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Property profile & analytics
OFF-MARKET
Estimated value
$495,000
Gas stations
1041 Kenneth Rd Glendale, CA 91202-1440
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6577135
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1959
Total area
1,671 SF
Lot
0.19 ac (8,135 SF)
Zoning code
GLC3*
APN
5629-006-006
UPID
US09-6577135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shell Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$495k
Owner & transaction history
Armag Land Management LLC · 10 yrs held
Armag Land Management LLC
since 2016
7 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$495k
Range $446k – $545k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$296 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$23,696
Tax year 2024
Assessed value
$2,147,102
Assessed 2024
Previous assessed
$2,147,102
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,706,743
Assessed improvement
$440,359
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Total area
1,671 SF
Lot
0.19 ac (8,135 SF)
Zoning code
GLC3*
APN
5629-006-006
UPID
US09-6577135
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3* · Glendale, CAZoning GLC3* · permitted uses
GLC3* · Glendale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Armag Land Management LLC
Entity
Mailing address
901 N GLENDALE AVE, GLENDALE, CA 91206-2130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
Armag Land Management LLC
—
Deed
related
$1,263,421 · Golden Bank NA
Jul 7, 2016
—
Armag Land Management LLC
—
Deed
related
—
Jul 1, 2016
$1,800,000
Armag Land Management LLC
Baboomi,kurrin
Grant Deed
$1,520,000 · Commercial Bk/ca
May 17, 2016
—
Armag Land Management LLC
—
Deed
related
—
Sep 14, 2011
—
Kurrin Baboomi
Baboomi,kurrin
Quit Claim Deed
related
—
May 5, 2008
$467,000
Kurrin Baboonu
Hovakimians,melina
Quit Claim Deed
related
—
Dec 9, 2005
$950,000
Melina Hovakimians
Wade,anthony J & Donna L
Grant Deed
$880,000 · Anthony J & Donna L Wade
Dec 9, 2005
—
Lidik Hovakimian
Baboomi,robert
Grant Deed
related
—
—
—
Armag Land Management LLC
—
Deed Of Trust
related
—
—
—
Armag Land Management LLC
—
Deed Of Trust
related
—
—
—
Lidik Hovakimian
—
Deed Of Trust
related
$832,390 · Anthony J & Donna L Wade
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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