Industrial Warehouse with
For Sale
$1,150,000
Pending
3210 N San Fernando, Burbank, CA 91504
Vacant industrial building with 14-foot ceilings, loading area, gated entry, a private office, and updated HVAC and roof improvements.
Property Size2,464 SF
Days on Market126
Property Features for 3210 N San Fernando
General Information
Standard status
Pending
Size
2,464 SF
Additional Details
Highway Access
Yes
Clear Height
14 ft
Amenities
private office
gated entry
loading area
insulated skylights
alarm-ready
Central Air
Central
Building Details
Building Size
2,464 SF
Year Built
1951
Stories
1
Listing Agency:
The Art In Real Estate
Listed By:
Artin Sarkissian · License #01722942
(818) 437-2433
Source:
Evrealestate
Added: May 4
Changed: Aug 28
Last Checked: Aug 24 at 4:41AM
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 The Art In Real Estate
Investment Insights
Based on property information with market context.
Industrial building offered vacant and presented with a functional layout suitable for a variety of uses (buyer to verify). The property includes approximately 2,464 SF plus an additional 464 SF converted from parking, along with 14-foot ceilings, a loading area, gated entry, and a private office. The building is equipped with a 200-amp electrical panel and an alarm-ready system.
Recent updates, approximately 3–4 years ago, include HVAC (A/C and heat), partial roof improvements, and insulated skylights. Bike score is 13 and walk score is 11, indicating it is more car-dependent, with a transit score of 36.
The property is described as being near Downtown Burbank, the Metrolink, and Interstate 5, providing convenient access for owner-users and investors.
Recent updates, approximately 3–4 years ago, include HVAC (A/C and heat), partial roof improvements, and insulated skylights. Bike score is 13 and walk score is 11, indicating it is more car-dependent, with a transit score of 36.
The property is described as being near Downtown Burbank, the Metrolink, and Interstate 5, providing convenient access for owner-users and investors.
Key Highlights
- Vacant industrial building built in 1951, offering approx. 2,464 SF plus approx. 464 SF bonus space
- 14’ ceilings with a loading area and a functional layout for a variety of uses (buyer to verify)
- Gated property with a private office on‑site
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
$44,168
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
3.84%
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%
$883,360
$883.4K
Cap Rate 7%
$630,971
$631.0K
Cap Rate 9%
$490,756
$490.8K
Market Conditions
NOI Build-Up for 2,928 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
$55.5K $18.96/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$52.0K $17.75/SF
− OpEx
−$7.8K −$2.66/SF
NOI
$44.2K $15.08/SF
Area
Burbank, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$883,360
Cap Rate 7%
$630,971
Cap Rate 9%
$490,756
Alternative Uses
Best Use
Warehouse
$631.0K
$552.1K – $736.1K
NOI $44,168 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$59.32M
$51.90M – $69.21M
NOI $4,152,367 @ 7.0% cap · market cap 361.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,149
Businesses Nearby
Balanced
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial building with 14-foot ceilings, loading area, gated entry, a private office, and updated HVAC and roof improvements.
Where is this warehouse located?
The property is located at 3210 N San Fernando Burbank, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Vacant industrial building built in 1951, offering approx. 2,464 SF plus approx. 464 SF bonus space; 14’ ceilings with a loading area and a functional layout for a variety of uses (buyer to verify); Gated property with a private office on‑site
