Storefront Building with Display
New
For Sale
$1,795,000
3131 W Burbank Blvd, Burbank, CA 91505
Commercial building with alley access, on-site parking, and a month-to-month tenancy.
Property Size2,560 SF
Lot Size0.08 Acres
Price / SF$701.17
Days on Market2
Property Features for 3131 W Burbank Blvd
General Information
Standard status
Active
Size
2,560 SF
Lot size
0.08 Acres
Property subtype
Commercial
Building Details
Building Size
2,560 SF
Year Built
1953
Buildings
1
Units
1
Listed By:
Robert Thomas
(818) 247-9000
Source:
Elliman
Added: Sep 21
Last Checked: Sep 21 at 3:15PM
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 Robert Thomas
Investment Insights
Based on property information with market context.
This 2,560-square-foot commercial building was constructed in 1953 on a 3,456-square-foot lot. The property includes a storefront with large display windows, on-site parking, and access from the alley. Its current tenancy is month to month, providing flexibility for an owner-user or continued occupancy.
Located at 3131 W. Burbank Blvd. in Burbank, the building sits between N. California and N. Ontario Streets. Walk Score is 93, Bike Score is 69, and Transit Score is 62, reflecting access to walking, biking, and public transportation options. The storefront configuration and street-facing presentation support a range of retail-oriented commercial uses.
Located at 3131 W. Burbank Blvd. in Burbank, the building sits between N. California and N. Ontario Streets. Walk Score is 93, Bike Score is 69, and Transit Score is 62, reflecting access to walking, biking, and public transportation options. The storefront configuration and street-facing presentation support a range of retail-oriented commercial uses.
Key Highlights
- 2,560 SF commercial building constructed in 1953
- 3,456 SF lot with on‑site parking
- Large display windows provide a storefront presentation
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
$64,709
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
3.60%
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%
$1,294,180
$1.3M
Cap Rate 7%
$924,414
$924.4K
Cap Rate 9%
$718,989
$719.0K
Market Conditions
NOI Build-Up for 2,560 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
$94.6K $36.96/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$92.4K $36.11/SF
− OpEx
−$27.7K −$10.83/SF
NOI
$64.7K $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%
$1,294,180
Cap Rate 7%
$924,414
Cap Rate 9%
$718,989
Alternative Uses
Best Use
Retail
$924.4K
$808.9K – $1.08M
NOI $64,709 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$51.86M
$45.38M – $60.51M
NOI $3,630,484 @ 7.0% cap · market cap 202.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 38%
Beauty & Spa 6%
Hotels & Casinos 2%
Smart & Final
Groceries
18,781 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,509 visits/mo
0.5 miles
7-Eleven
Shops & Services
7,643 visits/mo
0.2 miles
AutoZone
Shops & Services
4,652 visits/mo
0.4 miles
Sinclair
Shops & Services
3,339 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with alley access, on-site parking, and a month-to-month tenancy.
Where is this storefront property located?
The property is located at 3131 W Burbank Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 2,560 SF commercial building constructed in 1953; 3,456 SF lot with on‑site parking; Large display windows provide a storefront presentation
