Renovated Office
For Sale
$1,765,000
1114 W Magnolia Boulevard, Burbank, CA 91506
Commercial Sale, Burbank, CA
Property Size2,000 SF
Price / SF$882.50
Days on Market112
Property Features for 1114 W Magnolia Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
BUC3YY
Directions
5 fwy- Victory Blvd
Subdivision
610 - Burbank
Standard status
Active
APN
2446003004
Utilities
Cooling system
Central Air
Building Details
Year built
1960
Listing Agency:
JohnHart Real Estate
(818) 246-1099
Listed By:
Marine Beilerian · License #01934777
(323) 707-6092
Added: Jun 12
Changed: Aug 31
Last Checked: Oct 1 at 6:06PM
MLS# BB26133300
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial office property at 1114 W Magnolia Boulevard includes approximately 2,000 square feet arranged across 10 private offices or individual rooms. Interior improvements include new flooring, modern lighting, a remodeled restroom, and an upgraded kitchen and break area. Central air serves the building, and two uncovered parking spaces are included.
The property is positioned along Magnolia Boulevard in Burbank, with access to major freeways and nearby retail, dining, and business amenities. The existing configuration can accommodate private offices, conference or consultation rooms, collaborative areas, and multiple business operations. The site was built in 1960 and is identified with zoning designation BUC3YY.
The property is positioned along Magnolia Boulevard in Burbank, with access to major freeways and nearby retail, dining, and business amenities. The existing configuration can accommodate private offices, conference or consultation rooms, collaborative areas, and multiple business operations. The site was built in 1960 and is identified with zoning designation BUC3YY.
Key Highlights
- Approximately 2,000 square feet with 10 private offices or individual rooms
- Interior updates include flooring, lighting, restroom, and kitchen/break area improvements
- Two uncovered parking spaces included
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
$50,554
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
2.86%
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%
$1,011,080
$1.0M
Cap Rate 7%
$722,200
$722.2K
Cap Rate 9%
$561,711
$561.7K
Market Conditions
NOI Build-Up for 2,000 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
$73.9K $36.96/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$72.2K $36.11/SF
− OpEx
−$21.7K −$10.83/SF
NOI
$50.6K $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%
$1,011,080
Cap Rate 7%
$722,200
Cap Rate 9%
$561,711
Alternative Uses
Best Use
Retail
$722.2K
$631.9K – $842.6K
NOI $50,554 @ 7.0% cap · market cap 2.86%
Second Best
Office B
$612.0K
$535.5K – $714.0K
NOI $42,840 @ 7.0% cap · market cap 2.43%
Theoretical Best
Multifamily LT 5
$40.52M
$35.45M – $47.27M
NOI $2,836,316 @ 7.0% cap · market cap 160.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,767
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Updated commercial workspace with private rooms, central air, and on-site parking along Magnolia Boulevard.
Where is this office units located?
The property is located at 1114 W Magnolia Boulevard Burbank, CA.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: Approximately 2,000 square feet with 10 private offices or individual rooms; Interior updates include flooring, lighting, restroom, and kitchen/break area improvements; Two uncovered parking spaces included
