Industrial Warehouse with Versatile
For Sale
$1,300,000
Pending
2301 W Empire Ave, Burbank, CA 91504
Versatile industrial/warehouse space suitable for storage, manufacturing, or business operations in Burbank.
Property Size2,915 SF
Days on Market104
Property Features for 2301 W Empire Ave
General Information
Standard status
Pending
Size
2,915 SF
Property subtype
Industrial
Building Details
Building Size
2,915 SF
Year Built
1984
Units
1
Listing Agency:
Cherie Miller & Associates
Listed By:
Lynee LaVoie · License #02021036
(760) 369-1800
Source:
Elliman
Added: Jul 4
Changed: Sep 30
Last Checked: Oct 15 at 1:17AM
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 Cherie Miller & Associates
Investment Insights
Based on property information with market context.
This industrial property offers approximately 2,915 square feet of versatile indoor space designed to support a range of industrial and business uses. The building configuration is well-suited for warehouse, manufacturing, storage, or other industrial operations, giving an owner-user flexibility to fit the space to their workflow.
The property is located at 2301 W Empire in Burbank, CA 91504. It is positioned in a convenient area with easy access to major transportation routes and nearby amenities, supporting day-to-day logistics and business needs.
For an owner-operator, the layout provides a practical footprint for running warehouse or light industrial activities from one location. For investors and buyers, the space can be considered for industrial, warehouse, manufacturing, or storage tenants, subject to applicable use requirements and operating needs.
The property is located at 2301 W Empire in Burbank, CA 91504. It is positioned in a convenient area with easy access to major transportation routes and nearby amenities, supporting day-to-day logistics and business needs.
For an owner-operator, the layout provides a practical footprint for running warehouse or light industrial activities from one location. For investors and buyers, the space can be considered for industrial, warehouse, manufacturing, or storage tenants, subject to applicable use requirements and operating needs.
Key Highlights
- Industrial building built in 1984
- Approximately 2,915 SF versatile industrial/warehouse space for storage, manufacturing, or business operations
- Burbank location with bikeScore 62 and walkScore 79
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,972
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,440
$879.4K
Cap Rate 7%
$628,171
$628.2K
Cap Rate 9%
$488,578
$488.6K
Market Conditions
NOI Build-Up for 2,915 SF
Gross rent
$55.3K $18.96/SF
− Vacancy
−$3.5K −$1.21/SF
EGI
$51.7K $17.75/SF
− OpEx
−$7.8K −$2.66/SF
NOI
$44.0K $15.08/SF
Area
Burbank, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,440
Cap Rate 7%
$628,171
Cap Rate 9%
$488,578
Alternative Uses
Best Use
Warehouse
$628.2K
$549.7K – $732.9K
NOI $43,972 @ 7.0% cap · market cap 3.38%
Second Best
Industrial
$517.3K
$452.7K – $603.5K
NOI $36,212 @ 7.0% cap · market cap 2.79%
Theoretical Best
Multifamily LT 5
$59.06M
$51.67M – $68.90M
NOI $4,133,930 @ 7.0% cap · market cap 317.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Balanced
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile industrial/warehouse space suitable for storage, manufacturing, or business operations in Burbank.
Where is this warehouse located?
The property is located at 2301 W Empire Ave Burbank, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Industrial building built in 1984; Approximately 2,915 SF versatile industrial/warehouse space for storage, manufacturing, or business operations; Burbank location with bikeScore 62 and walkScore 79
