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    Property profile & analytics

    3965 Foothill Blvd Glendale, CA 91214-1621

    • Medical Office Space
    • 1,645 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Jun 24, 2022
    $400,004
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0425969
    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

    • Excel Dental Laboratory / Dental Office
    • Executive Surveillance Services / Security Service

    Property Details for 3965 Foothill Blvd

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    1,645 SF
    Zone code
    GLC3*
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    5603-005-030
    APU
    5603005030

    Description

    This single-tenant property, located at 3965 Foothill Boulevard in La Crescenta-Montrose, California, 91214, offers 1,645 square feet of versatile space. Built in 1962, this one-story building is zoned GLC3* and sits on a lot with APN 5603-005-030 in Los Angeles County. The property's classification includes Retail, Office, Traditional Office, Coworking, and Creative Office uses, making it suitable for a range of businesses. Its central location on Foothill Boulevard provides excellent visibility and accessibility. Currently occupied by an alarm company, this space presents an affordable rental opportunity. The property's single-tenant occupancy simplifies management and provides a stable income stream. The building's age presents an opportunity for potential renovation or modernization to further enhance its value and appeal. Interested parties should note the property's location in Los Angeles County and its convenient access to major transportation routes. The property's versatility and affordable rent make it an attractive investment opportunity for businesses seeking a well-located and functional office space in the thriving Glendale area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.266
    Latitude
    34.2408
    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
    $4,747
    $166,464
    $249,696
    $416,160
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      3507 Foothill Blvd, La Crescenta, CA 91214-1829
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    • Value Estimation by Request
      816 SF

      3730 Foothill Blvd

      MEDICAL BUILDING • 816 SF
      3730 Foothill Blvd, Glendale, CA 91214-1740
      View Details
    • Value Estimation
      $1,190,000
      1,584 SF

      2644 Foothill Blvd

      MEDICAL BUILDING • 1,584 SF
      2644 Foothill Blvd, La Crescenta, CA 91214-3510
      View Details
    • Value Estimation
      $1,240,000
      22,998 SF

      3050 Montrose Ave

      HOMES (RETIRED, NURSING) • 22,998 SF
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    • Value Estimation by Request
      3,676 SF

      3242 Honolulu Ave

      HOMES (RETIRED, NURSING) • 3,676 SF
      3242 Honolulu Ave, Glendale, CA 91214-3327
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    • Value Estimation
      $6,130,000
      17,961 SF

      2540 Foothill Blvd

      OFFICE BUILDING • 17,961 SF
      2540 Foothill Blvd, La Crescenta, CA 91214-4573
      View Details

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    Similar Nearby for Lease

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    Glendale, CA 91214-1621
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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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