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Property profile & analytics
FOR LEASE
Office buildings
700 North Central Ave Glendale, CA 91203
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-7007726
For Lease
$2,420,000
700 North Central Ave, Glendale, CA 91203
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
TILT-UP CONCRETE
Total area
8,778 SF
Lot
0.39 ac (16,850 SF)
Zoning code
GLC3*
APN
5641-013-005
UPID
US09-7007726
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
$2.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.42M
Owner & transaction history
Garibian Investments LLC · 1 yrs held
Garibian Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
GLC3* · 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%
$3,070,000
6.5%
$2,835,000
7%
$2,630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,990,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±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
$276 / 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
$32,600
Tax year 2024
Assessed value
$2,901,460
Assessed 2024
Previous assessed
$2,901,460
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,972,993
Assessed improvement
$928,467
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
Status
For Lease
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
8,778 SF
Lot
0.39 ac (16,850 SF)
Zoning code
GLC3*
APN
5641-013-005
UPID
US09-7007726
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3* · Glendale, CA
Zoning GLC3* · permitted uses
GLC3* · 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
MEDICAL BUILDING
Est. value
$4.0M
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Garibian Investments LLC
Entity
Mailing address
700 S CENTRAL AVE, GLENDALE, CA 91204-2011
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
$20,000,000
Garibian Investments LLC
700 N Central Property LLC
Grant Deed
$10,000,000 · Golden State Bank
Jun 3, 2022
—
Ok Property Holdings LLC
—
Deed
related
$1,700,000 · Zb NA
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
Quitclaim Deed
—
Jan 18, 2018
—
Spus8 North Central LP
Spus8 Glendale LP
Quitclaim Deed
—
Dec 29, 2017
$122,000,000
Spus8 Glendale LP
Bre Brand Central Holdings LLC
Grant Deed
—
Mar 31, 2016
$2,500,000
Ok Property Holdings LLC
Andreina E Gilboyne
Grant Deed
$2,125,000 · Golden State Bank
Aug 28, 1992
$1,137,500
Gilboyne Trust
White,brothers
Grant Deed
$500,000 · Seller
May 7, 1970
$60,000
—
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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