Glendale Commercial Condominiums For
400-610 W Broadway Glendale, CA 91205
For Sale
$9,678,000
Commercial condominiums for sale in Glendale, shell condition, customizable spaces.
Property Size22,000 SF
Price / SF$439.91
Days on Market157
Property Features for 400-610 W Broadway
General Information
- Standard status
- Active
- Size
- 22,000 SF
Listing Agency:
Keller Williams R. E. Services
(818) 230-3228
Listed By:
Arthur Ambarchyan · License #01351863
(818) 230-3228
Source:
Exprealty
Added: Feb 18
Changed: Jul 10
Last Checked: Jul 24 at 3:27PM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $726.0k | $33.00 |
| − Vacancy | −$148.8k | −$6.77 |
| EGI | $577.2k | $26.24 |
| − OpEx | −$144.3k | −$6.56 |
| NOI | $432.9k | $19.68 |
22,000 SF · lease $33.00/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.18M
$5.41M – $7.21M
NOI $432,878 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.23M
$11.58M – $15.44M
NOI $926,195 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
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 $9,678,000.
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.
