top Floor Unit

      Renovated 2 bed, 2 bath unit near Glendale amenities.
      460 Oak St, Glendale, CA 91204
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Business opportunity in Glendale's Kenneth Village with high foot traffic.
    Where is this individual retail property located?
    The property is located at 1040 West Kenneth Rd Glendale, CA.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Prime location in the highly desirable Kenneth Village, Glendale, known for high foot traffic and a vibrant atmosphere.; - Opportunity to acquire Palace Cleaners, a long-time neighborhood favorite with excellent visibility.; - Brand-new, affordable lease to be drafted for the new owner.
    (818) 858-5026
    Request Owner's contact information
    1040 West Kenneth Rd Glendale, CA 91202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1040 West Kenneth Rd
    Glendale, CA 91202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1040 West Kenneth Rd Glendale, CA 91202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Zargarian
    Real Estate License ID: 01778557,PersonLicenseNumber
    (818) 858-5026
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.