Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Small Industrial Warehouse with Yard Title is generated by Realmo AI

    421 West Palmer Avenue, Glendale, CA 91204

    View on Map
    Claim this Listing
    For Lease
    $2 SF/Yr

    Small industrial warehouse with fenced yard, available April 2026.

    Type:Industrial Building
    Added:
    Mar 6, 2026
    Days on Market:
    84
    Last Refresh:
    Apr 5 at 11:59 pm

    Property Features for 421 West Palmer Avenue

    General Information

    Standard status
    Active
    Property subtype
    Industrial Building

    Building Details

    Year Built
    1958

    Spaces For Lease

    at 421 West Palmer Avenue Contact us

    We can help!

    Listing Contact
    Kenny Burns

    Listing agent Kenny Burns License #CalDRE #01227314

    Listing office

    Listing date Mar 6, 2026

    Source Stevensonrealestate

    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 Kenny Burns

    HighLights

    • Rare small industrial warehouse building
    • Front‑fenced yard
    • One loading door
    • 11' ceiling height
    • Two offices and two restrooms
    • Owner will slurry coat the parking lot

    Overview

    This small industrial warehouse building features a front-fenced yard. The interior includes an 11-foot ceiling height, one loading door, two offices, and two restrooms. The owner plans to slurry coat the parking lot. The property is located on West Palmer Avenue, between San Fernando Road and Los Angeles Street and will be available in April 2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Storage Etc... Los Feliz — 2870 Los Feliz Pl, Los Angeles, CA 90039
    • Personal Units 4U — 3119 Los Feliz Blvd, Los Angeles, CA 90039
    • Tech Craeft Data Storage Solutions — 413 W Palmer Ave, Glendale, CA 91204
    • Consolidated Scenic Services Inc — 4000 Chevy Chase Dr, Los Angeles, CA 90039
    • Upstage Design — 3015 Dolores St, Los Angeles, CA 90065

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2626659
    Latitude
    34.1315685

    Nearby Similar for Lease

    • $3,400/Mo
      3,894 SF

      Upgraded Office Space in Glendale

      Bright, upgraded 980 sq ft office space for lease.
      530 W Glenoaks Boulevard, Glendale, CA 91202
      View Details
    • $6,150/Mo

      Glendale Professional Office Suite

      Remodeled ground floor office with parking in Glendale Woodlands.
      2505 Canada Boulevard, Glendale, CA 91208
      View Details
    • $144,000 SF/Yr
      8,500-12,000 SF

      Metropol Event Venue

      Elegant event venue in Glendale, serving Los Angeles County.
      701 S Central Ave, Glendale, CA 91204
      View Details
    • $2,000/Mo
      438 SF

      Prime La Crescenta Commercial Space

      438 sq ft commercial space in prime location.
      4050 La Crescenta Ave B, Glendale, CA 91214
      View Details
    • $129-$5,737/Mo
      11-1,292 SF

      Downtown Glendale

      201 Brand Blvd, Unit 200, Glendale, CA 91203
      View Details
    • Sponsored
      $129-$5,738/Mo
      11-1,292 SF

      Brand Boulevard

      450 Brand Blvd, Unit 600, Glendale, CA 91203
      View Details
    • $129-$6,916/Mo
      11-1,292 SF

      Central Avenue

      655 Central Ave, Unit 17TH, Glendale, CA 91203
      View Details
    • $800/Mo
      258 SF

      Remodeled Office Space For Rent

      Recently remodeled office space in North Glendale, utilities included.
      3857 Foothill Blvd 17, Glendale, CA 91214
      View Details
    • $2,898/Mo

      Modern Office Suite Near Hospital

      Renovated Class A office suite near Adventist Health Glendale.
      1577 E Chevy Chase Dr 130, Glendale, CA 91206
      View Details
    • $6,150/Mo

      Glendale Office Suite with Parking

      Professional office suite in Glendale Woodlands with designated parking.
      2505 Canada Blvd 1, Glendale, CA 91208
      View Details
    • $4,235/Mo

      Freestanding Building on Glendale Avenue

      Commercial space in a high-visibility, two-tenant building for lease.
      1256 S Glendale Ave, Glendale, CA 91205
      View Details
    • $0.75 SF/Yr
      3,261 SF

      Downtown Glendale Retail Space Available

      Located in the heart of Downtown Glendale's Alex Theatre District.
      201 N Brand Blvd., Glendale, California 91203
      View Details

    FAQs

    What type of property is this?
    Warehouse - Small industrial warehouse with fenced yard, available April 2026.
    Where is this warehouse located?
    The property is located at 421 West Palmer Avenue Glendale, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Rare small industrial warehouse building; Front‑fenced yard; One loading door
    (818) 956-7001
    We can help!
    Listing Contact
    Kenny Burns
    Real Estate License ID: CalDRE #01227314
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    421 West Palmer Avenue, Glendale, CA 91204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!