Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    655 N Central Ave Glendale, CA 91203

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Fully furnished office space available for rent in Glendale, CA.

    Type:Office
    Added:
    Nov 28, 2022
    Days on Market:
    1239
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 655 N Central Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 655 N Central Ave Contact us

    We can help!

    Listing Contact
    Sam Setyan

    Listing agent Sam Setyan License #01910336

    Listing office Iliad Real Estate Group

    Listing date Nov 28, 2022

    Source Crexi

    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 Iliad Real Estate Group

    Overview

    Furnished Office Space in Glendale

    This is a fully furnished office space available for rent. It is located in Glendale, California, at the intersection of North Central Avenue and Pioneer Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maxlegal Law Firm Animakersstudios Film Production Calpars Wealth Management Financial Advisor Mortgage Heaven Glendale Loan Service Modern Property Management Property Management Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.2592467
    Latitude
    34.1555809

    Nearby Similar for Lease

    • Contact for pricing

      Glendale Office Space with Parking

      Remodeled office suite in Glendale Woodlands neighborhood with parking.
      2505 Canada Boulevard, Glendale, CA 91208
      View Details
    • $144,000/mo

      Metropol Event Venue

      Elegant event venue in Glendale, serving Los Angeles County.
      701 S Central Ave, Glendale, CA 91204
      View Details
    • Contact for pricing

      Downtown Glendale

      201 Brand Blvd, Unit 200, Glendale, CA 91203
      View Details
    • Contact for pricing

      Brand Boulevard

      450 Brand Blvd, Unit 600, Glendale, CA 91203
      View Details
    • Sponsored
      Contact for pricing

      Central Avenue

      655 Central Ave, Unit 17TH, Glendale, CA 91203
      View Details
    • Contact for pricing

      Remodeled Office Space For Rent

      Recently remodeled office space in North Glendale, utilities included.
      3857 Foothill Blvd 17, Glendale, CA 91214
      View Details
    • Contact for pricing

      Retail Space Near Oakmont Country

      Retail space for rent near Oakmont Country Club.
      2505 Canada Boulevard 1, Glendale, CA 91208
      View Details
    • $2/mo

      Glendale Office Suites For Lease

      Four office suites available in the heart of Glendale business district.
      512 East Wilson Avenue, Glendale, CA 91206
      View Details
    • $3/mo

      Glendale Office Space with Upgrades

      Modern office building with high-end finishes and efficient systems.
      207 N Goode Avenue, Glendale, CA, 91203
      View Details
    • $3/mo

      Prime North Brand Blvd Buildings

      Two freestanding commercial buildings with drive-through on Brand Blvd.
      1000-1010 N Brand Blvd, Glendale, CA
      View Details
    • $3/mo

      Glendale Office Space for Rent

      Office building in Glendale with modern amenities and on-site services.
      655 North Central Avenue, Glendale, CA, 91203
      View Details
    • $2/mo

      Office Suite with Panoramic Views

      Office suite for rent with balconies and operable windows.
      1314 West Glenoaks Boulevard, Glendale, CA 91201
      View Details

    FAQs

    What type of property is this?
    Office units - Fully furnished office space available for rent in Glendale, CA.
    Where is this office units located?
    The property is located at 655 N Central Ave Glendale, CA.
    What are key features of this property?
    This property features: Fully furnished office space ready for immediate use.; Located in Glendale, offering a prime business address.; Situated on N Central Ave and Pioneer Dr, providing easy access.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Setyan
    Real Estate License ID: 01910336
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!