Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1235 Air Way Glendale, CA 91201

    • Manufacturing properties
    • 11,067 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $1,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7420165
    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

    • Manufacturing properties

    Property Details for 1235 Air Way

    Year built
    1940
    Lot size
    0.51 lot acres
    Property size
    11,067 SF
    Zone code
    GLM2*
    Property type
    Manufacturing properties
    APN
    5627-023-038
    APU
    5627023038

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,885,000
      6.5%
      $1,740,000
      7%
      $1,615,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.286
    Latitude
    34.1631
    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
    $9,310
    $517,960
    $192,950
    $710,910
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,558 SF

      1630-32 Flower St

      Manufacturing properties • 12,558 SF
      1630-32 Flower St, Glendale, CA 91201
      View Details
    • Value Estimation by Request
      12,558 SF

      1630-32 Flower St

      Manufacturing properties • 12,558 SF
      1630-32 Flower St, Glendale, CA 91201
      View Details
    • Value Estimation
      $1,830,000
      13,650 SF

      1230 Air Way

      MANUFACTURING (LIGHT) • 13,650 SF
      1230 Air Way, Glendale, CA 91201-2406
      View Details
    • Value Estimation
      $9,790,000
      60,200 SF

      521 Cir 7th Dr

      MANUFACTURING (LIGHT) • 60,200 SF
      521 Cir 7th Dr, Glendale, CA 91201-2330
      View Details
    • Value Estimation
      $4,750,000
      42,318 SF

      6921 San Fernando Rd

      MANUFACTURING (LIGHT) • 42,318 SF
      6921 San Fernando Rd, Glendale, CA 91201-1608
      View Details
    • Value Estimation
      $565,000
      6,880 SF

      1329 Grand Central Ave

      MANUFACTURING (LIGHT) • 6,880 SF
      1329 Grand Central Ave, Glendale, CA 91201-2427
      View Details

    Similar Nearby for Sale

    • $6,650,000
      12,558 SF

      Glendale Executive Office Building

      Prime Glendale location, 12,558 SF office/production facility.
      1630-32 Flower St, Glendale, CA 91201
      View Details
    • $6,650,000
      12,558 SF

      Glendale Production Facility For Sale

      12,558 SF production facility with soundstage, post and audio rooms.
      1630-1632 Flower St, Glendale, CA 91201
      View Details
    • Contact for pricing
      56,873 SF

      Creative Office Building For Sale

      Creative office building with flexible development potential for industrial/flex.
      6265 San Fernando Rd, Glendale, CA 91201
      View Details
    • $1,399,993
      Pending

      Glendale Commercial Property with Dual Parcels

      Two adjacent buildings offer flexibility for business or investment purposes.
      1812 Victory Blvd, Glendale, CA 91201
      View Details
    • $12,500,000

      Elm Avenue Commercial Property

      Commercial property for sale in Glendale, California.
      1160 Elm Ave, Glendale, CA 91201
      View Details
    • $350,000

      Glendale Restaurant Business Opportunity

      Established pizza restaurant for sale in Glendale near Burbank.
      6520 San Fernando Rd, Glendale, CA 91201
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      12,558 SF

      Glendale Executive Office Space

      12,558 SF Office/Retail, 24 Parking Spaces
      1630-32 Flower St, Glendale, CA 91201
      View Details
    • Contact for pricing
      42,353 SF

      Glendale Office Space For Rent

      First floor office space available for rent in Glendale.
      1840 Victory Blvd, Glendale, CA 91201
      View Details
    • Contact for pricing
      1,886 SF

      Retail Space Available For Lease

      Retail space for lease, no food use allowed.
      1427 W Glenoaks Blvd, Glendale, CA 91201
      View Details
    • Contact for pricing

      Glendale Office Space For Rent

      Private office space in Northwest Glendale near transportation and entertainment.
      1243 West Glenoaks Blvd, Glendale, CA 91201
      View Details
    • $2 SF/Yr
      1,493 SF

      Glendale Office Suite For Rent

      Office suite featuring private offices and open area.
      1314 W Glenoaks Blvd, Glendale, CA 91201
      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.
    1235 Air Way
    Glendale, CA 91201
    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.