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Property profile & analytics
OFF-MARKET
Estimated value
$4,085,000
Warehouses
1521 Railroad St Glendale, CA 91204-2717
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-0409493
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
TILT-UP CONCRETE
Total area
7,652 SF
Lot
0.31 ac (13,414 SF)
APN
5640-042-009
UPID
US10-0409493
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
-
Andora Hill University University
-
HWY Technology Production Facility
-
K & W Sasabe Electric Co Inc Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.09M
Owner & transaction history
1521 Railroad LLC · 5 yrs held
1521 Railroad LLC
since 2021
Last sale
$3.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+125.1%
Neighborhood: shopping center
$4.7M
+107.1%
Office building
$4.0M
+75.6%
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
$4,615,000
ML approach
$4,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,060,000
Change: +125% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,655,000
Change: +107% · Conversion: Moderate
OFFICE BUILDING
$3,950,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$3,940,000
Change: +75% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,830,000
Change: +70% · Conversion: Easy
MEDICAL BUILDING
$3,480,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,100,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±10% · vs last sale $3.88M (May 18 2021)
Last sale anchor
$3.88M
May 18 2021
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
$534 / 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
$45,609
Tax year 2024
Assessed value
$4,112,180
Assessed 2024
Previous assessed
$4,112,180
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,732,610
Assessed improvement
$1,379,570
Applied tax rate
11.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Total area
7,652 SF
Lot
0.31 ac (13,414 SF)
APN
5640-042-009
UPID
US10-0409493
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
1521 Railroad LLC
Entity
Mailing address
1521 S RAILROAD ST #240, GLENDALE, CA 91204-2717
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2021
$3,875,000
1521 Railroad LLC
The Sasabe Group
Grant Deed
$1,937,500 · Wells Fargo Bank NA
May 18, 2021
—
1521 Railroad LLC
—
Deed
related
$1,571,000 · California Statewide Certified Developme
Dec 28, 1999
—
G,sasabe Group
—
Grant Deed
related
$141,500 · Us Bank NA
Nov 25, 1997
—
Sasabe,grp
Sasabe,w
Quit Claim Deed
related
$558,000 · Bank Of Commerce
Nov 2, 1989
$599,000
Wayne Sasabe
Hopki
Grant Deed
$409,500 · East West Bank
—
—
Sasabe Group
—
Deed Of Trust
related
$270,000 · Bank Of Commerce
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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