Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Palm Ave Burbank, CA 91502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Restaurant space available next to a high-grossing AMC theater.

    Property Features for 109 Palm Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Geoff Martin
    Source: Cbre

    Listing Agent: Geoff Martin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Restaurant Space Near AMC Theaters

    This is a ±9,421 square foot restaurant space located immediately next to the box office and Buffalo Wild Wings. It is situated in Burbank Entertainment Village, home to an AMC 16-screen theater, one of the country's top 3 grossing theaters. The property is directly adjacent to The Burbank Collection, which features 120 residential units and ±40,000 square feet of restaurants and shops. Current co-tenants and surrounding retailers include Buffalo Wild Wings, Yardhouse, Barney's Beanery, P.F. Changs, Urban Outfitters, Chipotle, Coldstone Creamery, Tender Greens, Pizza Rev, Five Guys Burgers, Islands, and Woodranch.
    Location Intelligence

    Current Use by Public Records

    Batman: Hush Statue Resort

    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.

    Similar Places Nearby

    VIP Catering Services, Robert's Catering Services, Winenot Bartending, SoCal Birria Tacos Catering, Aramark

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.311961
    Latitude
    34.18191

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Burbank Media District

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      4100 Alameda Ave, Burbank, CA 91505
      View Details
    • Contact for pricing

      Burbank Business District

      Flexible workspace in Las Colinas MacArthur
      303 Glenoaks Blvd, Burbank, CA 91502
      View Details
    • Contact for pricing

      CA, Burbank - The Tower

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      3900 Alameda Ave, Burbank, CA 91505
      View Details
    • $1,150 /Mo

      Burbank Media District Office Space

      Well-maintained office building in Burbank's Media District, near studios.
      3115 West Olive Ave, Burbank, CA 91505
      View Details
    • $1.95 SF/Yr

      Burbank Office Suites For Lease

      Small office suites for lease in the heart of Burbank.
      3100 W Burbank Blvd, Burbank, CA 91505
      View Details
    • $2 SF/Yr

      Burbank Office Space Available

      Office space for lease in Burbank, California.
      3404 W Burbank Blvd, Burbank, CA 91505
      View Details
    • $2,550 /Mo

      Burbank Office Sublease Opportunity

      Well-maintained office space with reception, private office, and kitchen.
      224 Olive Ave S Olive, Burbank, CA 91502
      View Details
    • $8,700 /Mo

      Commercial Kitchen Ready Property

      Two-story, 5000 sq ft property with full commercial kitchen.
      1861 Victory Pl, Burbank, CA 91506
      View Details
    • $1.69 SF/Yr
      10,580 SF

      Burbank Industrial Space Available

      High image business park near Burbank Airport with offices.
      10635-10665 W Vanowen St, Burbank, CA 91505
      View Details
    • $12,990 /Mo

      Burbank Commercial Building For Lease

      Freestanding 5,196 SF building suitable for retail or industrial use.
      1004 W Burbank Blvd, Burbank, CA 91506
      View Details
    • $2 SF/Yr

      Burbank Office Building For Rent

      Newly renovated office building near Burbank Blvd and Buena Vista Street.
      2501 W Burbank Blvd, Burbank, CA 91505
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space available next to a high-grossing AMC theater.
    Where is this restaurant located?
    The property is located at 109 Palm Ave Burbank, CA.
    What are key features of this property?
    This property features: - Located next to AMC 16-screen theaters, one of the country's top 3 grossing theaters.; - **\u00b19,421 Square Feet of restaurant space.**; - Directly adjacent to The Burbank Collection with 120 residential units.
    (818) 502-6739
    Request Owner's contact information
    109 Palm Ave Burbank, CA 91502
    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.
    109 Palm Ave
    Burbank, CA 91502
    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
    109 Palm Ave Burbank, CA 91502
    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

    We can help!
    Listing Contact
    Geoff Martin
    Real Estate License ID: 01180819
    (818) 502-6739
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!