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    Property profile & analytics

    232 Brand Blvd Glendale, CA 91203-2610

    • Retail space
    • 4,000 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $1,430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0416682
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Laura's Corset Shoppe / Clothing & Fashion Store
    • Warby Parker Glendale / (Bike/Boat/Book/etc) Store
    • Dr. Angela Fu, A Professional O.D. Corporation / Physician
    • Henny Flower Delivery Glendale / (Bike/Boat/Book/etc) Store
    • Zareh Simonian / Physician

    Property Details for 232 Brand Blvd

    Year built
    1937
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Property size
    4,000 SF
    Zone code
    GLC3YY
    Property type
    Retail space
    APN
    5642-016-064
    APU
    5642016064

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,060,000
      Current use
      OFFICE BUILDING
      $2,065,000
      Change: +0% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,000,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $1,820,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.255
    Latitude
    34.1494
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,116
    $961,456
    $480,724
    $1,442,180
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,130,000
      7,307 SF

      425 Brand Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,307 SF
      425 Brand Blvd, Glendale, CA 91203-2305
      View Details
    • Value Estimation
      $1,995,000
      5,500 SF

      409 Brand Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      409 Brand Blvd, Glendale, CA 91203-2305
      View Details
    • Value Estimation
      $4,365,000
      12,321 SF

      205 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,321 SF
      205 Central Ave, Glendale, CA 91203-2510
      View Details
    • Value Estimation
      $1,550,000
      6,000 SF

      212 Orange St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      212 Orange St, Glendale, CA 91203-2612
      View Details
    • Value Estimation
      $895,000
      2,718 SF

      469 Burchett St

      RETAIL STORES (PERSONAL SERVICES) • 2,718 SF
      469 Burchett St, Glendale, CA 91203-1357
      View Details
    • Value Estimation
      $690,000
      1,670 SF

      119 California Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,670 SF
      119 California Ave, Glendale, CA 91203-2211
      View Details

    Similar Nearby for Sale

    • $300,000

      Glendale Restaurant Business Opportunity

      Fully operational poke restaurant in the heart of Glendale, California.
      106 W California Ave, Glendale, CA 91203
      View Details
    • Contact for pricing
      133,748 SF

      Glendale Office Building - 133,748 SF

      Prime Glendale Office Space, High Occupancy
      701 Brand Blvd, Glendale, CA 91203
      View Details
    • $14,960,000
      43,365 SF

      Glendale Office Buildings For Sale

      Prime Glendale location, two buildings, 43,365 SF
      320 Arden Ave, Glendale, CA 91203
      View Details
    • $225,000
      Pending

      Land For Sale

      Land available for sale.
      241 N Brand Blvd, Glendale, CA 91203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,446 SF

      Prime Retail Space on Brand

      Class A retail space in Glendale's Central Business District.
      505 N Brand Blvd, Glendale, CA 91203
      View Details
    • $3 SF/Yr
      2,053 SF

      Retail Space on Brand Boulevard

      Retail space available for lease on North Brand Boulevard.
      611 North Brand Blvd, Glendale, CA 91203
      View Details
    • Contact for pricing
      15,661 SF

      Glendale Retail Space Available

      Retail space available in Glendale with high traffic and parking.
      535 N Brand Blvd, Glendale, CA 91203
      View Details
    • $38 SF/Yr

      Glendale Fitness Center Space

      1,240 sq ft Retail Fitness Space
      450 Brand Blvd, Glendale, CA 91203
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Available For Rent

      Retail space available for lease in Glendale, California.
      130-144 N Central Ave, Glendale, CA 91203
      View Details
    • $48 SF/Yr
      8,315 SF

      Brand Blvd Glendale Retail Space

      Prime Glendale retail/office opportunity.
      450 Brand Blvd, Glendale, CA 91203
      View Details
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    Glendale, CA 91203-2610
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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