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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Manufacturing properties
517 Commercial St Glendale, CA 91203-1509
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6534926
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Construction
TILT-UP CONCRETE
Total area
7,341 SF
Lot
0.22 ac (9,630 SF)
Zoning code
GLM2YY
APN
5638-008-039
UPID
US09-6534926
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
-
Recording Connection Audio Institute Vocational School Training Center
-
Split 20 Studios Film Production Television Studio
-
Freight Capital INC Logistics Company Freight Service
-
Arm Security System INC Security Service
-
The Abstract Recording Studios LLC Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.54M
Owner & transaction history
517 Commercial LLC · 4 yrs held
517 Commercial LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
GLM2YY · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+32.2%
Retail stores
$3.8M
+32.0%
Auto repair, garage
$3.7M
+28.2%
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
$2,355,000
ML approach
$2,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,865,000
Current use
OFFICE BUILDING
$3,790,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$3,780,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,675,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$3,335,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,970,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.70M (May 25 2022)
Last sale anchor
$2.70M
May 25 2022
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
$345 / 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
$31,355
Tax year 2024
Assessed value
$2,809,080
Assessed 2024
Previous assessed
$2,809,080
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,685,448
Assessed improvement
$1,123,632
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,341 SF
Lot
0.22 ac (9,630 SF)
Zoning code
GLM2YY
APN
5638-008-039
UPID
US09-6534926
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM2YY · Glendale, CA
Zoning GLM2YY · permitted uses
GLM2YY · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
517 Commercial LLC
Entity
Mailing address
511 COMMERCIAL ST, GLENDALE, CA 91203-1509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
—
517 Commercial LLC
—
Deed
related
$1,122,000 · Cdc Small Business Finance Corp
May 25, 2022
$2,700,000
517 Commercial LLC
Diego Gracia
Grant Deed
$1,362,000 · First Citizens Bank & Trust Co
Jul 3, 2019
—
Protector,marlen A 2013 Trust
—
Deed
related
$775,000 · Commercewest Bk
Jun 28, 2019
—
Diego Garcia
—
Deed
related
$775,000 · Commercewest Bank
Jul 29, 2013
—
Ayala,marlen 2013 Trust
Ayala,marlen
Quit Claim Deed
related
—
Apr 30, 2013
—
Marlen Ayala
Marlen Ayala
Intrafamily Transfer
related
$525,000 · Pacific Premier Bank
Nov 18, 2008
—
Ayala Trust
Ayala,ernest T & Marlen
Quit Claim Deed
related
—
Dec 2, 2004
$680,000
Ernest T Ayala
Lown David D Trust
Grant Deed
$442,000 · Lown David D Trust 006329
Feb 24, 2004
—
Lown,tr
Lown,david D
Quit Claim Deed
related
—
Apr 9, 1993
—
Russell,dorothy Tr Et Al
—
Deed Of Trust
related
—
Mar 24, 1993
—
Lown,david Tr Et Al
—
Deed Of Trust
related
—
Jun 9, 1992
—
Lown,david Tr Et Al
—
Deed Of Trust
related
—
May 22, 1992
—
Lown David Tr Et Al
—
Deed Of Trust
related
—
—
—
Protector,marlen A 2013 Trust
—
Deed Of Trust
related
$775,000 · Commercewest Bk
—
—
Ayala Trust
—
Deed Of Trust
related
$442,000 · Allan Entous 401k P/s Plan
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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