Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    702 Colorado St Glendale, CA 91205-4555
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    702 Colorado St Glendale, CA 91205-4555

    View on Map
    • Retail space
    • 2,160 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US09-7006551
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Topsakalyan Medical Practice / Medical Examiner
    • HOTB Beauty / Hair Salon / Nail Salon
    • Dr. Arutyun Topsakalyan, MD / Physician
    • California Wigs and More / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Smoke Co. / (Bike/Boat/Book/etc) Store

    Property Details for 702 Colorado St

    Year built
    1998
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    2,160 SF
    Zone code
    GLCM*
    Property type
    Retail space
    APN
    5674-025-047
    APU
    5674025047

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,115,000
      Current use
      OFFICE BUILDING
      $1,115,000
      Change: +0% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,080,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $980,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.247
    Latitude
    34.1424
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,649
    $326,566
    $252,589
    $579,155
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $980,000
      2,551 SF

      301 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,551 SF
      301 Glendale Ave, Glendale, CA 91205-1715
      View Details
    • Value Estimation
      $1,465,000
      4,050 SF

      Glendale, CA 91205

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      Glendale, CA 91205
      View Details
    • Value Estimation
      $1,360,000
      4,873 SF

      1259 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,873 SF
      1259 Glendale Ave, Glendale, CA 91205-3298
      View Details
    • Value Estimation
      $2,700,000
      7,912 SF

      1113 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,912 SF
      1113 Glendale Ave, Glendale, CA 91205
      View Details
    • Value Estimation
      $915,000
      2,400 SF

      800 Glendale Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      800 Glendale Ave, Glendale, CA 91205-2802
      View Details
    • Value Estimation
      $2,450,000
      6,750 SF

      537 Colorado St

      RETAIL STORES (PERSONAL SERVICES) • 6,750 SF
      537 Colorado St, Glendale, CA 91205-1660
      View Details

    Similar Nearby for Sale

    • $3,275,000

      Prime Colorado Street Retail Property

      Retail/commercial property on bustling Colorado Street near Glendale's shopping.
      1134 East Colorado St, Glendale, CA 91205
      View Details
    • $150,000

      Established Salon on Colorado Street

      Operating Glendale beauty salon for sale with rental income.
      1358 E Colorado St, Glendale, CA 91205
      View Details
    • $495,000
      0.27 Acres

      Residential Lot in Glendale, CA

      Residential lot with city and mountain views in Glendale.
      634 E Cypress St, Glendale, CA 91205
      View Details
    • $1,550,000
      Pending

      Glendale Apartment Building For Sale

      Glendale apartment building with rental upside and recent renovations.
      1246 E Harvard St, Glendale, CA 91205
      View Details
    • $1,789,950

      Multifamily Property with ADU Potential

      Four-unit building with approved plans for an additional ADU.
      1523 Rock Glen Ave, Glendale, CA 91205
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Glendale Office Space For Lease

      Office space available for lease in Glendale, California.
      1506 S Glendale Ave, Glendale, CA 91205
      View Details
    • Contact for pricing

      Industrial Property in Glendale, CA

      100% leased industrial property. No current availability.
      3515 N Verdugo Rd, Glendale, CA 91205
      View Details
    • $3 SF/Yr

      Freestanding Office Building in Glendale

      Two-story office building with parking, patio, and server room.
      1506 S Glendale Ave, Glendale, CA 91205
      View Details
    • Contact for pricing
      10,000 SF

      Healthcare Property Available For Rent

      Healthcare property with 10,000 square feet available for rent.
      500 East Colorado St, Glendale, CA 91205
      View Details
    • Contact for pricing
      1,522 SF

      Glendale Office Space Available

      Office space featuring private offices, conference room, and reception area.
      100 W Broadway, Glendale, CA 91205
      View Details
    • $3 SF/Yr
      484 SF

      Glendale Office Space Available

      Office space for rent in Glendale, California.
      801 S Chevy Chase Dr, Glendale, CA 91205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702 Colorado St
    Glendale, CA 91205-4555
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!