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 Market58
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
(760) 369-1800
Listed By:
Lynee LaVoie · License #01005011
Source:
Elliman
Added: Jul 4
Changed: Aug 13
Last Checked: Aug 30 at 7:26PM
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 = 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
$43,972
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
3.38%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
