Air-Conditioned Flex
For Sale
Contact for pricing
2101 W Olive Ave, Burbank, CA 91506
Versatile commercial space combines private offices, warehouse capacity, loading access, and support amenities.
Property Size11,521 SF
Lot Size0.35 Acres
Price / SF$342.85
Days on Market53
Property Features for 2101 W Olive Ave
General Information
Standard status
Active
Size
11,521 SF
Lot size
0.35 Acres
Property subtype
Industrial, Office
Site & Location
Neighborhood
The Rancho District
Additional Details
Warehouse Space
2,400 SF
Building Details
Buildings
1
Building Size
11,521 SF
Listing Agency:
The Herman Company
Listed By:
Paul Herman · License #CA01398183
Source:
Crexi
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 24 at 5:03PM
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 The Herman Company
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Investment Insights
Based on property information with market context.
This freestanding flex property includes an 11,521 SF building on a 15,359 SF lot. The industrial-oriented layout provides 2,400 SF of warehouse space, three loading doors, three large bullpen or storage areas, 17 private offices, eight restrooms, a conference room, kitchenette, and full air conditioning. The existing configuration supports office, storage, and light industrial functions, with the property also identified for a potential creative office conversion or possible SB 79 redevelopment project.
Located at the northwest corner of W. Olive Ave and Keystone St in Burbank, the property is five blocks east of Buena Vista St and positioned between the Media and Rancho districts. The address is 2101 W. Olive Ave, Burbank, CA 91506.
Located at the northwest corner of W. Olive Ave and Keystone St in Burbank, the property is five blocks east of Buena Vista St and positioned between the Media and Rancho districts. The address is 2101 W. Olive Ave, Burbank, CA 91506.
Key Highlights
- 11,521 SF flex building on a 15,359 SF lot
- 2,400 SF of dedicated warehouse space
- 3 loading doors and 3 large bullpen/storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,780
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,935,600
$4.9M
Cap Rate 7%
$3,525,429
$3.5M
Cap Rate 9%
$2,742,000
$2.7M
Market Conditions
NOI Build-Up for 11,521 SF
Gross rent
$387.1K $33.60/SF
− Vacancy
−$58.1K −$5.04/SF
EGI
$329.0K $28.56/SF
− OpEx
−$82.3K −$7.14/SF
NOI
$246.8K $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 Rate 5%
$4,935,600
Cap Rate 7%
$3,525,429
Cap Rate 9%
$2,742,000
Alternative Uses
Best Use
Office B
$3.53M
$3.08M – $4.11M
NOI $246,780 @ 7.0% cap · market cap 6.25%
Second Best
Warehouse
$2.48M
$2.17M – $2.90M
NOI $173,789 @ 7.0% cap · market cap 4.40%
Theoretical Best
Multifamily LT 5
$233.41M
$204.23M – $272.31M
NOI $16,338,598 @ 7.0% cap · market cap 413.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,510
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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- Bobby Weisman Caterers — 736 S Glenwood Pl, Burbank, CA 91506
- Zachs Catering — 736 S Glenwood Pl, Burbank, CA 91506
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space combines private offices, warehouse capacity, loading access, and support amenities.
Where is this flex space located?
The property is located at 2101 W Olive Ave Burbank, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 11,521 SF flex building on a 15,359 SF lot; 2,400 SF of dedicated warehouse space; 3 loading doors and 3 large bullpen/storage areas
