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

    1008 Pacific Ave Glendale, CA 91202-2314

    • Grocery and convenience stores
    • 3,670 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6364150
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pacific Food Mart / Grocery & Convenience Store
    • Pacific Fuel / Gas Station

    Property Details for 1008 Pacific Ave

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    3,670 SF
    Zone code
    GLC3*
    Property type
    Grocery and convenience stores
    APN
    5636-004-019
    APU
    5636004019

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,890,000
      Current use
      OFFICE BUILDING
      $1,895,000
      Change: +0% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,835,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $1,670,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.264
    Latitude
    34.1603
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,096
    $803,866
    $446,197
    $1,250,063
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,705,000
      4,608 SF

      843 Glenoaks Blvd

      GROCERY, SUPERMARKET • 4,608 SF
      843 Glenoaks Blvd, Glendale, CA 91202-2133
      View Details
    • Value Estimation
      $11,110,000
      35,945 SF

      1200 Central Ave

      GROCERY, SUPERMARKET • 35,945 SF
      1200 Central Ave, Glendale, CA 91202-1808
      View Details
    • Value Estimation
      $1,595,000
      5,633 SF

      1155 Brand Blvd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 5,633 SF
      1155 Brand Blvd, Glendale, CA 91202-2546
      View Details
    • Value Estimation
      $2,520,000
      9,681 SF

      1133 Glenoaks Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,681 SF
      1133 Glenoaks Blvd, Glendale, CA 91202-2633
      View Details
    • Value Estimation
      $595,000
      1,496 SF

      511 Glenoaks Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,496 SF
      511 Glenoaks Blvd, Glendale, CA 91202-4048
      View Details
    • Value Estimation
      $2,015,000
      7,648 SF

      1100 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,648 SF
      1100 Central Ave, Glendale, CA 91202-2549
      View Details

    Similar Nearby for Sale

    • $120,000

      Kenneth Village Business Opportunity

      Business opportunity in Glendale's Kenneth Village with high foot traffic.
      1040 West Kenneth Rd, Glendale, CA 91202
      View Details
    • $210,000

      Established Dry Cleaning Business

      Turnkey dry cleaning business for sale in Glendale.
      1225 N Pacific Ave, Glendale, CA 91202
      View Details
    • $40,000

      Established Window Covering Retail Business

      Glendale retail business specializing in premium window coverings for sale.
      561 W Glenoaks Blvd, Glendale, CA 91202
      View Details
    • $65,000

      Established Window Covering Business ForSale

      Well-established window covering business for sale after 40+ years.
      565 W Glenoaks Blvd, Glendale, CA 91202
      View Details
    • $7,400,000

      Glendale Car Wash Investment Opportunity

      Operating car wash with approved expansion plans in prime location.
      5720 San Fernando Rd, Glendale, CA 91202
      View Details
    • $4,695,000
      9,524 SF

      Glendale Multifamily Building with Upside

      Meticulously maintained 10-unit apartment building in a desirable Glendale location.
      1207 N Columbus Ave, Glendale, CA 91202
      View Details

    Similar Nearby for Lease

    • $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
    • $33,000

      Freestanding Buildings on Brand Boulevard

      Two commercial buildings with drive-through on prime Brand Boulevard.
      1000 N Brand Blvd, Glendale, CA 91202
      View Details
    • $33,000

      Retail Space on Brand Boulevard

      Retail space for lease at a prominent Glendale intersection.
      1000 North Brand Blvd, Glendale, CA 91202
      View Details
    • Contact for pricing
      1,727 SF

      Glendale Office Space For Rent

      Office space featuring two offices, break room, and parking.
      601 E Glenoaks Blvd, Glendale, CA 91202
      View Details
    • Contact for pricing
      858 SF

      Glendale Office Space For Rent

      Office space available with window offices and open area.
      1110 N Brand Blvd, Glendale, CA 91202
      View Details
    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.
    1008 Pacific Ave
    Glendale, CA 91202-2314
    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!