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Property profile & analytics
OFF-MARKET
Estimated value
$4,185,000
Parking lots & garages
418 Colorado St Glendale, CA 91205-1605
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7420364
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1968
Total area
6,000 SF
Lot
0.14 ac (6,286 SF)
Zoning code
GLCM*
APN
5641-004-005
UPID
US09-7420364
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.19M
Owner & transaction history
Damaromo Business Enterprise INC
Damaromo Business Enterprise INC
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
+58.8%
Neighborhood: shopping center
$3.7M
+46.1%
Office building
$3.1M
+23.9%
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
$2,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,970,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,650,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$3,095,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$3,090,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,000,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$2,725,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$4.19M
Range $3.77M – $4.60M · ±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
$698 / 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
$14,634
Tax year 2024
Assessed value
$1,326,000
Assessed 2024
Previous assessed
$1,326,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,326,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1968
Heating
NONE
Total area
6,000 SF
Lot
0.14 ac (6,286 SF)
Zoning code
GLCM*
APN
5641-004-005
UPID
US09-7420364
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCM* · Glendale, CAZoning GLCM* · permitted uses
GLCM* · Glendale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.7M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1968
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Damaromo Business Enterprise INC
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
Damaromo Business Enterprise INC
Agajanian Gallery LLC
Deed
—
Oct 22, 2025
$4,500,000
Agajanian Gallery LLC
416 Colorado LLC
Grant Deed
$2,299,831 · Harvest Small Business Finance LLC
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
—
Grant 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
Apr 17, 2003
—
Agop Aintablian
Heinz Co #5
Grant Deed
$550,000 · Bank Of America
Feb 23, 1995
—
5 Heinz
Thateossian,georgia Tr
Grant Deed
related
—
Dec 29, 1993
—
Thateossian,georgia Trust
Aintablian,a&l
Grant Deed
related
—
Jan 15, 1988
$92,500
Aintablian Agop
Carou
Trustees Deed
—
Jan 15, 1988
$545,500
Carousel Realty
Orfil
Trustees Deed
related
—
—
—
Aintablian Agop
—
Deed Of Trust
related
$100,000 · Orfilacolato Inv
—
—
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
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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