Burbank Mixed-Use Property for
For Sale
Contact for pricing
1011 W Alameda Ave, Burbank, CA 91506
Mixed-use property ideal for entertainment, medical, or retail purposes.
Property Size33,285 SF
Price / SF$443.14
Days on Market2814
Property Features for 1011 W Alameda Ave
General Information
Standard status
Active
Size
33,285 SF
Class
C
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
RC
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$130,000
Building Details
Year Built
1960
Year Renovated
1987
Buildings
2
Stories
1
Units
8
Tenancy
Multi
Listing Agency:
Avison Young - North Los Angeles
Listed By:
Christopher Baer · License #CA
Source:
Crexi
Added: Nov 28, 2018
Changed: Aug 8
Last Checked: Aug 12 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - North Los Angeles
Investment Insights
Based on property information with market context.
This mixed-use property in Burbank is available for sale and is ideally suited for an entertainment campus, medical office, or retail development. The property features a mix of individual retail, office, medical, and pad buildings. It includes approximately 15,000 square feet of high-end post-production space. Dual fiber optic loops are available, providing redundant dark fiber. The location offers easy access to freeways and mass transit. The property benefits from heavy power, high ceilings reaching 19 feet, and minimal columns. Exposed red brick block walls add to the architectural character. There is no gross receipts tax. Conditioned power and line of sight are available. The property includes approximately 125 parking spaces. Pole signage is present. A seismic retrofit has been completed. The property is located on Studio Row. The total property size is 33,285 square feet.
Key Highlights
- +/-15,000 SF of high‑end post‑production space
- Ideal for Entertainment Campus/Medical Office/Retail
- Outstanding ±125 car parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$841,343
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,826,860
$16.8M
Cap Rate 7%
$12,019,186
$12.0M
Cap Rate 9%
$9,348,256
$9.3M
Market Conditions
NOI Build-Up for 33,285 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.23M $36.96/SF
− Vacancy
−$28.3K −$0.85/SF
EGI
$1.20M $36.11/SF
− OpEx
−$360.6K −$10.83/SF
NOI
$841.3K $25.28/SF
Area
Burbank, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,826,860
Cap Rate 7%
$12,019,186
Cap Rate 9%
$9,348,256
Alternative Uses
Best Use
Retail
$12.02M
$10.52M – $14.02M
NOI $841,343 @ 7.0% cap · market cap 5.70%
Second Best
Office B
$10.19M
$8.91M – $11.88M
NOI $712,965 @ 7.0% cap · market cap 4.83%
Theoretical Best
Multifamily LT 5
$674.33M
$590.04M – $786.72M
NOI $47,203,388 @ 7.0% cap · market cap 320.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,434
Businesses Nearby
Explore this area
Business Placement
Demographics for 91506, CA
19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property ideal for entertainment, medical, or retail purposes.
Where is this mixed-use property located?
The property is located at 1011 W Alameda Ave Burbank, CA.
What is the asking price?
The asking price for this property is $14,750,000.
What are key features of this property?
This property features: +/-15,000 SF of high‑end post‑production space; Ideal for Entertainment Campus/Medical Office/Retail; Outstanding ±125 car parking
