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Property profile & analytics
OFF-MARKET
Estimated value
$95,195,000
Investment properties
318 Wilson Ave Glendale, CA 91203-2537
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7006186
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Construction
WOOD
Total area
189,663 SF
Lot
1.36 ac (59,384 SF)
Zoning code
GLC2*
APN
5637-009-077
UPID
US09-7006186
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
-
The Harrison Glendale Apartments Loan Service
-
Paramount Family Clinics: Rezai Mohammad R DC Alternative Medicine Practice
-
MACRON OFFSHORE TECHNOLOGY Construction Company General Contractor
-
Night n Day Mobile Tire Repair and Battery Replacement Glendale Auto Parts Store
-
Malachi Lewis Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$57.78M
Comparable Approach
Comparable
$107.00M
Blend (final)
Blend
$95.20M
Owner & transaction history
Harrison Apartments Property Owner · 5 yrs held
Harrison Apartments Property Owner
since 2021
Last sale
$90.7M
7 recorded transactions
Zoning & alternative use
GLC2* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$125.4M
+63.4%
Neighborhood: shopping center
$115.4M
+50.3%
Office building
$97.9M
+27.5%
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
$92,385,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$62,595,000
6.5%
$57,780,000
7%
$53,655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$76,775,000
Current use
RESTAURANT
$125,420,000
Change: +63% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$115,430,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$97,855,000
Change: +27% · Conversion: Easy
RETAIL STORES
$97,705,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$94,900,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$86,215,000
Change: +12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$74,025,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$95.20M
Range $85.68M – $104.71M · ±10% · vs last sale $90.70M (Mar 12 2021)
Last sale anchor
$90.70M
Mar 12 2021
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
$502 / 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
$1,059,234
Tax year 2024
Assessed value
$96,217,058
Assessed 2024
Previous assessed
$96,217,058
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$21,829,048
Assessed improvement
$74,388,010
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Cooling
OTHER
Units
164
Bathrooms
99
Total area
189,663 SF
Lot
1.36 ac (59,384 SF)
Zoning code
GLC2*
APN
5637-009-077
UPID
US09-7006186
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC2* · Glendale, CA
Zoning GLC2* · permitted uses
GLC2* · 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
COMMERCIAL (GENERAL) Current
Est. value
$76.8M
RESTAURANT
Est. value
$125.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$115.4M
OFFICE BUILDING
Est. value
$97.9M
RETAIL STORES
Est. value
$97.7M
AUTO REPAIR, GARAGE
Est. value
$94.9M
MEDICAL BUILDING
Est. value
$86.2M
INDUSTRIAL (GENERAL)
Est. value
$74.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (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
2017
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
164
Bathrooms
99
Lot
1.36 ac
Current owner
From public records · entity-resolved
Harrison Apartments Property Owner
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$90,700,000
Harrison Apartments Property Owner
Ph Glendale LLC
Grant Deed
$58,411,000 · Berkadia Commercial Mortgage LLC
Nov 2, 2017
—
Ph Glendale LLC
—
Loan Modification
related
$52,500,000 · Miscellaneous Ins Co
Jul 31, 2014
$13,000,130
Ph Glendale LLC
Douglas L Benson
Grant Deed
$52,500,000 · Teachers Insurance & Annuity Association
Jul 31, 2014
—
Benson,douglas L Living Trust
Ardith R Jarrard
Quit Claim Deed
related
—
Oct 3, 2013
—
Ph Glendale LLC
Benson Douglas L Trust
Grant Deed
—
Jun 3, 2009
—
Douglas L Benson
Edwin S Johnston Company
Quit Claim Deed
related
$3,096,495 · Citizens Business Bank
Feb 25, 1998
—
Edwin S Johnston Co
—
Deed Of Trust
related
$4,800,000 · Citizens Business Bank
Mar 10, 1988
—
Edn S Johnston
—
Deed Of Trust
related
$5,575,000 · Glendale Federal Bank
—
—
Edwin S Johnston Co
—
Deed Of Trust
related
$200,000 · Citizens Business 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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