Single-Story Storefront
New
For Sale
$1,295,000
2821 W Burbank Boulevard, Burbank, CA 91505
Commercial space with HVAC, rear alley access, and dedicated parking for three vehicles.
Property Size1,680 SF
Lot Size0.07 Acres
Price / SF$770.83
Days on Market3
Property Features for 2821 W Burbank Boulevard
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
3
Lot size
0.07 Acres
Property subtype
Retail
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,295,000
Amenities
HVAC
Building Details
Building Size
1,680 SF
Year Built
1947
Buildings
1
Stories
1
Listing Agency:
Time Residential Realty
Listed By:
Robert Thomas · License #00667435
Source:
Archetyperealty
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 2:09AM
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 Time Residential Realty
Investment Insights
Based on property information with market context.
This single-story commercial storefront contains approximately 1,680 SF within an approximately 3,013 SF lot. Constructed in 1947, the building is equipped with HVAC and offers signage potential along W Burbank Boulevard. The property is zoned C-3 and includes three on-site parking spaces, with additional street parking available in front of the building.
Rear alley access supports convenient servicing and circulation. The property is positioned along W Burbank Boulevard with access to the 134 and 170 Freeways, and surrounding commercial and residential uses provide an established setting for the site.
Rear alley access supports convenient servicing and circulation. The property is positioned along W Burbank Boulevard with access to the 134 and 170 Freeways, and surrounding commercial and residential uses provide an established setting for the site.
Key Highlights
- Approximately 1,680 SF single‑story commercial building
- Approximately 3,013 SF lot
- C‑3 zoning and HVAC
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
$42,465
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
3.28%
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%
$849,300
$849.3K
Cap Rate 7%
$606,643
$606.6K
Cap Rate 9%
$471,833
$471.8K
Market Conditions
NOI Build-Up for 1,680 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
$62.1K $36.96/SF
− Vacancy
−$1.4K −$0.85/SF
EGI
$60.7K $36.11/SF
− OpEx
−$18.2K −$10.83/SF
NOI
$42.5K $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%
$849,300
Cap Rate 7%
$606,643
Cap Rate 9%
$471,833
Alternative Uses
Best Use
Retail
$606.6K
$530.8K – $707.8K
NOI $42,465 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$34.04M
$29.78M – $39.71M
NOI $2,382,505 @ 7.0% cap · market cap 183.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
143k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 44%
Dining 6%
Beauty & Spa 1%
Ralphs
Groceries
70,338 visits/mo
0.4 miles
76
Shops & Services
27,188 visits/mo
0.5 miles
7-Eleven
Shops & Services
10,509 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,643 visits/mo
0.4 miles
America's Best Contacts & Eyeglasses
Shops & Services
7,528 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space with HVAC, rear alley access, and dedicated parking for three vehicles.
Where is this storefront property located?
The property is located at 2821 W Burbank Boulevard Burbank, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Approximately 1,680 SF single‑story commercial building; Approximately 3,013 SF lot; C‑3 zoning and HVAC
