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Property profile & analytics
OFF-MARKET
Estimated value
$7,900,000
Medical Office Space
800 Central Ave Glendale, CA 91204-4370
Trust Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6556820
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
39,552 SF
Lot
0.15 ac (6,612 SF)
Zoning code
GLC3
APN
5641-014-029
UPID
US09-6556820
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
-
Backitet Partners, LLC Medical Clinic
-
USA Vein Clinics Medical Clinic
-
All For Health Health For All Medical Clinic
-
The Bistro at Embassy Suites by Hilton Los Angeles Glendale Restaurant
-
Dr. Helen Rostamloo MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.90M
Owner & transaction history
Karamanoukian Alber K Trust · 16 yrs held
Karamanoukian Alber K Trust
since 2009
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%
$10,640,000
6.5%
$9,820,000
7%
$9,120,000
Blend value · Realmo final
$7.90M
Range $7.11M – $8.69M · ±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
$200 / 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
$162,377
Tax year 2024
Assessed value
$14,685,081
Assessed 2024
Previous assessed
$14,685,081
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$791,409
Assessed improvement
$13,893,672
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
OTHER
Stories
1
Total area
39,552 SF
Lot
0.15 ac (6,612 SF)
Zoning code
GLC3
APN
5641-014-029
UPID
US09-6556820
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.
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Karamanoukian Alber K Trust
Trust
Mailing address
1829 S BRAND BLVD, GLENDALE, CA 91204-2902
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
May 31, 2023
—
Newage Glendale LLC
—
Deed
related
$44,000,000 · East West Bank
Dec 14, 2020
—
Alber K Karamanoukian
—
Deed
related
$579,000 · Boston Private Bank & Trust Company
May 9, 2018
—
Newaged Glendale LLC
—
Deed
related
$68,000,000 · Jpmorgan Chase Bank NA
Jun 9, 2016
—
Alber K Karamanoukian
—
Deed
related
$10,000,000 · Boston Private Bank & Trust Company
Dec 31, 2009
—
Karamanoukian Alber K Trust
Karamanoukian A K Fam Trust
Quit Claim Deed
related
$6,570,000 · First Private Bank & Trust
Sep 24, 2007
—
Karamanoukian A K Fam Trust
Karamanoukian,alber
Quit Claim Deed
related
—
Feb 22, 2001
—
Alber Karamanoukian
—
Deed Of Trust
related
$1,000,000 · Bank Of America
Aug 3, 1998
—
Tjarks A V Trustee
Kohli,h C
Grant Deed
related
—
—
—
Karamanoukian Alber K Trust
—
Deed Of Trust
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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