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Property profile & analytics
OFF-MARKET
Estimated value
$14,610,000
Warehouses
820 Thompson Ave Glendale, CA 91201-2046
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7004626
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
45,107 SF
Lot
2.01 ac (87,339 SF)
Zoning code
GLM2*
APN
5624-025-009
UPID
US09-7004626
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
-
DemoPro Inc. Construction Company General Contractor
-
Dream Flowers LA (Bike/Boat/Book/etc) Store Florist
-
GREEN ROAD SOLAR Electrical Service
-
Pacific Precision Co Industrial Manufacturer
-
Quick Garage Door Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.05M
CAP Approach
CAP
$9.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.61M
Owner & transaction history
Pal Thompson Small Bay LLC · 2 yrs held
Pal Thompson Small Bay LLC
since 2023
Last sale
$14.8M
7 recorded transactions
Zoning & alternative use
GLM2* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.3M
+75.6%
Retail stores
$23.2M
+75.3%
Auto repair, garage
$22.6M
+70.3%
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
$17,015,000
ML approach
$10,045,000
CAP Approach
CAP Return
Estimation
6%
$10,635,000
6.5%
$9,815,000
7%
$9,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,255,000
Current use
OFFICE BUILDING
$23,275,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$23,235,000
Change: +75% · Conversion: Moderate
AUTO REPAIR, GARAGE
$22,570,000
Change: +70% · Conversion: Easy
MEDICAL BUILDING
$20,505,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,260,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$14.61M
Range $13.15M – $16.07M · ±10% · vs last sale $14.78M (Dec 22 2023)
Last sale anchor
$14.78M
Dec 22 2023
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
$324 / 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
$166,593
Tax year 2024
Assessed value
$14,775,000
Assessed 2024
Previous assessed
$14,775,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$7,820,000
Assessed improvement
$6,955,000
Applied tax rate
11.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
45,107 SF
Lot
2.01 ac (87,339 SF)
Zoning code
GLM2*
APN
5624-025-009
UPID
US09-7004626
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLM2* · Glendale, CA
Zoning GLM2* · permitted uses
GLM2* · 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
WAREHOUSE, STORAGE Current
Est. value
$13.3M
OFFICE BUILDING
Est. value
$23.3M
RETAIL STORES
Est. value
$23.2M
AUTO REPAIR, GARAGE
Est. value
$22.6M
MEDICAL BUILDING
Est. value
$20.5M
COMMERCIAL (GENERAL)
Est. value
$18.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Pal Thompson Small Bay LLC
Entity
Mailing address
747 3RD AVE RM #2602, NEW YORK, NY 10017-2836
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 22, 2023
$14,775,000
Pal Thompson Small Bay LLC
Donn E Rediger
Grant Deed
—
May 22, 2023
$565,000
Linda M Valles
Denis K Rediger
Grant Deed
—
Mar 18, 2022
—
Denis K Rediger
—
Deed
related
$4,500,000 · Pacific Premier Bank
Oct 21, 2021
$7,907,500
Jones Shupper Properties LLC
Rediger Mortgage Investors 1994
Grant Deed
$575,726 · Olive Street Investors II LP
Oct 21, 2021
—
Donn E Rediger
Rediger Mortgage Investors 19994
Intrafamily Transfer
related
—
Oct 5, 2018
$3,244,000
Rediger Mtg Invtrs-1994
Rediger Mtg Invtrs-1994
Grant Deed
related
—
Oct 5, 2018
—
Rediger Mortgage Investors 1994
—
Deed
related
$4,650,000 · Pacific Premier Bank
Jun 30, 2000
$3,244,000
Rediger Mortgage Investors
Roy E Alexander Trustee
Grant Deed
related
—
—
—
Rediger Mortgage Invtrs 1994
—
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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