Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Burbank Office Space Available Title is generated by Realmo AI

    111 N First Street, Burbank, CA 91502

    View on Map
    Claim this Listing
    For Lease
    $3 SF/Yr $764/Mo (calc)

    Office space for rent in the heart of Burbank.

    Type:office.office_building
    Property size:
    2,914 SF
    Added:
    Mar 7, 2026
    Days on Market:
    91
    Last Refresh:
    Mar 7 at 7:03 pm

    Property Features for 111 N First Street

    General Information

    Standard status
    Active
    Size
    2,914 SF
    Property subtype
    office.office_building

    We can help!

    Listing Contact
    Chris Baer

    Listing agent Chris Baer

    Listing office Los Angeles, CA (North)

    Listing date Mar 7, 2026

    Source Avisonyoung

    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 Los Angeles, CA (North)

    HighLights

    • Located in the Heart of Downtown Burbank
    • 3/1000 Reserved Parking, Free of Charge
    • Package Unit HVAC for easy, low‑cost after‑hours HVAC access
    • Additional parking available in adjacent public lots
    • Outdoor balconies in each suite
    • Numerous Edit Bays

    Overview

    Located in downtown Burbank, this commercial property offers office spaces for rent. The property features package unit HVAC systems, designed for easy access and low-cost after-hours climate control. Each suite includes outdoor balconies. Parking is available at a rate of 3 spaces per 1,000 square feet, free of charge. Additional parking options are available in the public parking lots adjacent to the property. The property is suitable for various business operations, including numerous edit bays. The property contains 2914 square feet.
    Location Intelligence

    Current Use by Public Records

    Maclean Chung Law ... Law Firm Marrone Robinson Frederick Law Firm Lana Handley - Realtor Real Estate Agency Apollo Investment Group ... Real Estate Agency Roman | Osgood Team Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3105917
    Latitude
    34.1796942

    Nearby Similar for Lease

    • $4,750/Mo
      2,000 SF

      Storefront Retail/Office Suite

      Flexible storefront space with large windows, private parking, 12-foot ceilings, and built-in amenities including kitchenette and private bathrooms.
      3317 W Burbank, Burbank, CA 91505
      View Details
    • $129-$7,464/Mo
      11-1,292 SF

      Burbank Business District

      303 Glenoaks Blvd, Unit 200, Burbank, CA 91502
      View Details
    • $129-$6,614/Mo
      11-1,292 SF

      CA, Burbank - The Tower

      3900 Alameda Ave, Burbank, CA 91505
      View Details
    • Sponsored
      $129-$7,316/Mo
      11-1,292 SF

      Burbank Media District

      4100 Alameda Ave, Unit 3RD, Burbank, CA 91505
      View Details
    • $1,150/Mo
      4,000 SF

      Burbank Media District Office Space

      Well-maintained office building in Burbank's Media District, near studios.
      3115 West Olive Avenue, Burbank, CA 91505
      View Details
    • $3 SF/Yr
      20,007 SF

      Renovated Burbank Office Campus

      338,000 SF office space with collaborative outdoor space.
      300 East Magnolia Boulevard, Burbank, CA, 91502
      View Details
    • $2 SF/Yr
      30,000 SF

      Versatile Retail/Office Space Available

      Adaptable space suitable for retail or office tenants.
      1011 W. Alameda Avenue, Burbank, California 91506
      View Details
    • $4,750/Mo

      Retail and Office Space with High Ceilings

      Flexible office and retail layout with large frontage windows and both private and main-street parking.
      3317 W Burbank, Burbank, CA 91505
      View Details
    • $3 SF/Yr
      9,888 SF

      Burbank Office Space Near Airport

      Office space near Burbank Airport with free parking and shuttle.
      2550 North Hollywood Way, Burbank, CA, 91505
      View Details
    • $3 SF/Yr
      6,163 SF

      Prime Retail Showroom in Burbank

      High-visibility retail/showroom space in Downtown Burbank, a walker's paradise.
      310 North San Fernando Boulevard, Burbank, CA, 91502
      View Details
    • $8,000/Mo

      Warehouse Space with M3 Zoning

      Industrial/warehouse space suitable for automotive or service-related businesses.
      3078 N Lima St, Burbank, CA
      View Details
    • $3 SF/Yr
      1,400 SF

      Downtown Burbank Medical Office Space

      Medical office space for lease in vibrant Downtown Burbank.
      255 E Orange Grove Ave, Burbank, California 91502
      View Details

    FAQs

    What type of property is this?
    Office building - Office space for rent in the heart of Burbank.
    Where is this office building located?
    The property is located at 111 N First Street Burbank, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Located in the Heart of Downtown Burbank; 3/1000 Reserved Parking, Free of Charge; Package Unit HVAC for easy, low‑cost after‑hours HVAC access
    (323) 851-6666
    We can help!
    Listing Contact
    Chris Baer
    Learn More
    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.
    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
    111 N First Street, Burbank, California 91502
    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!