New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Retail space
416 Colorado St Glendale, CA 91205-5107
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7010587
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Construction
TILT-UP CONCRETE
Total area
6,000 SF
Lot
0.14 ac (5,945 SF)
Zoning code
GLCM*
APN
5641-004-006
UPID
US09-7010587
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
-
Western Drug Production Facility
-
Sunshine Solar NRG Solar Energy Company
-
Dr. Rony Dekermenjian Physician Medical Clinic
-
Garnik Yegyan Physician Medical Clinic
-
Benefits of Piano Lessons Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.76M
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$4.00M
Owner & transaction history
Agajanian Gallery LLC
Agajanian Gallery LLC
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
GLCM* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+28.4%
Neighborhood: shopping center
$3.7M
+18.1%
Office building
$3.1M
+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
$3,595,000
ML approach
$3,755,000
CAP Approach
CAP Return
Estimation
6%
$3,735,000
6.5%
$3,450,000
7%
$3,200,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,090,000
Current use
RESTAURANT
$3,970,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,650,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$3,095,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,000,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$2,725,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.50M (Jul 22 2025)
Last sale anchor
$4.50M
Jul 22 2025
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
$667 / 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
$27,427
Tax year 2024
Assessed value
$2,468,400
Assessed 2024
Previous assessed
$2,468,400
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,326,000
Assessed improvement
$1,142,400
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
3
Total area
6,000 SF
Lot
0.14 ac (5,945 SF)
Zoning code
GLCM*
APN
5641-004-006
UPID
US09-7010587
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
RETAIL STORES Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
RETAIL STORES Current
RESTAURANT
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
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Agajanian Gallery LLC
Entity
Mailing address
1731 W GLENOAKS BLVD STE #101, GLENDALE, CA 91201-3300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 22, 2025
$4,500,000
Agajanian Gallery LLC
416 Colorado LLC
Grant Deed
$2,299,831 · Harvest Small Business Finance LLC
Oct 22, 2025
—
Damaromo Business Enterprise INC
Agajanian Gallery LLC
Deed
$1,886,000 · Business Finance Capital
Mar 10, 2023
$3,720,000
416 Colorado LLC
Larvvs Investments LLC
Grant Deed
$4,625,000 · Byline Bank
Feb 15, 2018
—
Larvvs Investments LLC
—
Deed
related
$2,000,000 · Jp Morgan Chase Bk
Jul 28, 2014
$1,990,000
Larvvs Investments LLC
Agop Aintablian
Grant Deed
$796,000 · Jpmorgan Chase Bank NA
May 17, 2004
—
Agop Aintablian
Aintablian,ludovica
Quit Claim Deed
related
—
Apr 17, 2003
—
Agop Aintablian
Heinz Co #5
Grant Deed
$550,000 · Bank Of America
Jan 15, 1988
$545,500
Agop And Aintablian
Unknown
Grant Deed
—
—
—
Larvvs Investments LLC
—
Deed Of Trust
related
$322,300 · Jp Morgan Chase Bk
—
—
Larvvs Investments LLC
—
Deed Of Trust
related
$820,000 · California Statewide Certified
—
—
Larvvs Investments LLC
—
Deed Of Trust
related
$2,000,000 · Jp Morgan Chase Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 416 Colorado St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
