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Property profile & analytics
OFF-MARKET
Estimated value
$9,055,000
Individual retail properties
515 Broadway Glendale, CA 91204-1119
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2042378
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
1966
Total area
25,302 SF
Lot
1.25 ac (54,631 SF)
Zoning code
GLC3R4*
APN
5638-001-083
UPID
US09-2042378
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
-
A. Andrew Churukian: Allstate Insurance Insurance Agency
-
The Stepanian Law Firm APC Law Firm
-
Katsin Restaurant and Dining Bar Restaurant
-
Tractionify (Bike/Boat/Book/etc) Store Corporate Office
-
All Six Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.06M
Owner & transaction history
Broadway Vestalia LLC · 7 yrs held
Broadway Vestalia LLC
since 2019
1 recorded transaction
Zoning & alternative use
GLC3R4* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$13,035,000
Current use
OFFICE BUILDING
$13,055,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,660,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$11,500,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.06M
Range $8.15M – $9.96M · ±10%
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
$358 / 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 2017Property tax & assessments
Tax year 2017
Assessed value
$12,183,000
Assessed 2016
Previous assessed
$12,183,000
+0.0% YoY
Assessed land
$9,137,250
Assessed improvement
$3,045,750
Applied tax rate
11.0000
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
Individual retail properties
Use group
APPLIANCE STORE
Status
Off-Market
Year built
1966
Heating
NONE
Stories
1
Total area
25,302 SF
Lot
1.25 ac (54,631 SF)
Zoning code
GLC3R4*
APN
5638-001-083
UPID
US09-2042378
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3R4* · Glendale, CAZoning GLC3R4* · permitted uses
GLC3R4* · 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
RETAIL STORES Current
Est. value
$13.0M
OFFICE BUILDING
Est. value
$13.1M
AUTO REPAIR, GARAGE
Est. value
$12.7M
MEDICAL BUILDING
Est. value
$11.5M
RETAIL STORES Current
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
1966
Heating
NONE
Stories
1
Lot
1.25 ac
Current owner
From public records · entity-resolved
Broadway Vestalia LLC
Entity
Mailing address
139 LOS ROBLES AVE, PASADENA, CA 91101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2019
—
Broadway Vestalia LLC
—
Grant Deed
related
$58,000,000 · Miscellaneous Ins Co
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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