Glendale Commercial Condominiums For
For Sale
$7,750,000
400-610 W Broadway, Glendale, CA 91205
Commercial condominiums for sale in Glendale, shell condition, customizable spaces.
Property Size22,000 SF
Price / SF$352.27
Days on Market237
Property Features for 400-610 W Broadway
General Information
Standard status
Active
Size
22,000 SF
Listing Agency:
Keller Williams R. E. Services
(818) 432-3200
Listed By:
Arthur Ambarchyan · License #01351863
(818) 230-3228
Source:
Exprealty
Added: Feb 18
Changed: Oct 1
Last Checked: Oct 12 at 10:18PM
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 Keller Williams R. E. Services
Investment Insights
Based on property information with market context.
Commercial condominiums are available for sale at 610 W Broadway in Glendale. Suites range from approximately 618 SF up to 22,000 SF, offering the opportunity to acquire contiguous space or control the entire building. The project is delivered in newly constructed shell condition, providing a customizable space for medical, retail, or professional environments. Two combined spec medical suites are currently being constructed. A design and build program is in place to support purchasers through every phase of development. Architects are available to collaborate directly with buyers to design layouts tailored to their operational needs. The team will guide owners through the City of Glendale entitlement and permitting process and can coordinate construction partners to deliver move-in-ready spaces. The parking program delivers approximately 4 spaces per 1,000 SF, featuring dedicated reserved owner parking complemented by visitor and patient capacity. Constructed to meet current seismic and ADA standards, the property offers predictable occupancy costs and potential tax advantages. Positioned along a highly visible Glendale corridor, the project offers SBA financing options for acquisition and buildout, presenting an opportunity for owner-users, medical groups, professional firms, and investors.
Key Highlights
- Opportunity to own commercial space and build long‑term equity.
- Suites available from 618 SF up to 22,000 SF; acquire contiguous space or the entire building.
- Delivered in newly constructed shell condition, a blank canvas for customized spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$432,878
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,657,560
$8.7M
Cap Rate 7%
$6,183,971
$6.2M
Cap Rate 9%
$4,809,756
$4.8M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$726.0K $33.00/SF
− Vacancy
−$148.8K −$6.77/SF
EGI
$577.2K $26.24/SF
− OpEx
−$144.3K −$6.56/SF
NOI
$432.9K $19.68/SF
Area
Glendale, CA
Vacancy
20.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,657,560
Cap Rate 7%
$6,183,971
Cap Rate 9%
$4,809,756
Alternative Uses
Best Use
Office B
$6.18M
$5.41M – $7.21M
NOI $432,878 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.23M
$11.58M – $15.44M
NOI $926,195 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 91205, CA
36,693
Population
14,424
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
19,312
Density / Sq Mi
$59,005
Median Household Income
$42,393
Median Earnings
$1,890
Median Rent
$763,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condominiums for sale in Glendale, shell condition, customizable spaces.
Where is this office units located?
The property is located at 400-610 W Broadway Glendale, CA.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Opportunity to own commercial space and build long‑term equity.; Suites available from 618 SF up to 22,000 SF; acquire contiguous space or the entire building.; Delivered in newly constructed shell condition, a blank canvas for customized spaces.
