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

    1506 Glendale Ave Glendale, CA 91205

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Glendale Office Space Available

    Lot size:
    2,400 SF

    Property Features for 1506 Glendale Ave

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,400 SF
    Total Rate
    700

    Building Details

    Stories
    2

    Spaces For Lease

    at 1506 Glendale Ave, Glendale, CA 91205 Contact us
    Unit Ground Floor

    $3 /Mo

    Size
    2,400 SF
    Contact us

    We can help!

    Listing Contact
    Stacy Vierheilig-Fraser
    Stacy Vierheilig-Fraser

    Listing Agency: Lee & Associates - LA North/Ventura, Inc. Listing Agent: Stacy Vierheilig-Fraser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 2,400 square foot executive office building, located at 1506 S Glendale Ave in Glendale, California (zip code 91205), presents a unique leasing opportunity. The entire two-story building is currently vacant and ready for immediate occupancy. The property boasts a highly desirable location in Los Angeles County, offering convenient access to major transportation routes and local amenities. The building features ample parking with 5 spaces provided free of charge to tenants. An elevator is conveniently available for access to both floors. The property is classified as an executive office space, ideal for a variety of professional businesses seeking a prestigious and functional workspace. With its generous square footage and modern amenities, this property is perfect for a company looking to establish a strong presence in the Glendale area. The entire 2,400 square feet is available for lease, offering flexibility in layout and design to suit individual business needs. This is a rare opportunity to secure a complete, move-in ready office building in a prime Glendale location. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -118.2526606
    Latitude
    34.127321

    Nearby Similar for Lease

    • Contact for pricing

      Central Avenue

      Flexible workspace in Central Avenue
      655 Central Ave, Glendale, CA 91203
      View Details
    • Contact for pricing

      Brand Boulevard

      Discover many ways to work your way in Brand Boulevard
      450 Brand Blvd, Glendale, CA 91203
      View Details
    • Sponsored
      Contact for pricing

      Downtown Glendale

      Workspaces, services and support to help you work better in Miami Downtown
      201 Brand Blvd, Glendale, CA 91203
      View Details
    • $144,000

      Metropol Event Venue

      Metropol Event Venue
      701 S Central Ave, Glendale, CA 91204
      View Details
    • $2,600 /Mo

      Smog Check Business For Rent

      Smog check business for rent within a body shop compound.
      3634 San Fernando Rd, Glendale, CA 91204
      View Details
    • $3 SF/Yr
      8,822 SF

      Prime North Brand Blvd Buildings

      Two freestanding commercial buildings with drive-through on Brand Blvd.
      1000-1010 N Brand Blvd, Glendale, CA 91202
      View Details
    • $3 SF/Yr
      7,472 SF

      Freestanding Building on Brand Boulevard

      Commercial building with drive-through and flexible floor plan available for rent.
      1000 N Brand Blvd, Glendale, CA 91202
      View Details
    • Contact for pricing

      Glendale Retail/Medical/Office Space Available

      Retail, medical, or office space for lease in Glendale.
      521 W Colorado St, Glendale, CA 91204
      View Details
    • Contact for pricing

      Office Space in Glendale Submarket

      Office space available for rent in Glendale, California.
      400 N Brand Blvd, Glendale, CA 91203
      View Details
    • $3 SF/Yr
      4,668 SF

      Glendale Office Space Available

      Office space for rent in Glendale, California.
      801 S Chevy Chase Dr, Glendale, CA 91205
      View Details
    • $4 SF/Yr
      2,225 SF

      Automotive Service/Repair Property Available

      Rare automotive service/repair property with excellent visibility.
      3331 N Verdugo Rd, Glendale, CA 91208
      View Details
    • $2 SF/Yr
      6,702 SF

      Glendale Office Space Available

      Office space for rent with private elevator lobby entry.
      620 N Brand Blvd, Glendale, CA 91203
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Glendale Office Space Available
    Where is this office property located?
    The property is located at 1506 Glendale Ave Glendale, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 2-story, 2,400 sq ft executive office building in Glendale, CA (91205).; On-site server room with split unit.; Building signage available.
    (818) 986-9800 Call to check price and availability
    Request Owner's contact information
    1506 Glendale Ave Glendale, CA 91205
    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.
    1506 Glendale Ave
    Glendale, CA 91205
    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
    1506 Glendale Ave Glendale, CA 91205
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stacy Vierheilig-Fraser
    Stacy Vierheilig-Fraser
    Real Estate License ID: 00986794
    (818) 986-9800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!