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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Manufacturing properties
521 Commercial St Glendale, CA 91203-1509
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0408870
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1946
Construction
TILT-UP CONCRETE
Total area
5,284 SF
Lot
0.2 ac (8,806 SF)
Zoning code
GLM2*
APN
5638-008-040
UPID
US10-0408870
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
-
Cash Now Payday Loans Loan Service
-
Noteworthy Moving Systems Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Aa Event Properties LLC
Aa Event Properties LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
GLM2* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+69.4%
Neighborhood: shopping center
$3.2M
+55.9%
Office building
$2.7M
+32.2%
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
$3,520,000
ML approach
$3,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,495,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,215,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$2,725,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$2,720,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,645,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$2,400,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,140,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $3.52M (Nov 8 2024)
Last sale anchor
$3.52M
Nov 8 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
$666 / 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
$4,366
Tax year 2024
Assessed value
$338,488
Assessed 2024
Previous assessed
$338,488
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$295,389
Assessed improvement
$43,099
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
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,284 SF
Lot
0.2 ac (8,806 SF)
Zoning code
GLM2*
APN
5638-008-040
UPID
US10-0408870
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM2* · Glendale, CA
Zoning GLM2* · permitted uses
GLM2* · 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
RESTAURANT
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Aa Event Properties LLC
Entity
Mailing address
213 N ORANGE ST STE A, GLENDALE, CA 91203-2665
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2025
—
Aa Event Properties LLC
—
Deed
related
$2,110,000 · First Citizens Bank & Trust Co
Jul 25, 2025
$2,885,000
Aa Event Properties LLC
Commercial Doran LLC
Grant Deed
$2,110,000 · First Citizens Bank & Trust Co
Nov 8, 2024
$3,520,000
Commercial Doran LLC
Valley Building Company
Grant Deed
$2,005,000 · East West Bank
Dec 30, 1996
$275,000
Valley Building Co LP
James P Kennedy Trustee
Grant Deed
related
—
—
—
Kennedy Trust
—
Deed Of Trust
related
$75,000 · Western Security Bank
—
—
James P Kennedy
—
Deed Of Trust
related
$175,000 · Valley Bank
—
—
Kennedy Trust
—
Deed Of Trust
related
$400,000 · Western Security Bank
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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