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Property profile & analytics
OFF-MARKET
Estimated value
$11,995,000
Motels
1510 Colorado St Glendale, CA 91205-1514
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-0397894
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1992
Construction
WOOD
Total area
34,436 SF
Lot
0.85 ac (36,901 SF)
Zoning code
GLCM*
APN
5680-021-031
UPID
US10-0397894
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
-
Theodore Roosevelt midle school High School
-
Glendale Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.00M
Owner & transaction history
1510 Colorado LLC · 4 yrs held
1510 Colorado LLC
since 2022
Last sale
$15.0M
3 recorded transactions
Zoning & alternative use
GLCM* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.8M
+22.6%
Retail stores
$17.7M
+22.4%
Auto repair, garage
$17.2M
+18.9%
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
$15,855,000
ML approach
$8,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,495,000
Current use
OFFICE BUILDING
$17,765,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$17,740,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,230,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$15,655,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,940,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$12.00M
Range $10.80M – $13.19M · ±10% · vs last sale $15.00M (May 31 2022)
Last sale anchor
$15.00M
May 31 2022
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
$348 / 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
$172,954
Tax year 2024
Assessed value
$15,606,000
Assessed 2024
Previous assessed
$15,606,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,598,568
Assessed improvement
$11,007,432
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
NONE
Stories
3
Units
62
Total area
34,436 SF
Lot
0.85 ac (36,901 SF)
Zoning code
GLCM*
APN
5680-021-031
UPID
US10-0397894
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCM* · Glendale, CA
Zoning GLCM* · permitted uses
GLCM* · 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
HOTEL/MOTEL Current
Est. value
$14.5M
OFFICE BUILDING
Est. value
$17.8M
RETAIL STORES
Est. value
$17.7M
AUTO REPAIR, GARAGE
Est. value
$17.2M
MEDICAL BUILDING
Est. value
$15.7M
COMMERCIAL (GENERAL)
Est. value
$13.9M
HOTEL/MOTEL Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1992
Construction
WOOD
Heating
NONE
Stories
3
Units
62
Lot
0.85 ac
Current owner
From public records · entity-resolved
1510 Colorado LLC
Entity
Mailing address
PO BOX 27397, LOS ANGELES, CA 90027-0397
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
—
1510 Colorado LLC
—
Deed
related
$1,500,000 · American Plus Bank NA
May 31, 2022
$15,000,000
1510 Colorado LLC
Wismax LLC
Grant Deed
$9,300,000 · American Plus Bank NA
Nov 6, 2008
—
Wismax LLC
Yau,chai W
Grant Deed
—
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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