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Property profile & analytics
OFF-MARKET
Estimated value
$16,065,000
Medical Office Space
1510 Central Ave Glendale, CA 91204-2500
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9186317
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
70,773 SF
Lot
0.5 ac (21,821 SF)
Zoning code
GLC7
APN
5640-028-047
UPID
US09-9186317
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
-
Cognitive Behavioral Therapy Los Angeles - Glendale Physician Medical Clinic
-
Academic Medical Research Institute Research Institute
-
John Khoury, MD Physician
-
Paul La Porte, MD Physician
-
Dr. Michael Habashy MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.07M
Owner & transaction history
Medproperties Glendale LLC · 4 yrs held
Medproperties Glendale LLC
since 2021
7 recorded transactions
Zoning & alternative use
GLC7 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$19,040,000
6.5%
$17,575,000
7%
$16,320,000
Blend value · Realmo final
$16.07M
Range $14.46M – $17.67M · ±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
$227 / 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
$351,100
Tax year 2024
Assessed value
$31,836,240
Assessed 2024
Previous assessed
$31,836,240
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$5,805,432
Assessed improvement
$26,030,808
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Total area
70,773 SF
Lot
0.5 ac (21,821 SF)
Zoning code
GLC7
APN
5640-028-047
UPID
US09-9186317
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC7 · Glendale, CA
Zoning GLC7 · permitted uses
GLC7 · 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.
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Lot
0.5 ac
Current owner
From public records · entity-resolved
Medproperties Glendale LLC
Entity
Mailing address
2300 N FLD ST STE #2150, DALLAS, TX 75201-2478
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Medproperties Glendale LLC
—
Deed
related
$21,391,500 · Capital One Bank NA
Sep 10, 2021
—
Medproperties Glendale LLC
Mob II LLC
Grant Deed
$18,500,000 · Capital One NA
Feb 1, 2019
$23,774,545
Dignity Community Care
Dignity Health
Grant Deed
—
Nov 2, 2018
—
Glendale Mob II LLC
—
Deed
related
$7,985,000 · Miscellaneous Ins Co
Dec 12, 2017
—
Glendale Mob II LLC
—
Loan Modification
related
$5,100,000 · Manufacturers Bk
Dec 31, 2012
—
Dignity Health
Dignity Health
Quit Claim Deed
related
—
—
—
Glendale Mob II LLC
—
Deed Of Trust
related
$7,985,000 · Miscellaneous Ins Co
—
—
Glendale Mob II LLC
—
Deed Of Trust
related
$5,100,000 · Manufacturers Bank
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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