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    212 Blvd Burbank, CA 91502

    Sponsored
    For Sale
    Contact for pricing

    Thriving Burbank retail space, ideal for high-traffic business.

    Property size:
    2,645 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    346
    This exceptional 2,645 square foot retail space is situated in the heart of Burbank, CA, on a 0.11-acre lot at 212 Boulevard. The property benefits from an unparalleled location within a dynamic and rapidly growing business district, boasting over 1,000 media and entertainment companies including industry giants such as Walt Disney Studios, Warner Bros., Cartoon Network, Nickelodeon, and Netflix. This vibrant area is further enhanced by the recent development of high-quality luxury apartments, such as the 275-unit First Street Village (phase one of a three-phase project), attracting a significant influx of professionals seeking walkable, amenity-rich living. The property sits directly within a burgeoning restaurant corridor, offering immediate proximity to a diverse range of popular dining establishments including Yard House, Finney's Crafthouse, Republik Coffee, Over/Under Public House, Urban Press Winery, Kalaveras Cantina Urbana, Mama Hong's Vietnamese Kitchen, Kabuki Japanese Restaurant, and Kopan Ramen. This prime location also enjoys convenient access to the newly renovated Burbank Town Center Mall, featuring 170 interior stores and an AMC 16 movie theatre complex. With over 5,000 parking spaces within walking distance of the main commercial corridor, ample parking is readily available to accommodate even the busiest businesses. Burbank's attractive tax structure, featuring no city income tax or gross sales receipt tax, presents a significant financial advantage for prospective tenants. This exceptional opportunity offers a unique blend of high visibility, convenient location, and strong demographic appeal, making it an ideal investment for a variety of retail businesses.

    Property Features for 212 Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    2,645 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1941
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.31
    Latitude
    34.1774

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    FAQs

    What type of property is this?
    Retail property - Thriving Burbank retail space, ideal for high-traffic business.
    Where is this retail property located?
    The property is located at 212 Blvd Burbank, CA.
    (818) 349-9997
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    212 Blvd Burbank, CA 91502
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    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.

    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
    212 Blvd Burbank, CA 91502
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