Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    224 E Olive Ave Downtown Burbank, CA 91502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime corner location suitable for retail, office, or medical use.

    Type:Retail, Office
    Added:
    Apr 8, 2019
    Days on Market:
    2554
    Last Refresh:
    Mar 16 at 10:09 am

    Property Features for 224 E Olive Ave Downtown

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 224 E Olive Ave Downtown Contact us

    We can help!

    Listing Contact
    Jennifer Donaldson
    Jennifer Donaldson

    Listing agent Jennifer Donaldson License #CA 01317737

    Listing office Lee & Associates - LA North - Sherman Oaks

    Listing date Apr 8, 2019

    Source Crexi

    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 Lee & Associates - LA North - Sherman Oaks

    Overview

    Retail/Office Space in Downtown Burbank

    Located on the corner of East Olive Avenue and San Fernando Boulevard, this property provides access to the Golden State (5) Freeway and public transportation. The location is near restaurants, banking facilities, entertainment venues, and shopping options. It is suitable for small businesses and professional retail, office, and medical users. A public parking facility is located directly behind the building.
    Location Intelligence

    Current Use by Public Records

    Hypno Yoga Alternative Medicine Practice Auto Leasing Loan Service Regional Healthcare Home Health Care Service ALSO HOME HEALTH ... Home Health Care Service Zion Nursing Servises, ... Home Health Care Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3082219
    Latitude
    34.1809205

    Nearby Similar for Lease

    • Contact for pricing

      Burbank Media District Office Space

      Well-maintained office building in Burbank's Media District, near studios.
      3115 West Olive Avenue, Burbank, CA 91505
      View Details
    • Contact for pricing

      Prime Burbank Retail/Restaurant Space

      Located in a trendy restaurant corridor near major entertainment companies.
      212 N San Fernando Boulevard, Burbank, CA 91502
      View Details
    • Contact for pricing

      Burbank Business District

      303 Glenoaks Blvd, Unit 200, Burbank, CA 91502
      View Details
    • Sponsored
      Contact for pricing

      CA, Burbank - The Tower

      3900 Alameda Ave, Burbank, CA 91505
      View Details
    • Contact for pricing

      Burbank Media District

      4100 Alameda Ave, Unit 3RD, Burbank, CA 91505
      View Details
    • $3/mo

      Burbank Office Space Near Airport

      Office space near Burbank Airport with free parking and shuttle.
      2550 North Hollywood Way, Burbank, CA, 91505
      View Details
    • $3/mo

      Prime Retail Showroom in Burbank

      High-visibility retail/showroom space in Downtown Burbank, a walker's paradise.
      310 North San Fernando Boulevard, Burbank, CA, 91502
      View Details
    • $3/mo

      Renovated Burbank Office Campus

      338,000 SF office space with outdoor collaborative work space.
      303 North Glenoaks Boulevard, Burbank, CA, 91502
      View Details
    • $3/mo

      Renovated Burbank Office Campus

      338,000 SF office space with collaborative outdoor space.
      300 East Magnolia Boulevard, Burbank, CA, 91502
      View Details
    • $2/mo

      Creative Office Space Available

      Penthouse office suite with high ceilings and concrete floors.
      200 N San Fernando Blvd, Burbank, CA 91502
      View Details
    • $1.95/mo

      Burbank Office Suites For Lease

      Small office suites for lease in the heart of Burbank.
      3100 W. Burbank Blvd., Burbank, CA 91505
      View Details
    • $3/mo

      Burbank Office Space for Lease

      Small office units near Toluca Lake with easy freeway access.
      4150 Riverside Dr, Burbank, CA 91505
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime corner location suitable for retail, office, or medical use.
    Where is this retail space located?
    The property is located at 224 E Olive Ave Downtown Burbank, CA.
    What are key features of this property?
    This property features: Prime corner location on East Olive Avenue and San Fernando Boulevard.; Convenient access to the Golden State (5) Freeway.; Close proximity to restaurants, banking, entertainment, and shopping.
    (818) 223-4388 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jennifer Donaldson
    Jennifer Donaldson
    Real Estate License ID: CA 01317737
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!