Freestanding Medical
For Sale
$1,750,000
2915 W Magnolia Boulevard, Burbank, CA 91505
Commercial Sale, Burbank, CA
Property Size2,575 SF
Lot Size0.08 Acres
Price / SF$679.61
Days on Market39
Property Features for 2915 W Magnolia Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
Between Niagara and Catalina on Magnolia
Subdivision
610 - Burbank
Standard status
Active
APN
2478017021
Lot size
0.08 Acres
Additional Details
Currently Operating
Yes
Property Use
Medical Office
Medical Specialty
optometry
Utilities
Cooling system
Central Air
Building Details
Year built
1948
Buildings
1
Listing Agency:
First Class Real Estate
(818) 569-0210
Listed By:
Natali Toth · License #01982061
(818) 261-9082
Added: Sep 25
Changed: Nov 2
Last Checked: Nov 2 at 6:06PM
MLS# SR26211032
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding medical office contains approximately 2,575 square feet on an approximately 3,375-square-foot lot. It is currently operating as an optometry office and has two bathrooms, central air, and a 1948 construction date. Two tandem parking areas behind the building accommodate up to four vehicles.
The property is on Magnolia Boulevard in Burbank’s Magnolia Park district. The surrounding commercial corridor includes boutiques, restaurants, cafes, professional services, and neighborhood businesses. Nearby context also includes major studios and residential neighborhoods, with freeway access in the area.
The property is on Magnolia Boulevard in Burbank’s Magnolia Park district. The surrounding commercial corridor includes boutiques, restaurants, cafes, professional services, and neighborhood businesses. Nearby context also includes major studios and residential neighborhoods, with freeway access in the area.
Key Highlights
- Approximately 2,575 square feet on an approximately 3,375‑square‑foot lot
- Currently operating as an optometry office
- Two tandem parking areas at the rear accommodate up to four vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,157
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,140
$1.1M
Cap Rate 7%
$787,957
$788.0K
Cap Rate 9%
$612,856
$612.9K
Market Conditions
NOI Build-Up for 2,575 SF
Gross rent
$86.5K $33.60/SF
− Vacancy
−$13.0K −$5.04/SF
EGI
$73.5K $28.56/SF
− OpEx
−$18.4K −$7.14/SF
NOI
$55.2K $21.42/SF
Area
Burbank, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,140
Cap Rate 7%
$787,957
Cap Rate 9%
$612,856
Alternative Uses
Best Use
Office B
$788.0K
$689.5K – $919.3K
NOI $55,157 @ 7.0% cap · market cap 3.15%
Second Best
Healthcare Medical
$652.6K
$571.0K – $761.4K
NOI $45,683 @ 7.0% cap · market cap 2.61%
Theoretical Best
Multifamily LT 5
$52.17M
$45.65M – $60.86M
NOI $3,651,757 @ 7.0% cap · market cap 208.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,094
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Toluca Burbank Dog & Cat Hospital — 3121 W Burbank Blvd, Burbank, CA 91505
- Burbank Veterinary Center — 2118 W Burbank Blvd, Burbank, CA 91506
- ftg, llc — 1812 W Burbank Blvd, Burbank, CA 91506, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - The building is configured as an optometry office with central air and dedicated rear parking.
Where is this medical office space located?
The property is located at 2915 W Magnolia Boulevard Burbank, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 2,575 square feet on an approximately 3,375‑square‑foot lot; Currently operating as an optometry office; Two tandem parking areas at the rear accommodate up to four vehicles
