Freestanding Flex Space with Large
For Sale
Contact for pricing
3083 N Lima St, Burbank, CA 91504
Freestanding flex space zoned M2 with a large yard and potential for additional on-site parking.
Property Size7,690 SF
Price / SF$429.13
Days on Market146
Property Features for 3083 N Lima St
General Information
Standard status
Active
Size
7,690 SF
Property subtype
INDUSTRIAL
Zoning
M2
Additional Details
Highway Access
Yes
Listing Agency:
Cushman & Wakefield
(323) 363-3694
Listed By:
Tim Wallace
(323) 363-3694
Source:
Moodyscre
Added: Mar 10
Changed: Jul 30
Last Checked: Aug 1 at 10:12AM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
Freestanding flex space offering 7,690 SF of building area, paired with a large yard that may support additional on-site parking. The property’s M2 zoning is designed to allow for flexible uses, making it suitable for a range of business operations that need both functional interior space and outdoor work or storage area.
The site is located close to Burbank Hollywood Airport and the 5 Freeway, supporting convenient regional access for customers, employees, and deliveries.
With its combination of freestanding configuration, yard area, and industrial-flex zoning, this property can be a strong fit for users seeking an adaptable facility layout rather than a multi-tenant setup.
The site is located close to Burbank Hollywood Airport and the 5 Freeway, supporting convenient regional access for customers, employees, and deliveries.
With its combination of freestanding configuration, yard area, and industrial-flex zoning, this property can be a strong fit for users seeking an adaptable facility layout rather than a multi-tenant setup.
Key Highlights
- 7,690 SF freestanding flex space building
- Large yard with potential for additional parking
- M2 zoning supporting flexible uses
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.8k | $18.96 |
| − Vacancy | −$9.3k | −$1.21 |
| EGI | $136.5k | $17.75 |
| − OpEx | −$40.9k | −$5.32 |
| NOI | $95.5k | $12.42 |
7,690 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.36M
$1.19M – $1.59M
NOI $95,530 @ 7.0% cap · market cap 2.89%
Second Best
Flex RnD
$1.27M
$1.11M – $1.48M
NOI $88,706 @ 7.0% cap · market cap 2.69%
Theoretical Best
Multifamily LT 5
$155.79M
$136.32M – $181.76M
NOI $10,905,635 @ 7.0% cap · market cap 330.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Under-served
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.
Similar Off Market Nearby
- Marie’s Southern Comfort — Winona Ave, Burbank, CA 91504
- Eagle Foods Inc — 7782 San Fernando Rd, Sun Valley, CA 91352
- Maria Galindo Catering Service — 7854 Ferncola Ave, Sun Valley, CA 91352
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex space zoned M2 with a large yard and potential for additional on-site parking.
Where is this flex space located?
The property is located at 3083 N Lima St Burbank, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 7,690 SF freestanding flex space building; Large yard with potential for additional parking; M2 zoning supporting flexible uses
