Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    715 Central Ave Glendale, CA 91203-4262
    Back to Search
    Property profile & analytics

    715 Central Ave, Glendale, CA 91203-4262

    View on Map
    • Office buildings
    • 15,774 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US09-7000246
    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
    $3,405,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Central water / Big Box & Wholesale Store
    • Superior Travel Association / Travel Agency
    • Diana X Castillo LMFT / Marriage Or Relationship Counselor
    • Rachel Engels, Licensed Marriage & Family Therapist - Flourish Counseling Services / Psychotherapist
    • Resolute Home Health Care Inc / Home Health Care Service

    Property Details for 715 Central Ave

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Zone code
    GLC2*
    Property type
    Office buildings
    APN
    5636-014-016
    APU
    5636014016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 3, 2018 — Gallagher,kate S Living Trust Gallagher,kate S Affidavit Of Death · related —
    Jan 2, 2008 — Schultz Marital Trust Schultz D & D Living Trust Quit Claim Deed · related —
    May 2, 1996 — David N Schultz — Deed Of Trust · related $6.5M · David N Schultz
    — — David N Schultz — Deed Of Trust · related $102k · Credit Managers Assn Ca Ttee
    — — David N Schultz — Deed Of Trust · related $2.7M · David N Schultz
    — — David N Schultz — Deed Of Trust · related $1.8M · Money Store Commercial Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendale
    County
    Los Angeles
    State
    California
    Longitude
    -118.258
    Latitude
    34.1569
    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
    $42,242
    $568,745
    $3,198,947
    $3,767,692
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,025,000
      544,223 SF

      800 Brand Blvd

      OFFICE BUILDING (MULTI-STORY)
      800 Brand Blvd, Glendale, CA 91203-1245
      View Details
    • Value Estimation
      $16,685,000
      83,422 SF

      411 Central Ave

      OFFICE BUILDING
      411 Central Ave, Glendale, CA 91203-2081
      View Details
    • Value Estimation
      $1,000,000
      5,810 SF

      336 Central Ave

      OFFICE BUILDING
      336 Central Ave, Glendale, CA 91203-3123
      View Details
    • Value Estimation
      $1,840,000
      7,241 SF

      900 Pacific Ave

      PROFESSIONAL BUILDING
      900 Pacific Ave, Glendale, CA 91203-3644
      View Details
    • Value Estimation
      $7,280,000
      365,544 SF

      611 Brand Blvd

      OFFICE BUILDING
      611 Brand Blvd, Glendale, CA 91203-1221
      View Details
    • Value Estimation
      $27,300,000
      128,189 SF

      500 Central Ave

      OFFICE BUILDING (MULTI-STORY)
      500 Central Ave, Glendale, CA 91203-3905
      View Details

    Similar Nearby for Sale

    • $2,450,000
      24,622 SF

      Glendale Commercial Land For Sale

      Commercial land in Glendale, suitable for storage or warehousing.
      711 West Broadway, Glendale, CA 91203
      View Details
    • Contact for pricing

      Established Fitness Studio on Brand

      Turnkey fitness business in a prime Glendale location.
      525 N Brand Blvd, Glendale, CA 91203
      View Details
    • $2,399,000
      5,852 SF

      Glendale Multifamily Property Near Americana

      Rare 8-unit Glendale property near Americana at Brand.
      650 W Wilson Ave, Glendale, CA 91203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,313 SF

      Glendale Office Space Available

      9,313 square foot office space for rent in Glendale.
      500 N Brand Blvd, Glendale, CA 91203
      View Details
    • $3 SF/Yr
      107,560 SF

      Class A Office Building

      High-rise office building near Ventura Freeway and Hilton Hotel.
      801 North Brand Blvd, Glendale, CA 91203
      View Details
    • $3 SF/Yr
      38,555 SF

      Glendale Office Space with Upgrades

      Modern office building with high-end finishes and efficient systems.
      207 N Goode Ave, Glendale, CA 91203
      View Details
    • Contact for pricing

      Glendale Office Space Available

      Single tenant office building with 27,718 square feet available.
      450 N Brand Blvd, Glendale, CA 91203
      View Details
    • $3 SF/Yr
      258,534 SF

      Glendale Office Space for Rent

      Office building in Glendale with modern amenities and on-site services.
      655 North Central Ave, Glendale, CA 91203
      View Details
    • Contact for pricing
      26,682 SF

      Glendale Office Space For Lease

      Office space available for lease in Glendale, California.
      800 N Brand Blvd, Glendale, CA 91203
      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.
    715 Central Ave
    Glendale, CA 91203-4262
    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

    Thank You for Inquiry
    715 Central Ave, Glendale, CA, 91203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!