Versatile Retail-Office Workshop
For Sale
$1,650,000
1610 W Magnolia Boulevard, Burbank, CA 91506
Flexible layout offers front showroom/office area plus rear workshop, private restroom, and rear parking via alley access.
Property Size2,000 SF
Price / SF$825
Days on Market50
Property Features for 1610 W Magnolia Boulevard
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Building Details
Building Size
2,000 SF
Year Built
1950
Listing Agency:
Howard Realty Group
(818) 355-6017
Listed By:
Brett Howard · License #01120327
Source:
Archetyperealty
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 25 at 12:50PM
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 Howard Realty Group
Investment Insights
Based on property information with market context.
Approximately 2,000 sq. ft. of versatile retail/office space is available on busy Magnolia Boulevard in the heart of Burbank. The layout includes a spacious front showroom or office area paired with a large rear workshop/open workspace, supported by a private restroom and abundant storage.
Convenient rear parking is provided with alley access, which can support day-to-day operations and service needs for a range of light commercial setups.
The property is also presented as a small investment opportunity, noting a current tenant who wants to stay.
Convenient rear parking is provided with alley access, which can support day-to-day operations and service needs for a range of light commercial setups.
The property is also presented as a small investment opportunity, noting a current tenant who wants to stay.
Key Highlights
- Approximately 2,000 sq. ft. of versatile retail/office space on busy Magnolia Boulevard in Burbank
- Flexible layout includes a spacious front showroom or office area plus a large rear workshop/open workspace
- Private restroom and abundant storage space 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
3.06%
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 3.06%
Second Best
Office B
$612.0K
$535.5K – $714.0K
NOI $42,840 @ 7.0% cap · market cap 2.60%
Theoretical Best
Multifamily LT 5
$40.52M
$35.45M – $47.27M
NOI $2,836,316 @ 7.0% cap · market cap 171.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,499
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
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?
Retail space - Flexible layout offers front showroom/office area plus rear workshop, private restroom, and rear parking via alley access.
Where is this retail space located?
The property is located at 1610 W Magnolia Boulevard Burbank, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 2,000 sq. ft. of versatile retail/office space on busy Magnolia Boulevard in Burbank; Flexible layout includes a spacious front showroom or office area plus a large rear workshop/open workspace; Private restroom and abundant storage space included
