Single-Tenant Creative Office
For Sale
$2,100,000
2000 N Buena Vista St, Burbank, CA 91504
Production-oriented workspace positioned at a signalized intersection in Burbank.
Property Size2,897 SF
Lot Size0.12 Acres
Price / SF$724.89
Days on Market9
Property Features for 2000 N Buena Vista St
General Information
Standard status
Active
Size
2,897 SF
Lot size
0.12 Acres
Property subtype
Vacant-User
Amenities
Prime Signalized Corner
Delivered 100% Vacant
Creative & Production Use
Building Details
Building Size
2,897 SF
Year Built
1980
Tenancy
Single
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2794
Listed By:
Brandon Michaels · License #License(s): CA: 01434685
(818) 212-2794
Source:
Marcusmillichap
Added: Aug 23
Changed: Aug 30
Last Checked: Aug 30 at 8:22PM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This single-tenant creative office property contains 2,897 square feet of space on a 5,367-square-foot parcel. Constructed in 1980, the asset is configured for creative and production office use.
The property occupies the signalized intersection of N Buena Vista Street and Empire Avenue in Burbank, California. Its corner setting provides a defined presence at the junction of two streets within an established commercial area.
The property occupies the signalized intersection of N Buena Vista Street and Empire Avenue in Burbank, California. Its corner setting provides a defined presence at the junction of two streets within an established commercial area.
Key Highlights
- 2,897 SF creative and production office property
- Single‑tenant configuration
- 5,367 SF parcel
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
$62,054
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
2.95%
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%
$1,241,080
$1.2M
Cap Rate 7%
$886,486
$886.5K
Cap Rate 9%
$689,489
$689.5K
Market Conditions
NOI Build-Up for 2,897 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
$97.3K $33.60/SF
− Vacancy
−$14.6K −$5.04/SF
EGI
$82.7K $28.56/SF
− OpEx
−$20.7K −$7.14/SF
NOI
$62.1K $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%
$1,241,080
Cap Rate 7%
$886,486
Cap Rate 9%
$689,489
Alternative Uses
Best Use
Office B
$886.5K
$775.7K – $1.03M
NOI $62,054 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$58.69M
$51.36M – $68.47M
NOI $4,108,404 @ 7.0% cap · market cap 195.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
Explore this area
Business Placement
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 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?
Creative space - Production-oriented workspace positioned at a signalized intersection in Burbank.
Where is this creative space located?
The property is located at 2000 N Buena Vista St Burbank, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 2,897 SF creative and production office property; Single‑tenant configuration; 5,367 SF parcel
