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Property profile & analytics
FOR LEASE
Warehouses
524 State St Glendale, CA 91203
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7901192
For Lease
$695,000
524 State St, Glendale, CA 91203
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
TILT-UP CONCRETE
Total area
4,418 SF
Lot
0.17 ac (7,500 SF)
Zoning code
GLM2*
APN
5638-009-021
UPID
US09-7901192
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
by Request
CAP Approach
CAP
$960k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
524 State LLC
524 State LLC
since 2026
7 recorded transactions
Zoning & alternative use
GLM2* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,040,000
6.5%
$960,000
7%
$895,000
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$157 / 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
$8,331
Tax year 2024
Assessed value
$715,056
Assessed 2024
Previous assessed
$715,056
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$382,420
Assessed improvement
$332,636
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
4,418 SF
Lot
0.17 ac (7,500 SF)
Zoning code
GLM2*
APN
5638-009-021
UPID
US09-7901192
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.
Building & site characteristics
From public records
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
524 State LLC
Entity
Mailing address
3015 W 17TH ST, SANTA MONICA, CA 90405-5903
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 27, 2026
$2,400,000
524 State LLC
524 State Street LLC
Grant Deed
related
$1,200,000 · City National Bank
Jul 18, 2024
—
524 State Street LLC
Jeanette Schachtner
Grant Deed
—
Feb 22, 2021
—
Jeanette Schachtner
Jeanette Schachtner
Intrafamily Transfer
related
—
Feb 17, 2021
—
Jeanette Schachtner
Margarita Schachtner
Affidavit Death Of Trustee/successor Trustee
related
—
Dec 28, 2020
—
Schachtner,h & M 1998 Trust
Margarita E Schachtner
Affidavit Of Death
related
—
Jul 12, 2017
—
Schachtner,hannes & M 1998 Trust
Schachtner,hannes & Margarita
Quit Claim Deed
related
—
Mar 30, 1993
$225,000
Hannes Schachtner
Wade Trust
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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