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Property profile & analytics
FOR LEASE
Office buildings
225 W Broadway Glendale, CA 91204
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6354440
No photos on file
For Lease
$22,700,000
225 W Broadway, Glendale, CA 91204
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Construction
CONCRETE
Total area
121,948 SF
Lot
1.76 ac (76,547 SF)
Zoning code
GIC3*
APN
5642-002-056
UPID
US09-6354440
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
-
A-Team Tax & Accounting Tax Preparation
-
Designs By Arman Interior Design Home Decor Store
-
Impact Software Inc (Bike/Boat/Book/etc) Store Corporate Office
-
ENERGYLOGICS Inc. Engineering Consultant
-
Dr. Patricia Masuda-Story Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.70M
Owner & transaction history
Hacienda Associates LP · 3 yrs held
Hacienda Associates LP
since 2022
Last sale
$27.5M
7 recorded transactions
Zoning & alternative use
GIC3* · 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
$22,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$22.70M
Range $20.43M – $24.97M · ±10% · vs last sale $27.50M (Jun 3 2022)
Last sale anchor
$27.50M
Jun 3 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
$186 / 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
$336,837
Tax year 2024
Assessed value
$28,611,000
Assessed 2024
Previous assessed
$28,611,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$10,924,200
Assessed improvement
$17,686,800
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 (MULTI-STORY)
Status
For Lease
Year built
1980
Construction
CONCRETE
Heating
NONE
Total area
121,948 SF
Lot
1.76 ac (76,547 SF)
Zoning code
GIC3*
APN
5642-002-056
UPID
US09-6354440
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GIC3* · Glendale, CA
Zoning GIC3* · permitted uses
GIC3* · 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.
Building & site characteristics
From public records
Year built
1980
Construction
CONCRETE
Heating
NONE
Lot
1.76 ac
Current owner
From public records · entity-resolved
Hacienda Associates LP
Entity
Mailing address
468 N CAMDEN DR STE #300, BEVERLY HILLS, CA 90210-4562
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2022
—
Hacienda Associates LP
Hyun 1996 2 Family Limited Partners
Correction Deed
related
—
Jun 3, 2022
$27,500,000
Hacienda Associates LP
Hyun 1996 2 Family LP
Grant Deed
$18,200,000 · East West Bank
Jul 17, 2014
—
The Hyun 1996-2 Family Limited Part
Ag/cambra 225 Broadway LLC
Grant Deed
$17,700,000 · Citizens Business Bank
Jul 27, 2007
$32,675,000
Ag Of Cambra 225 Broadway LLC
Liberty Mutual Plaza IV LLC
Deed Of Trust
$25,335,000 · Capmark Bank
Sep 24, 2002
—
Liberty Mutual Plaza IV LLC
Lba-vf III LLC
Trustees Deed
$15,050,000 · Far East National Bank
Jul 24, 2001
—
Lba-vf Iiia LLC
Lba-vf II LLC
Quit Claim Deed
related
—
Jun 15, 1999
—
Lba-vf LLC
—
Deed Of Trust
related
$50,000,000 · Union Bank Of California
Mar 25, 1999
$15,765,000
Lba-vf II
Glendale Financial Sq
Grant Deed
—
Jan 10, 1989
—
Gle Finl Square
Gle
Quit Claim Deed
related
—
—
—
Lba-vf III LLC
—
Deed Of Trust
related
$195,000 · Sunamerica Life Insurance Co
—
—
Ag Of Cambra 225 Broadway LLC
—
Deed Of Trust
related
$14,000,000 · Nxt Capital LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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