Retail Storefront
For Sale
Contact for pricing
2721 W Magnolia Blvd, Burbank, CA 91505
Retail property offered for lease or sale, totaling 15,047 square feet.
Property Size15,047 SF
Price / SF$578.19
Days on Market371
Property Features for 2721 W Magnolia Blvd
General Information
Standard status
Active
Size
15,047 SF
Property subtype
RETAIL
Properties For Sale
at 2721 W Magnolia Blvd Contact us- Size
- 15,047 SF
- Type
- RETAIL
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
Freestanding Commercial Building
Retail property available for lease or sale.
Contact us
Listing Agency:
Marcus & Millichap
(818) 212-2700
Listed By:
Martin Agnew · License #01339034
(818) 212-2776
Source:
Moodyscre
Added: Sep 3, 2025
Changed: Aug 8
Last Checked: Jul 23 at 2:53AM
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
Investment Insights
Based on property information with market context.
This retail storefront property is available for lease or sale. The asset totals 15,047 square feet and is positioned as a retail commercial real estate offering.
The property is located at 2721 W Magnolia Blvd in Burbank, CA 91505.
For more information on leasing and sale terms, as well as property details beyond the available summary, please contact the listing broker.
The property is located at 2721 W Magnolia Blvd in Burbank, CA 91505.
For more information on leasing and sale terms, as well as property details beyond the available summary, please contact the listing broker.
Key Highlights
- Retail property available for lease or sale
- Total building size: 15,047 SF
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
$380,342
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
4.37%
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%
$7,606,840
$7.6M
Cap Rate 7%
$5,433,457
$5.4M
Cap Rate 9%
$4,226,022
$4.2M
Market Conditions
NOI Build-Up for 15,047 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
$556.1K $36.96/SF
− Vacancy
−$12.8K −$0.85/SF
EGI
$543.3K $36.11/SF
− OpEx
−$163.0K −$10.83/SF
NOI
$380.3K $25.28/SF
Area
Burbank, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$7,606,840
Cap Rate 7%
$5,433,457
Cap Rate 9%
$4,226,022
Alternative Uses
Best Use
Retail
$5.43M
$4.75M – $6.34M
NOI $380,342 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$304.84M
$266.74M – $355.65M
NOI $21,339,023 @ 7.0% cap · market cap 245.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 32%
Apparel 29%
Goodwill
Apparel
12,978 visits/mo
0.4 miles
Taco Bell
Dining
11,694 visits/mo
0.1 miles
Shell
Shops & Services
10,195 visits/mo
0.1 miles
AutoZone
Shops & Services
4,652 visits/mo
0.5 miles
Pizza Hut
Dining
2,699 visits/mo
0.5 miles
Demographics for 91505, CA
32,371
Population
14,258
Households
2.3
Avg Household Size
40
Median Age
47%
College-Educated
94%
High-School Grad
5.4 sq mi
ZIP Area
5,995
Density / Sq Mi
$106,364
Median Household Income
$60,859
Median Earnings
$2,284
Median Rent
$992,300
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Retail property offered for lease or sale, totaling 15,047 square feet.
Where is this storefront property located?
The property is located at 2721 W Magnolia Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: Retail property available for lease or sale; Total building size: 15,047 SF
