Two-Story Flex and Warehouse
For Sale
$5,500,000
Pending
700 Wilson Avenue, Glendale, CA 91203
Freestanding two-story building with office and warehouse space, gated parking, alley loading access, and roll-up door capability.
Property Size11,350 SF
Lot Size0.63 Acres
Days on Market29
Property Features for 700 Wilson Avenue
General Information
Standard status
Pending
Size
11,350 SF
Total Parking Spaces
45
Lot size
0.63 Acres
Property subtype
General Commercial
Zoning
IMU
Warehouse & Industrial
Clear Height
11 ft
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Amenities
Central Air
3
Building Details
Stories
2
Listing Agency:
Keller Williams R. E. Services
(818) 432-3200
Listed By:
Arthur Ambarchyan · License #01351863
Source:
Xome
Added: Jul 14
Changed: Aug 8
Last Checked: Aug 11 at 5:23AM
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.
700–710 W Wilson Ave is a freestanding two-story building that combines office and warehouse functionality. The ground floor offers a flexible layout, while the second floor provides additional interior space. The property includes 11’ clear height areas, roll-up door access, HVAC, and sprinklers, along with 400A/120–240V 3-phase power for a range of operational needs.
The site consists of approximately three contiguous parcels totaling about 12,576 square feet, served by a gated 45-stall parking lot. Alley access is available to support loading and logistics. The property is zoned IMU and is positioned for immediate access to the I-5 and 134 freeways.
Overall, the building is designed to support flexible use across office and warehousing environments, with parking and loading infrastructure in place.
The site consists of approximately three contiguous parcels totaling about 12,576 square feet, served by a gated 45-stall parking lot. Alley access is available to support loading and logistics. The property is zoned IMU and is positioned for immediate access to the I-5 and 134 freeways.
Overall, the building is designed to support flexible use across office and warehousing environments, with parking and loading infrastructure in place.
Key Highlights
- Freestanding two‑story building totaling approx. 11,350 SF on a approx. 27,576 SF site across three contiguous parcels
- Layout includes approx. 8,000 SF on the ground floor and approx. 3,500 SF on the second floor
- Zoned IMU, allowing diverse uses such as urgent care, wellness, surgery center, daycare, education, and professional office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$223,325
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,466,500
$4.5M
Cap Rate 7%
$3,190,357
$3.2M
Cap Rate 9%
$2,481,389
$2.5M
Market Conditions
NOI Build-Up for 11,350 SF
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.
Gross rent
$374.6K $33.00/SF
− Vacancy
−$76.8K −$6.77/SF
EGI
$297.8K $26.24/SF
− OpEx
−$74.4K −$6.56/SF
NOI
$223.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,466,500
Cap Rate 7%
$3,190,357
Cap Rate 9%
$2,481,389
Alternative Uses
Best Use
Office B
$3.19M
$2.79M – $3.72M
NOI $223,325 @ 7.0% cap · market cap 4.06%
Second Best
Healthcare Medical
$2.62M
$2.29M – $3.05M
NOI $183,196 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$6.83M
$5.97M – $7.96M
NOI $477,832 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,010
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91203, CA
16,930
Population
7,503
Households
2.3
Avg Household Size
37
Median Age
46%
College-Educated
90%
High-School Grad
0.9 sq mi
ZIP Area
18,811
Density / Sq Mi
$77,925
Median Household Income
$48,953
Median Earnings
$2,348
Median Rent
$661,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DGLS EXPRESS CATERING — 344 Vine St #4, Glendale, CA 91204
- Your Benefit Specialist - Catering — 320 W Lomita Ave #18, Glendale, CA 91204
- FoodEx Catering Delivery — 436 W Colorado St UNIT 225, Glendale, CA 91204
- Perfect Taste Events & Catering — 671 W Broadway, Glendale, CA 91204
- Celebration Etc — Glendale, CA 91204
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding two-story building with office and warehouse space, gated parking, alley loading access, and roll-up door capability.
Where is this flex space located?
The property is located at 700 Wilson Avenue Glendale, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Freestanding two‑story building totaling approx. 11,350 SF on a approx. 27,576 SF site across three contiguous parcels; Layout includes approx. 8,000 SF on the ground floor and approx. 3,500 SF on the second floor; Zoned IMU, allowing diverse uses such as urgent care, wellness, surgery center, daycare, education, and professional office
