Freestanding Medical Office with Pole
For Sale
Contact for pricing
423 W Colorado Street, Glendale, CA 91204
The interior includes a dedicated imaging room and four examination rooms.
Property Size1,387 SF
Price / SF$3.75
Days on Market16
Property Features for 423 W Colorado Street
General Information
Standard status
Active
Size
1,387 SF
Property subtype
Office
Site & Location
Neighborhood
Glendale Galleria
Additional Details
Property Use
Medical Office
Amenities
pole sign
Building Details
Buildings
1
Listing Agency:
Stevenson Real Estate Services
(818) 956-7001
Listed By:
David Stevenson · License #01228475
(909) 610-5188
Source:
Lugobros
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 1:41PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding medical office is arranged with a waiting area, reception, four exam rooms, an X-ray room, a physician’s office, and kitchen and storage space. A pole sign is part of the property’s street presence on Colorado Street in Glendale.
Key Highlights
- Freestanding medical office on Colorado Street in Glendale
- Four exam rooms and one X‑ray room
- Waiting area, reception, physician’s office, and kitchen/storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,387
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,740
$447.7K
Cap Rate 7%
$319,814
$319.8K
Cap Rate 9%
$248,744
$248.7K
Market Conditions
NOI Build-Up for 1,387 SF
Gross rent
$40.8K $29.40/SF
− Vacancy
−$3.5K −$2.50/SF
EGI
$37.3K $26.90/SF
− OpEx
−$14.9K −$10.76/SF
NOI
$22.4K $16.14/SF
Area
Glendale, CA
Vacancy
8.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,740
Cap Rate 7%
$319,814
Cap Rate 9%
$248,744
Alternative Uses
Best Use
Office B
$389.9K
$341.1K – $454.9K
NOI $27,291 @ 7.0% cap · market cap 524.73%
Second Best
Healthcare Medical
$319.8K
$279.8K – $373.1K
NOI $22,387 @ 7.0% cap · market cap 430.44%
Theoretical Best
Specialty Retail
$834.2K
$729.9K – $973.2K
NOI $58,392 @ 7.0% cap · market cap 1,122.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,068
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91204, CA
17,302
Population
7,095
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
1.0 sq mi
ZIP Area
17,302
Density / Sq Mi
$72,906
Median Household Income
$41,556
Median Earnings
$1,924
Median Rent
$747,400
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
Similar Off Market Nearby
- Vca Ambulance — 4511 Alger St, Los Angeles, CA 90039
- Rhonda Schulman — 4641 W Colorado Blvd, Los Angeles, CA 90039
- Animal Specialty Group Inc: Fuentes-Nina Raquel DVM — 4641 Colorado Blvd, Los Angeles, CA 90039, United States
- Animal Specialty Group Inc: Sullivan Stacey DVM — 4641 Colorado Blvd, Los Angeles, CA 90039
- Animal Specialty Group Inc: Coddon Emily DVM — 4641 Colorado Blvd, Los Angeles, CA 90039
Frequently Asked Questions
What type of property is this?
Medical Office Space - The interior includes a dedicated imaging room and four examination rooms.
Where is this medical office space located?
The property is located at 423 W Colorado Street Glendale, CA.
What are key features of this property?
This property features: Freestanding medical office on Colorado Street in Glendale; Four exam rooms and one X‑ray room; Waiting area, reception, physician’s office, and kitchen/storage
