Retail Storefront with
For Sale
Contact for pricing
509-515 N Victory Blvd, Burbank, CA 91506
Retail storefronts are available with a bonus mezzanine for expanded use.
Property Size5,200 SF
Price / SF$336.54
Days on Market2183
Property Features for 509-515 N Victory Blvd
General Information
Standard status
Active
Size
5,200 SF
Property subtype
RETAIL
Additional Details
Business Included
No
Listing Agency:
Delphi Business Properties, Inc.
(310) 245-9579
Listed By:
Mike Centurioni · License #1429003
(310) 245-9579
Source:
Moodyscre
Added: Aug 21, 2020
Changed: Aug 10
Last Checked: Aug 10 at 3:04AM
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 Delphi Business Properties, Inc.
Investment Insights
Based on property information with market context.
This property offers retail storefront spaces with a bonus mezzanine, providing additional area within the existing building footprint. The offering includes multiple storefronts, presenting flexible options for retail users who want both primary street-level space and added upper-level capacity.
The property is located at 509-515 N Victory Blvd in Burbank, CA 91506.
With retail-focused configuration and mezzanine space included, the property can support a range of in-store layouts that benefit from additional square footage beyond the ground floor.
The property is located at 509-515 N Victory Blvd in Burbank, CA 91506.
With retail-focused configuration and mezzanine space included, the property can support a range of in-store layouts that benefit from additional square footage beyond the ground floor.
Key Highlights
- Retail storefronts available with a bonus mezzanine for expanded use.
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
$131,440
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
7.51%
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%
$2,628,800
$2.6M
Cap Rate 7%
$1,877,714
$1.9M
Cap Rate 9%
$1,460,444
$1.5M
Market Conditions
NOI Build-Up for 5,200 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
$192.2K $36.96/SF
− Vacancy
−$4.4K −$0.85/SF
EGI
$187.8K $36.11/SF
− OpEx
−$56.3K −$10.83/SF
NOI
$131.4K $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%
$2,628,800
Cap Rate 7%
$1,877,714
Cap Rate 9%
$1,460,444
Alternative Uses
Best Use
Retail
$1.88M
$1.64M – $2.19M
NOI $131,440 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$105.35M
$92.18M – $122.91M
NOI $7,374,421 @ 7.0% cap · market cap 421.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,935
Businesses Nearby
472k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 26%
Home Improvements & Furnishings 12%
Apparel 6%
Costco Gasoline
Shops & Services
120,847 visits/mo
0.5 miles
In-N-Out Burger
Dining
85,153 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
66,507 visits/mo
0.1 miles
HomeGoods
Home Improvements & Furnishings
44,841 visits/mo
0.1 miles
Aldi
Groceries
24,695 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefronts are available with a bonus mezzanine for expanded use.
Where is this storefront property located?
The property is located at 509-515 N Victory Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Retail storefronts available with a bonus mezzanine for expanded use.
