Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1701 Burbank Blvd, Unit 204 Burbank, CA 91506

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready office suite with two private offices.

    Lot size:
    0.25 Acres

    Property Features for 1701 Burbank Blvd

    General Information

    Lot size
    0.25 Acres

    We can help!

    Listing Contact
    David Nersisian
    David Nersisian
    Source: Elliman

    Listing Agent: David Nersisian

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

    Learn more

    Property Insight Report

    Overview

    Turnkey Office Suite on Burbank

    This turnkey corner office suite offers 630 square feet of space on the second floor of a building located on Burbank Boulevard. The professional space includes two private offices and benefits from ample natural light. The suite is move-in ready and suitable for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sevana Soulakhian - State ... Insurance Agency Burbank Reese Market Grocery & Convenience Store DM Computer Repair Computer & Electronic Repair Med Life Home ... Home Health Care Service ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.329886
    Latitude
    34.1817926

    Nearby Similar for Lease

    • $13,000 /Mo
      2,645 SF

      Prime Burbank Retail/Restaurant Space

      Located in a trendy restaurant corridor near major entertainment companies.
      212 N San Fernando Blvd, Burbank, CA 91502
      View Details
    • $20,000 /Mo
      50,464 SF

      Distribution Building Near Burbank Airport

      50,464 SF distribution building near Burbank Airport available for lease.
      7545 N San Fernando Rd, Burbank, CA 91505
      View Details
    • $13,000 /Mo

      Retail Space in Downtown Burbank

      Prime retail space in a thriving Burbank entertainment and business hub.
      212 N San Fernando Blvd, Burbank, CA 91502
      View Details
    • Contact for pricing

      Burbank Medical Office Space

      Premier medical office space for lease in a convenient Burbank location.
      241 W Olive Ave, Burbank, CA 91502
      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
    • $5,700 /Mo

      Creative Space in Burbank Media District

      Versatile commercial space in Burbank's Media District, suitable for various uses.
      1020 W Magnolia Blvd, Burbank, CA 91506
      View Details
    • $33 SF/Yr
      32,500 SF

      Burbank Media District Office Space

      Prime Burbank medical office, furnished & ready
      2727 Alameda Ave, Burbank, CA 91505
      View Details
    • $39 SF/Yr
      30,055 SF

      Burbank Retail Space For Lease

      Prime Burbank retail/office space available.
      1015 Hollywood Way, Burbank, CA 91505
      View Details
    • Contact for pricing
      40,000 SF

      Burbank Retail Space: Prime Location

      Downtown Burbank restaurant space available.
      140 Palm Ave, Burbank, CA 91502
      View Details
    • $63 SF/Yr
      14,190 SF

      Burbank Retail Space: Prime Location

      Downtown Burbank retail/restaurant opportunity.
      200 San Fernando Blvd, Burbank, CA 91502
      View Details
    • $93 SF/Yr
      17,061 SF

      Burbank Media District Office Suites

      Premium Burbank office space, flexible options.
      4100 Alameda Ave, Burbank, CA 91505
      View Details
    • Contact for pricing
      2,650 SF

      Burbank Executive Office Suites

      Modern Burbank offices, 5 spaces available.
      4100 Alameda Ave, Burbank, CA 91505
      View Details

    FAQs

    What type of property is this?
    Office space - Move-in ready office suite with two private offices.
    Where is this office space located?
    The property is located at 1701 Burbank Blvd, Unit 204 Burbank, CA.
    What are key features of this property?
    This property features: - Turnkey and move-in ready for immediate occupancy.; - Prime corner location on busy Burbank Blvd.; - Two private offices.
    (818) 572-1980
    Request Owner's contact information
    1701 Burbank Blvd, Unit 204 Burbank, CA 91506
    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.
    1701 Burbank Blvd, Unit 204
    Burbank, CA 91506
    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
    1701 Burbank Blvd, Unit 204 Burbank, CA 91506
    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
    David Nersisian
    David Nersisian
    (818) 572-1980
    Learn more
    Google sign-in failed. Please try again or use another login method.