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Property profile & analytics
OFF-MARKET
Estimated value
$17,960,000
Office buildings
700 Central Ave Glendale, CA 91203-1249
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7414247
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1979
Construction
STEEL FRAME
Total area
138,434 SF
Lot
0.88 ac (38,356 SF)
Zoning code
GLC2*
APN
5644-003-054
UPID
US09-7414247
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
-
Red Label Enterprises, Inc Advertising Agency Marketing & Advertising
-
Hypnotism Institute of La Alternative Medicine Practice
-
Fuentes & Mc Nally Law Offices Law Firm
-
KG Law, APC Law Firm
-
Khanjian Law Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.96M
Owner & transaction history
700 N Central Property LLC · 7 yrs held
700 N Central Property LLC
since 2018
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
GLC2* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$130 / 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
$355,479
Tax year 2024
Assessed value
$30,622,089
Assessed 2024
Previous assessed
$30,622,089
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$8,202,345
Assessed improvement
$22,419,744
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Total area
138,434 SF
Lot
0.88 ac (38,356 SF)
Zoning code
GLC2*
APN
5644-003-054
UPID
US09-7414247
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC2* · Glendale, CA
Zoning GLC2* · permitted uses
GLC2* · 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
1979
Construction
STEEL FRAME
Heating
NONE
Lot
0.88 ac
Current owner
From public records · entity-resolved
700 N Central Property LLC
Entity
Mailing address
12501 SEAL BCH BLVD STE #225, SEAL BEACH, CA 90740-8804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Oct 19, 2018
$28,000,000
700 N Central Property LLC
Spus8 North Central LP
Grant Deed
—
Feb 8, 2018
—
Spus8 North Central LP
—
Grant Deed
related
$81,350,000 · Bank Of America
Jan 22, 2018
—
Spus8 North Central LP
Spus8 Glendale LP
Quit Claim Deed
—
Jan 18, 2018
—
Spus8 North Central LP
Spus8 Glendale LP
Quit Claim Deed
—
Dec 29, 2017
$122,000,000
Spus8 Glendale LP
Bre Brand Central Holdings LLC
Grant Deed
—
Jul 5, 2012
$73,237,500
Bre Band Central Holdings LLC
Gsms 2005-gg4 Glendale Office
Grant Deed
—
Feb 7, 2012
$19,600,000
Gsms 2005-gg4 Glendale Office
First American Title Ins
Trustees Deed
related
—
Mar 17, 2005
—
Maguire Properties 700 N Central Ll
Infill 700 North Central LLC
Grant Deed
$27,460 · Greenwich Capital Financial Product
May 16, 2001
—
—
Asp,gle
Grant Deed
related
—
Nov 12, 1998
—
Madison Square Asp
—
Deed Of Trust
related
—
Oct 28, 1998
—
Asp Glendale LLC
Allstate Insurance Co
Grant Deed
related
—
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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