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Property profile & analytics
OFF-MARKET
Estimated value
$5,825,000
Office buildings
406 Colorado St Glendale, CA 91205-1605
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0410769
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1932
Construction
WOOD
Total area
7,840 SF
Lot
0.56 ac (24,269 SF)
Zoning code
GLCM*
APN
5641-004-007
UPID
US10-0410769
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
-
Dr. Christy Dolinay Physician
-
Carelon Health Care Center Medical Clinic
-
Imperial Physical Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.83M
Owner & transaction history
Opus Glendale LLC · 1 yrs held
Opus Glendale LLC
since 2024
Last sale
$5.8M
3 recorded transactions
Zoning & alternative use
GLCM* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+28.2%
Neighborhood: shopping center
$4.8M
+18.0%
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
$5,825,000
ML approach
$5,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,045,000
Current use
RESTAURANT
$5,185,000
Change: +28% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,770,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$4,040,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,925,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$3,565,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.83M
Range $5.24M – $6.41M · ±10% · vs last sale $5.83M (Sep 25 2024)
Last sale anchor
$5.83M
Sep 25 2024
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
$743 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,201
Tax year 2023
Assessed value
$1,020,269
Assessed 2024
Previous assessed
$1,000,387
+2.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$406,186
Assessed improvement
$614,083
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1932
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
7,840 SF
Lot
0.56 ac (24,269 SF)
Zoning code
GLCM*
APN
5641-004-007
UPID
US10-0410769
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCM* · Glendale, CA
Zoning GLCM* · permitted uses
GLCM* · 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
$4.0M
RESTAURANT
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
RETAIL STORES
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1932
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Opus Glendale LLC
Entity
Mailing address
600 W KENNETH RD, GLENDALE, CA 91202-1407
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
$5,825,000
Opus Glendale LLC
Western Pioneer Sales Co
Grant Deed
$4,400,000 · Golden State Bank
—
—
Western Pioneer Sales Co
—
Deed Of Trust
related
$709,314 · Carlson Trust
Jul 2, 1962
—
Western Pioneer Sales Co
—
Grant Deed
related
—
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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