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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Retail space
3237 Verdugo Rd Glendale, CA 91208-1633
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6921121
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Construction
WOOD
Total area
1,470 SF
Lot
0.06 ac (2,549 SF)
Zoning code
GLC3*
APN
5615-016-003
UPID
US09-6921121
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
-
Markarian Realty Real Estate Agency
-
Markarian Realty Group Real Estate Agency
-
Vic Markarian Realty Group Real Estate Agency
-
Your Home SOLD Guaranteed or I'll Buy It* Vic Markarian Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$940k
Owner & transaction history
Markarian Family Trust · 5 yrs held
Markarian Family Trust
since 2020
Last sale
$900,009
7 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$895,000
+18.1%
Office building
$760,000
+0.2%
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
$985,000
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
RETAIL STORES
$755,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$760,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$735,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $900k (Dec 23 2020)
Last sale anchor
$900k
Dec 23 2020
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
$639 / 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
$10,589
Tax year 2024
Assessed value
$955,087
Assessed 2024
Previous assessed
$955,087
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$668,561
Assessed improvement
$286,526
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,470 SF
Lot
0.06 ac (2,549 SF)
Zoning code
GLC3*
APN
5615-016-003
UPID
US09-6921121
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
RETAIL STORES Current
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
OFFICE BUILDING
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$670,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1954
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Markarian Family Trust
Trust
Mailing address
1500 OPECHEE WAY, GLENDALE, CA 91208-1940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
—
Vartan A Markarian
—
Deed
related
$550,000 · Us Bank NA
Dec 23, 2020
$900,000
Markarian Family Trust
David Krohn
Grant Deed
—
Nov 4, 2020
—
David Krohn
Under The Rainbow LLC
Quit Claim Deed
—
Sep 14, 2016
—
Under Rainbow LLC
Krohn,david & Alisa
Grant Deed
—
Sep 13, 2016
—
David Krohn
David Krohn
Intrafamily Transfer
related
$266,600 · Glendale Area Schools FCU
Jun 24, 2002
$345,000
David Krohn
Hesami,esmail
Grant Deed
$241,500 · Golden Security Bank
Aug 18, 1992
$220,000
Esmail Hessami
Havlik,evelyn G
Grant Deed
$152,000 · Wells Fargo Bank
—
—
Esmail Hessami
—
Deed Of Trust
related
$145,188 · Wells Fargo 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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