Three-Phase Auto
For Sale
$1,600,000
1849 Victory Place, Burbank, CA 91504
Automotive facility with office, restroom, parking, and freeway access for convenient daily operations.
Property Size3,200 SF
Price / SF$500
Days on Market107
Property Features for 1849 Victory Place
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
8
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Amenities
new roof
new plumbing
new electrical
2 office spaces
2 rest rooms
240 3 phase electrical
3
Building Details
Year Built
1964
Listing Agency:
Broker On Wheels
(661) 607-2293
Listed By:
Broker On Wheels · License #00446393
(661) 607-2293
Source:
Xome
Added: May 13
Changed: Aug 26
Last Checked: Aug 26 at 1:10PM
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 Broker On Wheels
Investment Insights
Based on property information with market context.
This auto shop is currently configured for body shop use and previously operated as a machine shop. The building includes two office spaces, two restrooms, and 240 3-phase electrical service. The property also includes new Poly Fresko Torch Down Poly glass underlay roofing as of May 2026, Cooper plumbing, and some new electrical work.
Located at 1849 Victory Place in Burbank, the property offers easy access to I-5. Parking is arranged across the front and rear of the building, with three spaces in front and five spaces behind the building. Constructed in 1964, the facility combines automotive service functionality with office and restroom areas.
Located at 1849 Victory Place in Burbank, the property offers easy access to I-5. Parking is arranged across the front and rear of the building, with three spaces in front and five spaces behind the building. Constructed in 1964, the facility combines automotive service functionality with office and restroom areas.
Key Highlights
- Current body shop use with prior machine shop operation
- 240 3 phase electrical service
- 8 parking spaces: 5 in the rear and 3 in front
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
$80,886
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
5.06%
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%
$1,617,720
$1.6M
Cap Rate 7%
$1,155,514
$1.2M
Cap Rate 9%
$898,733
$898.7K
Market Conditions
NOI Build-Up for 3,200 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
$118.3K $36.96/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$115.6K $36.11/SF
− OpEx
−$34.7K −$10.83/SF
NOI
$80.9K $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%
$1,617,720
Cap Rate 7%
$1,155,514
Cap Rate 9%
$898,733
Alternative Uses
Best Use
Retail
$1.16M
$1.01M – $1.35M
NOI $80,886 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$567.9K
$496.9K – $662.5K
NOI $39,752 @ 7.0% cap · market cap 2.48%
Theoretical Best
Multifamily LT 5
$64.83M
$56.73M – $75.64M
NOI $4,538,106 @ 7.0% cap · market cap 283.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Dining 24%
Apparel 17%
Home Improvements & Furnishings 7%
Walmart
Superstores
241,677 visits/mo
0.4 miles
Target
Superstores
199,953 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
74,612 visits/mo
0.3 miles
Krispy Kreme Doughnuts
Dining
66,298 visits/mo
0.2 miles
Marshalls
Apparel
66,202 visits/mo
0.3 miles
Demographics for 91504, CA
26,678
Population
10,629
Households
2.5
Avg Household Size
40
Median Age
45%
College-Educated
93%
High-School Grad
9.3 sq mi
ZIP Area
2,869
Density / Sq Mi
$103,164
Median Household Income
$57,561
Median Earnings
$2,147
Median Rent
$1,046,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Burbank Towing services — 2220 W Victory Blvd, Burbank, CA 91506
- Solar Craft — 1525 W Burbank Blvd A, Burbank, CA 91506
- T&G Auto Repair — 1525 W Burbank Blvd, Burbank, CA 91506
- Burbank Rapid Lube — 1417 W Burbank Blvd, Burbank, CA 91506
- Burbank Automotive — 1417 W Burbank Blvd, Burbank, CA 91506
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with office, restroom, parking, and freeway access for convenient daily operations.
Where is this auto shop located?
The property is located at 1849 Victory Place Burbank, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Current body shop use with prior machine shop operation; 240 3 phase electrical service; 8 parking spaces: 5 in the rear and 3 in front
