Divisible Flex Office
For Sale
Contact for pricing
3318 Burton Ave, Burbank, CA 91504
Fully renovated free-standing building with 100% HVAC, new roof, and divisible units with separately metered power.
Property Size9,103 SF
Price / SF$425
Days on Market152
Property Features for 3318 Burton Ave
General Information
Standard status
Active
Size
9,103 SF
Property subtype
Industrial
Zoning
M2
Additional Details
Heavy Power
Yes
Building Details
Year Built
1955
Year Renovated
2026
Units
2
Listing Agency:
NAI Capital HQ
Listed By:
Chad Gahr · License #CA 01230414
(818) 383-5581
Source:
Crexi
Added: Apr 17
Changed: Sep 13
Last Checked: Sep 15 at 7:12AM
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 NAI Capital HQ
Investment Insights
Based on property information with market context.
This fully renovated, free-standing building offers 100% HVAC and modern building systems and finishes, including a new roof, new offices, new LED lighting, and a new stucco facade. The property is divisible into two units of equal size, each with separately metered power for independent operations.
Power service is supported by 800 amps of 120/208-volt, 3-phase electricity, and the HVAC scope includes 16 tons of new capacity. Exterior improvements include a new parking lot and an automated wrought iron gate.
Designed to accommodate multiple occupants, the layout allows for separate unit configuration while maintaining a cohesive building footprint.
Power service is supported by 800 amps of 120/208-volt, 3-phase electricity, and the HVAC scope includes 16 tons of new capacity. Exterior improvements include a new parking lot and an automated wrought iron gate.
Designed to accommodate multiple occupants, the layout allows for separate unit configuration while maintaining a cohesive building footprint.
Key Highlights
- Fully renovated free‑standing building with 100% HVAC and new roof
- Divisible into (2) 4,552 SF units with separately metered power
- New HVAC system: 16 tons of new 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
$113,083
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
2.92%
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%
$2,261,660
$2.3M
Cap Rate 7%
$1,615,471
$1.6M
Cap Rate 9%
$1,256,478
$1.3M
Market Conditions
NOI Build-Up for 9,103 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
$172.6K $18.96/SF
− Vacancy
−$11.0K −$1.21/SF
EGI
$161.5K $17.75/SF
− OpEx
−$48.5K −$5.32/SF
NOI
$113.1K $12.42/SF
Area
Burbank, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$2,261,660
Cap Rate 7%
$1,615,471
Cap Rate 9%
$1,256,478
Alternative Uses
Best Use
Industrial
$1.62M
$1.41M – $1.88M
NOI $113,083 @ 7.0% cap · market cap 2.92%
Second Best
Flex RnD
$1.50M
$1.31M – $1.75M
NOI $105,006 @ 7.0% cap · market cap 2.71%
Theoretical Best
Multifamily LT 5
$184.42M
$161.37M – $215.16M
NOI $12,909,492 @ 7.0% cap · market cap 333.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,040
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated free-standing building with 100% HVAC, new roof, and divisible units with separately metered power.
Where is this flex space located?
The property is located at 3318 Burton Ave Burbank, CA.
What is the asking price?
The asking price for this property is $3,868,775.
What are key features of this property?
This property features: Fully renovated free‑standing building with 100% HVAC and new roof; Divisible into (2) 4,552 SF units with separately metered power; New HVAC system: 16 tons of new HVAC
