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Property profile & analytics
OFF-MARKET
Estimated value
$4,965,000
Retail space
1201 Central Ave Glendale, CA 91204-2503
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0411926
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
TILT-UP CONCRETE
Total area
10,061 SF
Lot
0.56 ac (24,201 SF)
Zoning code
GLC3*
APN
5640-006-018
UPID
US10-0411926
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
-
Bona Tiles Big Box & Wholesale Store
-
Citi ATM Atm
-
Citi Bank Loan Service
-
Big O Tires Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.97M
CAP Approach
CAP
$5.78M
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$4.97M
Owner & transaction history
Mnnr Central LLC · 2 yrs held
Mnnr Central LLC
since 2024
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+28.4%
Neighborhood: shopping center
$6.1M
+18.1%
Office building
$5.2M
+0.2%
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
$4,965,000
ML approach
$4,965,000
CAP Approach
CAP Return
Estimation
6%
$6,265,000
6.5%
$5,780,000
7%
$5,370,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,185,000
Current use
RESTAURANT
$6,655,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,125,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$5,190,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,035,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$4,575,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.97M
Range $4.47M – $5.46M · ±10% · vs last sale $4.97M (Jan 17 2024)
Last sale anchor
$4.97M
Jan 17 2024
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
$493 / 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
$6,889
Tax year 2024
Assessed value
$499,657
Assessed 2024
Previous assessed
$499,657
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$319,651
Assessed improvement
$180,006
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
10,061 SF
Lot
0.56 ac (24,201 SF)
Zoning code
GLC3*
APN
5640-006-018
UPID
US10-0411926
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3* · Glendale, CA
Zoning GLC3* · permitted uses
GLC3* · Glendale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.2M
RESTAURANT
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Mnnr Central LLC
Entity
Free & Clear · 2 yrs held
Mailing address
111 E CEDAR AVE STE #203, BURBANK, CA 91502-1952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
$4,966,000
Mnnr Central LLC
Lynn L Rossi
Grant Deed
—
Jan 17, 2024
—
Lynn L Rossi
Lynn L Rossi
Intrafamily Transfer
related
—
Sep 24, 2018
—
Cornwell,ln Legacy Trust
Nugent Family Trust
Quitclaim Deed
related
—
Jul 3, 2018
—
Nugent 1997 Family Trust
Nugent,beverly J
Deed
related
—
Sep 5, 2006
—
Lawson Family Trust
Lawson John M 1980 Trust
Quit Claim Deed
related
—
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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