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Property profile & analytics
OFF-MARKET
Estimated value
$6,860,000
Manufacturing properties
1740 Standard Ave Glendale, CA 91201-2010
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7411572
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Construction
TILT-UP CONCRETE
Total area
11,350 SF
Lot
0.28 ac (12,328 SF)
Zoning code
GLM2
APN
5624-015-030
UPID
US09-7411572
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.21M
Blend (final)
Blend
$6.86M
Owner & transaction history
918 Thompson LLC · 2 yrs held
918 Thompson LLC
since 2023
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
GLM2 · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+69.4%
Neighborhood: shopping center
$6.9M
+55.9%
Office building
$5.9M
+32.2%
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
$6,435,000
ML approach
$6,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,430,000
Current use
RESTAURANT
$7,505,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,910,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$5,855,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$5,845,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,680,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$5,160,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,595,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$6.86M
Range $6.17M – $7.55M · ±10% · vs last sale $7.04M (Jul 20 2023)
Last sale anchor
$7.04M
Jul 20 2023
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
$604 / 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
$33,967
Tax year 2024
Assessed value
$3,013,000
Assessed 2024
Previous assessed
$3,013,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,688,000
Assessed improvement
$1,325,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,350 SF
Lot
0.28 ac (12,328 SF)
Zoning code
GLM2
APN
5624-015-030
UPID
US09-7411572
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM2 · Glendale, CA
Zoning GLM2 · permitted uses
GLM2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.4M
RESTAURANT
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.9M
OFFICE BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.6M
INDUSTRIAL (GENERAL) Current
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
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
918 Thompson LLC
Entity
Mailing address
918 THOMPSON AVE, GLENDALE, CA 91201-2012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
918 Thompson LLC
—
Deed
related
$2,957,000 · The Mortgage Capital Development Corp
Jul 20, 2023
$7,035,000
918 Thompson LLC
Forbello LLC
Grant Deed
$2,891,600 · Lincoln Capital Management LLC
Jan 27, 2012
—
Forbello LLC
Fortner,jimmie D
Grant Deed
—
Aug 22, 2011
—
Jimmie D Fortner
Fortner,dolores
Quit Claim Deed
related
—
Aug 15, 2011
—
Dolores Fortner
Fortner E D & D Family Trust
Quit Claim Deed
related
—
Apr 14, 2010
—
Jimmie D Fortner
Fortner,eugene D
Affidavit Of Death
related
—
Mar 29, 1989
$290,000
Eugene D Fortner
Boyd William W A
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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