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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Office buildings
317 Brand Blvd Glendale, CA 91204-1701
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-0421826
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Construction
TILT-UP CONCRETE
Total area
5,650 SF
Lot
0.16 ac (7,000 SF)
Zoning code
GLC3*
APN
5641-001-002
UPID
US10-0421826
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
-
Revik Vartanian Physician
-
Dinger City Council Government Office
-
California Sports & Spine Institute (CSSI) Medical Clinic Physician
-
Interventional Spine Care & Orthopedic Regenerative Experts (iSCORE) - Dr. Maxim Moradian Physician
-
Damon's Steak House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Mtmd LLC · 6 yrs held
Mtmd LLC
since 2019
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%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,915,000
Current use
RETAIL STORES
$2,910,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,825,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$2,570,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±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
$315 / 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
$25,099
Tax year 2024
Assessed value
$2,251,622
Assessed 2024
Previous assessed
$2,251,622
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,286,641
Assessed improvement
$964,981
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
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
5,650 SF
Lot
0.16 ac (7,000 SF)
Zoning code
GLC3*
APN
5641-001-002
UPID
US10-0421826
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
OFFICE BUILDING Current
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.6M
OFFICE BUILDING Current
RETAIL STORES
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
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Mtmd LLC
Entity
Mailing address
PO BOX 8323, LA CRESCENTA, CA 91224-0323
Ownership since
2019
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 16, 2019
$3,200,000
Mtmd LLC
Robert N Merette
Grant Deed
$1,625,000 · Cit Bank NA
Jan 6, 2015
$1,600,000
Merette Living Trust
Warme Herb Living Trust
Grant Deed
—
Feb 21, 2014
—
Christopher J Warme
Warme,herbert L
Affidavit Of Death
related
—
Oct 13, 1995
$217,000
Merette,robert N & Gloria D
Reid,william L & Lilla S
Trustees Deed
—
Oct 13, 1995
$108,272
Merette,robert N & Gloria D
Scott,deborah H
Trustees Deed
$585,000 · Smith Trust
Oct 13, 1995
$108,500
Merette,robert N & Gloria D
Poltere,john C
Trustees Deed
—
May 19, 1994
—
Smith D B Al
—
Deed Of Trust
related
—
Nov 8, 1993
—
Poltere John C JR Co Tr Et Al
—
Deed Of Trust
related
—
Apr 8, 1993
—
Reid William
—
Deed Of Trust
related
—
Nov 13, 1989
—
Smith Fmly Tr 1
Smith Daniel B E
Quit Claim Deed
related
—
—
—
Mtmd LLC
—
Deed Of Trust
related
$1,625,000 · Cit Bk NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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