Mixed-Use Retail and Automotive
For Sale
$3,200,000
3850 Foothill Boulevard, Glendale, CA 91214
Four-building Glendale mixed-use property with an Enterprise Rent-A-Car retail space and an automotive repair building with four bays.
Property Size6,331 SF
Price / SF$505.45
Days on Market455
Property Features for 3850 Foothill Boulevard
General Information
Standard status
Active
Size
6,331 SF
Property subtype
Commercial Sale / Mixed Use
Occupancy
100%
Additional Details
Service Bays
4
Building Details
Tenancy
Multi
Listing Agency:
Stevenson Real Estate Services
(818) 956-7001
Listed By:
David Stevenson · License #01228475
(818) 956-7001
Source:
Compass
Added: May 10, 2025
Changed: Aug 7
Last Checked: Aug 7 at 8:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stevenson Real Estate Services
Investment Insights
Based on property information with market context.
This mixed-use property includes four separate buildings on one site, featuring a retail space occupied by Enterprise Rent-A-Car and an automotive repair facility occupied by Campbell’s Automotive Repair Service. The Enterprise Rent-A-Car building is approximately 2,216 square feet and is under an NNN lease, currently in the middle of a three-year option expiring December 31, 2007, with a further three-year option where the option rent will be at fair market value. The automotive building is approximately 2,209 square feet and includes four (4) bays, held under a modified gross lease that expires October 1, 2026, with an option for two additional years expiring October 1, 2028.
The property also includes two single-family homes, each approximately 750 square feet, leased for one year commencing October 1, 2025, with dedicated parking spaces.
Located at 3850 Foothill Boulevard in the heart of the Glendale foothills, the site offers multiple income streams through both commercial and residential components within the four-building configuration.
The property also includes two single-family homes, each approximately 750 square feet, leased for one year commencing October 1, 2025, with dedicated parking spaces.
Located at 3850 Foothill Boulevard in the heart of the Glendale foothills, the site offers multiple income streams through both commercial and residential components within the four-building configuration.
Key Highlights
- Mixed‑use property with 4 separate buildings in the Glendale foothills.
- Enterprise Rent‑A‑Car retail building: approx. 2,216 SF with an NNN lease.
- Enterprise lease is in the middle of a three‑year option expiring December 31, 2007, with an additional three‑year option at fair market value.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$236,451
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,729,020
$4.7M
Cap Rate 7%
$3,377,871
$3.4M
Cap Rate 9%
$2,627,233
$2.6M
Market Conditions
NOI Build-Up for 6,331 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$359.3K $56.76/SF
− Vacancy
−$21.6K −$3.41/SF
EGI
$337.8K $53.35/SF
− OpEx
−$101.3K −$16.01/SF
NOI
$236.5K $37.35/SF
Area
Glendale, CA
Vacancy
6.00%
Lease Rate
$56.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,729,020
Cap Rate 7%
$3,377,871
Cap Rate 9%
$2,627,233
Alternative Uses
Best Use
Retail
$3.38M
$2.96M – $3.94M
NOI $236,451 @ 7.0% cap · market cap 7.39%
Second Best
Mixed Use
$1.79M
$1.57M – $2.09M
NOI $125,366 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$3.81M
$3.33M – $4.44M
NOI $266,534 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Service bays
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
118k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Groceries 22%
Shops & Services 9%
Electronics 7%
In-N-Out Burger
Dining
26,334 visits/mo
0.4 miles
Albertsons
Groceries
25,524 visits/mo
0.4 miles
Starbucks
Dining
25,235 visits/mo
0.4 miles
Del Taco
Dining
7,931 visits/mo
0.4 miles
Big 5 Sporting Goods
Apparel
7,698 visits/mo
0.4 miles
Demographics for 91214, CA
31,097
Population
11,092
Households
2.8
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,260
Density / Sq Mi
$131,716
Median Household Income
$68,236
Median Earnings
$2,475
Median Rent
$1,088,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BAD BOYZ Ride 4 Life Motorcycle Club — 3442 Foothill Blvd, Glendale, CA 91214
- Allstate Auto Repair — 3424 Foothill Blvd, La Crescenta-Montrose, CA 91214
- Robert's Auto Tech — 3414 Foothill Blvd, Glendale, CA 91214
- Adept Mobile Mobile Tire Repair and Battery Replacement La Crescenta — 3250 fairesta st, la crescenta-montrose, ca 91214
- Modern Diesel Tech — 3442 Foothill Blvd #168, La Crescenta-Montrose, CA 91214
Frequently Asked Questions
What type of property is this?
Auto shop - Four-building Glendale mixed-use property with an Enterprise Rent-A-Car retail space and an automotive repair building with four bays.
Where is this auto shop located?
The property is located at 3850 Foothill Boulevard Glendale, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Mixed‑use property with 4 separate buildings in the Glendale foothills.; Enterprise Rent‑A‑Car retail building: approx. 2,216 SF with an NNN lease.; Enterprise lease is in the middle of a three‑year option expiring December 31, 2007, with an additional three‑year option at fair market value.
