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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Office buildings
216 Jackson St Glendale, CA 91205-1177
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-7901014
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
6,026 SF
Lot
0.17 ac (7,538 SF)
Zoning code
GLC3*
APN
5642-009-017
UPID
US09-7901014
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
-
S Y Lee Associates, Inc. Construction Company
-
Elan Building Co Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Jackson Investment INC · 13 yrs held
Jackson Investment INC
since 2013
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%
$2,110,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,015,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$2,740,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±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
$309 / 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
$25,148
Tax year 2024
Assessed value
$2,253,576
Assessed 2024
Previous assessed
$2,253,576
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,158,982
Assessed improvement
$1,094,594
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,026 SF
Lot
0.17 ac (7,538 SF)
Zoning code
GLC3*
APN
5642-009-017
UPID
US09-7901014
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
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1985
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Jackson Investment INC
Entity
Mailing address
216 S JACKSON ST, GLENDALE, CA 91205-1177
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2013
—
Jackson Investment INC
Sang Yong Lee
Grant Deed
$1,380,000 · Onewest Bank Fsb
Aug 17, 2007
—
Ruben Gamerberg
Caltron Construction INC
Quit Claim Deed
—
Aug 17, 2007
$1,750,000
Sang Y Lee
Gamerberg,ruben
Grant Deed
$1,400,000 · Saehan Bank
Sep 2, 2005
—
Ruben Gamerberg
Garnik Badalyans
Intrafamily Transfer
related
$700,000 · Washington Mutual Bank
Nov 19, 2004
—
Garnik Badalyans
Aghadjanians,arthur
Quit Claim Deed
related
—
Mar 13, 2003
—
Badalyans,tr
Badalyans,garnik
Quit Claim Deed
related
—
Mar 26, 2002
—
Arthur Aghadjanians
Aghadjanians,a
Quit Claim Deed
related
—
Dec 21, 1999
—
Arthur Aghadjanians
Aghadjanians,a
Quit Claim Deed
related
—
Dec 21, 1999
$650,000
Aghadjanians,arthur
Charles Dunn Capital INC
Trustees Deed
$583,000 · Us Bank NA
Jul 30, 1999
$255,000
Charles Dunn Capital INC
Tchoe,eugene T & Han H
Trustees Deed
related
—
May 12, 1995
$350,000
Eugene T Tchoe
Glendale Federal Bank
Grant Deed
$262,500 · Glendale Federal Bank
Jan 11, 1995
$500,000
Glendale Federal Bank
Sarkissian,vahik M
Trustees Deed
related
—
Dec 21, 1994
—
England Finl New
Sarkissian,v M
Grant Deed
related
—
Jun 1, 1994
—
Vahik M Sarkissian
Sarkissian,e M&l
Quit Claim Deed
related
—
—
—
Garnik Badalyans
—
Deed Of Trust
related
$625,000 · Cnl Commercial Finance INC
—
—
Jackson Investment INC
—
Deed Of Trust
related
$1,050,000 · Uniti Bk
—
—
Garnik Badaliah
—
Deed Of Trust
related
$45,000 · Waltco Of Nevada Psp
—
—
Eugene T Tchoe
—
Deed Of Trust
related
$500,000 · Sumitomo Bank Of California
—
—
Sang Y Lee
—
Deed Of Trust
related
$216,600 · Uniti 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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