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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Retail space
537 Colorado St Glendale, CA 91205-1660
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0399270
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1923
Total area
6,750 SF
Lot
0.25 ac (10,923 SF)
Zoning code
GLCM*
APN
5674-018-044
UPID
US10-0399270
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
-
Flor De Cafe Bakery Bakery Specialty Food Shop
-
Shahreza Confictionary Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
Owner & transaction history
Flor De Cafe INC · 8 yrs held
Flor De Cafe INC
since 2017
7 recorded transactions
Zoning & alternative use
GLCM* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+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
$3,475,000
Current use
OFFICE BUILDING
$3,485,000
Change: +0% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,375,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$3,070,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±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
$363 / 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
$30,174
Tax year 2024
Assessed value
$2,699,551
Assessed 2024
Previous assessed
$2,699,551
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,214,797
Assessed improvement
$1,484,754
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1923
Heating
NONE
Stories
1
Total area
6,750 SF
Lot
0.25 ac (10,923 SF)
Zoning code
GLCM*
APN
5674-018-044
UPID
US10-0399270
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCM* · Glendale, CA
Zoning GLCM* · permitted uses
GLCM* · 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
RETAIL STORES Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.1M
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
1923
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Flor De Cafe INC
Entity
Mailing address
10033 PALI AVE, TUJUNGA, CA 91042-2942
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2017
$1,643,500
Flor De Cafe INC
Ishkhan Tamazyan
Grant Deed
$2,285,000 · Mufg Union Bank NA
Aug 14, 2017
—
Masis Tamazyan
Tahmasian,elen
Quit Claim Deed
related
—
May 24, 2013
—
Ishkhan Tamazyan
Harutunian,anahit
Grant Deed
—
May 23, 2013
—
Yeznik Tamazyan
Tamazyan,yeznik
Quit Claim Deed
related
—
May 3, 2001
—
Yeznik Tamazyan
Tamazyan,y
Quit Claim Deed
related
—
Dec 18, 1992
$550,000
Sebo F Assatoorian
Marathon Natl Ba
Grant Deed
$467,500 · Marathon National Bank
Jul 17, 1992
$592,920
Marathon Natl Bank
Tatevossian,davi
Trustees Deed
related
—
Jun 9, 1989
—
Tatevossian Davi
Tatev
Quit Claim Deed
related
—
Jun 9, 1989
$655,000
Khatchatourian E
Pelke
Trustees Deed
$540,000 · Marathan Nb
—
—
Yeznik Tamazyan
—
Deed Of Trust
related
$1,120,000 · Bank Of America
—
—
Yeznik Tamazyan
—
Deed Of Trust
related
$490,000 · Bank Of America
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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