Owner-User Flex
For Sale
$1,460,000
1613 W Burbank Blvd, Burbank, CA 91506
Vacant commercial building combines office and warehouse areas with adaptable space for multiple operating needs.
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$730
Days on Market8
Property Features for 1613 W Burbank Blvd
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
3
Lot size
0.05 Acres
Property subtype
Office Vacant-User
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
730 SF
Office Build-Out
1,270 SF
Power
600 amps
Additional Details
Asking Price
$1,460,000
Amenities
Vacant Owner-User Opportunity Delivered 100% vacant at closing, allowing an owner-user to immediately occupy the property and eliminate leasing uncertainty. Functional Office/Warehouse Configuration A
Pride of Ownership Asset Well-maintained property featuring significant recent capital improvements including a newly coated roof and newer HVAC system. Flexible Building Layout Easily demisable floor
Central Burbank Location Located in the heart of Burbank's business district with immediate access to major employment centers, retail amenities, and transportation infrastructure. Exceptional Regiona
Building Details
Building Size
2,000 SF
Year Built
1956
Buildings
1
Listing Agency:
Encino Office
(818) 212-2665
Listed By:
Joshua Yaris · License #License(s): CA: 02073440
(818) 212-2665
Source:
Marcusmillichap
Added: Aug 16
Changed: Aug 20
Last Checked: Aug 21 at 4:05AM
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 Encino Office
Investment Insights
Based on property information with market context.
This Burbank flex property contains approximately 2,000 square feet on a 2,359-square-foot parcel, with about 1,270 square feet of office area and 730 square feet of warehouse space. The layout can be demised, and the building includes two ADA-compliant restrooms, three on-site parking spaces, and 600 amps of power. Delivered 100% vacant, the property supports immediate occupancy. Built in 1956, it received a roof slurry coating in early 2026 and an HVAC replacement approximately four years ago.
The property is located on Burbank Boulevard, where approximately 30,000 vehicles pass daily. Interstate 5 is less than one mile away, with Empire Center approximately one mile away, Downtown Burbank 1.2 miles away, and Hollywood Burbank Airport 2.4 miles away. The surrounding five-mile area has more than 444,000 residents and average household incomes exceeding $115,000.
The property is located on Burbank Boulevard, where approximately 30,000 vehicles pass daily. Interstate 5 is less than one mile away, with Empire Center approximately one mile away, Downtown Burbank 1.2 miles away, and Hollywood Burbank Airport 2.4 miles away. The surrounding five-mile area has more than 444,000 residents and average household incomes exceeding $115,000.
Key Highlights
- Approximately 2,000 square feet on a 2,359‑square‑foot parcel
- Office and warehouse areas total approximately 1,270 and 730 square feet, respectively
- 600 amps of power, two ADA‑compliant restrooms, and three on‑site parking spaces
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
$42,840
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
2.93%
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%
$856,800
$856.8K
Cap Rate 7%
$612,000
$612.0K
Cap Rate 9%
$476,000
$476.0K
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
$67.2K $33.60/SF
− Vacancy
−$10.1K −$5.04/SF
EGI
$57.1K $28.56/SF
− OpEx
−$14.3K −$7.14/SF
NOI
$42.8K $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
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%
$856,800
Cap Rate 7%
$612,000
Cap Rate 9%
$476,000
Alternative Uses
Best Use
Office B
$612.0K
$535.5K – $714.0K
NOI $42,840 @ 7.0% cap · market cap 2.93%
Second Best
Warehouse
$431.0K
$377.1K – $502.8K
NOI $30,169 @ 7.0% cap · market cap 2.07%
Theoretical Best
Multifamily LT 5
$40.52M
$35.45M – $47.27M
NOI $2,836,316 @ 7.0% cap · market cap 194.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,305
Businesses Nearby
Under-served
Demand for This Use
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.
Similar Off Market Nearby
- Boyz In the Kitchen — 2618 Magnolia Blvd, Burbank, CA 91505
- Robert's Catering Services — 101 N Victory Blvd Suite G & F, Burbank, CA 91502
- Command Performance Catering — 2217 W Burbank Blvd, Burbank, CA 91506
- The Churro Man — 2600 W Victory Blvd, Burbank, CA 91505
- The Whaling Club — 2001 W Burbank Blvd, Burbank, CA 91506
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial building combines office and warehouse areas with adaptable space for multiple operating needs.
Where is this flex space located?
The property is located at 1613 W Burbank Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: Approximately 2,000 square feet on a 2,359‑square‑foot parcel; Office and warehouse areas total approximately 1,270 and 730 square feet, respectively; 600 amps of power, two ADA‑compliant restrooms, and three on‑site parking spaces
