Two-Story Office Building For
For Sale
Contact for pricing
1111 S Victory Blvd, Burbank, CA
Two-story office building with post-production history, approximately 33,577 SF.
Property Size33,577 SF
Lot Size0.65 Acres
Price / SF$297.82
Days on Market279
Property Features for 1111 S Victory Blvd
General Information
Standard status
Active
Size
33,577 SF
Lot size
0.65 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1111 S Victory Blvd Contact us- Size
- 30,111 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, 30 Days
- Sublease
- No
1111 S Victory Blvd
Free Standing Building
1st Floor Office: 12,286 SF, 2nd Floor Office: 16,291 SF
1...
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Listing Agency:
Colliers
(626) 488-9081
Listed By:
Shadd Walker
(626) 488-9081
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 29 at 12:57PM
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 Colliers
Investment Insights
Based on property information with market context.
This commercial property features a two-story office building with a history of post-production use. The building spans approximately 33,577 square feet across two floors. The floors are served by elevators and air conditioning, supported by 12 individual HVAC units totaling 138 tons.
Key Highlights
- Two‑story office building with a history of post‑production use.
- Approximately 33,577 square feet of space.
- Two elevator‑served floors.
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
$719,219
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
7.19%
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%
$14,384,380
$14.4M
Cap Rate 7%
$10,274,557
$10.3M
Cap Rate 9%
$7,991,322
$8.0M
Market Conditions
NOI Build-Up for 33,577 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
$1.13M $33.60/SF
− Vacancy
−$169.2K −$5.04/SF
EGI
$959.0K $28.56/SF
− OpEx
−$239.7K −$7.14/SF
NOI
$719.2K $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
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%
$14,384,380
Cap Rate 7%
$10,274,557
Cap Rate 9%
$7,991,322
Alternative Uses
Best Use
Office B
$10.27M
$8.99M – $11.99M
NOI $719,219 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$680.25M
$595.22M – $793.62M
NOI $47,617,490 @ 7.0% cap · market cap 476.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,287
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with post-production history, approximately 33,577 SF.
Where is this office building located?
The property is located at 1111 S Victory Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Two‑story office building with a history of post‑production use.; Approximately 33,577 square feet of space.; Two elevator‑served floors.
