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Property profile & analytics
FOR SALE
Manufacturing properties
550 W Garfield Ave Glendale, CA 91204
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6539251
For Sale
1 / 4
$1,495,000
550 W Garfield Ave, Glendale, CA 91204
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Construction
TILT-UP CONCRETE
Total area
4,140 SF
Lot
0.11 ac (4,649 SF)
Zoning code
GLM3*
APN
5696-021-014
UPID
US09-6539251
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
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Embassy Investment Group LLC · 4 yrs held
Embassy Investment Group LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
GLM3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+32.2%
Retail stores
$2.1M
+32.0%
Auto repair, garage
$2.1M
+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
$1,455,000
ML approach
$1,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,615,000
Current use
OFFICE BUILDING
$2,135,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$2,135,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,070,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$1,880,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,675,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±10% · vs last sale $1.50M (Nov 18 2021)
Last sale anchor
$1.50M
Nov 18 2021
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
$359 / 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
$17,415
Tax year 2024
Assessed value
$1,560,600
Assessed 2024
Previous assessed
$1,560,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,092,420
Assessed improvement
$468,180
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
For Sale
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,140 SF
Lot
0.11 ac (4,649 SF)
Zoning code
GLM3*
APN
5696-021-014
UPID
US09-6539251
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM3* · Glendale, CA
Zoning GLM3* · permitted uses
GLM3* · 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
$1.6M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
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
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Embassy Investment Group LLC
Entity
Mailing address
PO BOX 5309, SHERMAN OAKS, CA 91413-5309
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
—
Embassy Investment Group LLC
—
Deed
related
$612,000 · First Citizens Bank & Trust Co
Nov 18, 2021
$1,500,000
Embassy Investment Group LLC
Mabillon LLC
Grant Deed
$900,000 · Lone Oak Fund LLC
Sep 22, 2017
—
Mabillon LLC
—
Deed
related
$850,000 · Golden State Bank
May 22, 2017
$1,300,000
Mabillion LLC
Vargo,mark
Grant Deed
—
May 31, 2006
$450,000
Mark Vargo
Brackett Family Trust
Grant Deed
—
Nov 16, 1998
—
Brackett Daniel B
Brackett,d B & E L
Quit Claim Deed
related
—
—
—
Daniel B Brackett
—
Deed Of Trust
related
$218,000 · Verdugo Banking
—
—
Mark S Vargo
—
Deed Of Trust
related
$450,000 · Comerica Bank
—
—
Brackett Trust
—
Deed Of Trust
related
$65,000 · Verdugo Banking
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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