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    1121 Colorado St Glendale, CA 91205-1308
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    1121 Colorado St Glendale, CA 91205-1308

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    • Retail properties & Spaces
    • 2,601 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Mar 15, 2022
    $2,250,022
    Property ID
    US10-0392990
    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.
    Value Estimations
    $2,180,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kingdom Of Jesus Christ / Church / Mosque
    • Valley Memorial Funeral Services / Social Service Agency
    • Valley Memorial Funeral Home / Social Service Agency

    Property Details for 1121 Colorado St

    Year built
    1946
    Construction
    TILT-UP CONCRETE
    Lot size
    0.11 lot acres
    Property size
    2,601 SF
    Zone code
    GLCM*
    Property type
    Retail properties & Spaces
    APN
    5674-021-008
    APU
    5674021008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,380,000
      ML approach
      $1,845,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,585,000
      OFFICE BUILDING
      $1,340,000
      RETAIL STORES
      $1,340,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.241
    Latitude
    34.1429
    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
    $12,451
    $468,180
    $645,048
    $1,113,228
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,925,000
      210,998 SF

      333 Colorado St

      DEPARTMENT STORE • 210,998 SF
      333 Colorado St, Glendale, CA 91205-1632
      View Details
    • Value Estimation by Request
      1,816 SF

      145 Glendale Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,816 SF
      145 Glendale Ave, Glendale, CA 91205-1108
      View Details
    • Value Estimation by Request
      4,476 SF

      201 Glendale Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,476 SF
      201 Glendale Ave, Glendale, CA 91205-1713
      View Details
    • Value Estimation
      $7,600,000
      83,772 SF

      115 Cypress St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 83,772 SF
      115 Cypress St, Glendale, CA 91205
      View Details
    • Value Estimation by Request
      2,441 SF

      236 Glendale Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,441 SF
      236 Glendale Ave, Glendale, CA 91205-1736
      View Details
    • Value Estimation by Request
      3,184 SF

      1127 Broadway

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,184 SF
      1127 Broadway, Glendale, CA 91205-1315
      View Details

    Similar Nearby for Sale

    • $150,000

      Established Salon on Colorado Street

      Operating Glendale beauty salon for sale with rental income.
      1358 E Colorado St, Glendale, CA 91205
      View Details
    • $3,275,000

      Prime Colorado Street Retail Property

      Retail/commercial property on bustling Colorado Street near Glendale's shopping.
      1134 East Colorado St, Glendale, CA 91205
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    • $495,000
      0.27 Acres

      Residential Lot in Glendale, CA

      Residential lot with city and mountain views in Glendale.
      634 E Cypress St, Glendale, CA 91205
      View Details
    • New
      $1,550,000
      Pending

      Glendale Apartment Building For Sale

      Glendale apartment building with rental upside and recent renovations.
      1246 E Harvard St, Glendale, CA 91205
      View Details
    • $1,789,950
      2,839 SF

      Glendale Quadplex with ADU Potential

      Four-unit building with approved ADU plans in Glendale, CA.
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    Similar Nearby for Lease

    • Contact for pricing
      1,522 SF

      Glendale Office Space Available

      Office space featuring private offices, conference room, and reception area.
      100 W Broadway, Glendale, CA 91205
      View Details
    • Contact for pricing

      Glendale Office Space For Lease

      Office space available for lease in Glendale, California.
      1506 S Glendale Ave, Glendale, CA 91205
      View Details
    • $3 SF/Yr

      Freestanding Office Building in Glendale

      Two-story office building with parking, patio, and server room.
      1506 S Glendale Ave, Glendale, CA 91205
      View Details
    • Contact for pricing

      Industrial Property in Glendale, CA

      100% leased industrial property. No current availability.
      3515 N Verdugo Rd, Glendale, CA 91205
      View Details
    • Contact for pricing
      10,000 SF

      Healthcare Property Available For Rent

      Healthcare property with 10,000 square feet available for rent.
      500 East Colorado St, Glendale, CA 91205
      View Details
    • $3 SF/Yr
      484 SF

      Glendale Office Space Available

      Office space for rent in Glendale, California.
      801 S Chevy Chase Dr, Glendale, CA 91205
      View Details
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    1121 Colorado St
    Glendale, CA 91205-1308
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    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
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