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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Warehouses
1650 Victory Blvd Glendale, CA 91201-2939
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7411369
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
TILT-UP CONCRETE
Total area
11,756 SF
Lot
0.34 ac (14,951 SF)
Zoning code
GLC3*
APN
5626-012-032
UPID
US09-7411369
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
-
Zander-Greg West Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
1650 Victory Blvd LLC · 4 yrs held
1650 Victory Blvd LLC
since 2021
7 recorded transactions
Zoning & alternative use
GLC3* · 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%
$2,770,000
6.5%
$2,560,000
7%
$2,375,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,455,000
Current use
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±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
$205 / 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
$38,727
Tax year 2024
Assessed value
$3,443,724
Assessed 2024
Previous assessed
$3,443,724
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,403,324
Assessed improvement
$1,040,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,756 SF
Lot
0.34 ac (14,951 SF)
Zoning code
GLC3*
APN
5626-012-032
UPID
US09-7411369
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
WAREHOUSE, STORAGE Current
Est. value
$3.5M
WAREHOUSE, STORAGE Current
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
1650 Victory Blvd LLC
Entity
Mailing address
1650 VICTORY BLVD, GLENDALE, CA 91201-2939
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
1650 Victory Blvd LLC
—
Deed
related
$1,342,000 · The Mortgage Capital Development Corp
Aug 31, 2021
—
1650 Victory Blvd LLC
Arthur Berberian
Grant Deed
$1,655,000 · American Business Bank
May 14, 2021
$3,310,000
Arthur Berberian
Sean P Caughron
Grant Deed
$1,986,000 · Lone Oak Fund LLC
Jan 15, 2021
—
Sean P Caughron
Caughron Robert H 2012 Trust
Quit Claim Deed
related
—
Jun 15, 2020
—
Caughron,robert H 2012 Trust
Caughron Of Unsworth Family LP
Quit Claim Deed
$718,000 · Citizens Busn Bk
Jun 15, 2020
$718,000
Caughran,robert H 2012 Trust
Caughron Robert H 2012 Trust
Grant Deed
$718,000 · Citizens Business Bank
Jan 29, 2013
—
Caughron Of Unsworth Family LP
Caughron,robert
Quit Claim Deed
related
—
Feb 6, 1997
$765,000
Robert Caughron
Newburg Trust
Grant Deed
$650,250 · Newburg Trust
Oct 21, 1993
—
Newburg,ronald Tr
—
Deed Of Trust
related
—
Jul 28, 1971
$67,000
—
—
Grant Deed
related
—
—
—
Caughron Of Unsworth Family LP
—
Deed Of Trust
related
$1,185,000 · Citizens Business Bank
—
—
Seans Trust
—
Deed Of Trust
related
$718,000 · Citizens Busn Bk
—
—
Robert Caughron
—
Deed Of Trust
related
$550,000 · Mellon First Business Bank
—
—
Robert Caughron
—
Deed Of Trust
related
$449,000 · Citizens Business 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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