Burbank Boulevard Commercial
For Sale
Contact for pricing
3500 W Burbank Blvd, Burbank, CA 91505
Commercial property in high-demand Burbank market with excellent exposure.
Property Size8,830 SF
Price / SF$560.59
Days on Market107
Property Features for 3500 W Burbank Blvd
General Information
Standard status
Active
Size
8,830 SF
Total Parking Spaces
24
Property subtype
Office
Zoning
BUC3
Investment Type
Owner/User
Building Details
Year Built
2003
Buildings
1
Stories
2
Listing Agency:
IKON Properties
(818) 246-1099
Listed By:
Blas Fernandez · License #CA 02012036
Source:
Crexi
Added: May 15
Changed: Aug 7
Last Checked: Aug 29 at 11:19AM
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 IKON Properties
Investment Insights
Based on property information with market context.
Located on Burbank Boulevard in Burbank, this property is situated in a commercial hub surrounded by retail, office, entertainment, and service-oriented businesses. The property benefits from street frontage and visibility along a heavily traveled thoroughfare, offering exposure to vehicular and pedestrian traffic. The location supports a variety of commercial uses including retail, office, showroom, or professional service operations, subject to zoning and city approval. The property also offers access to the 5 and 134 freeways, providing connectivity throughout Burbank, the San Fernando Valley, and greater Los Angeles. With its central infill location and placement within one of Burbank’s active commercial corridors, the property presents an opportunity for owner-users and investors seeking a well-positioned asset in a high-demand market. The property size is 8830 square feet.
Key Highlights
- Prime location on Burbank Boulevard in a high‑demand media and commercial hub.
- High visibility with strong street frontage and exposure to heavy vehicular and pedestrian traffic.
- Versatile commercial uses possible (retail, office, showroom, etc., subject to zoning).
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
$189,139
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
3.82%
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%
$3,782,780
$3.8M
Cap Rate 7%
$2,701,986
$2.7M
Cap Rate 9%
$2,101,544
$2.1M
Market Conditions
NOI Build-Up for 8,830 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
$296.7K $33.60/SF
− Vacancy
−$44.5K −$5.04/SF
EGI
$252.2K $28.56/SF
− OpEx
−$63.0K −$7.14/SF
NOI
$189.1K $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 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%
$3,782,780
Cap Rate 7%
$2,701,986
Cap Rate 9%
$2,101,544
Alternative Uses
Best Use
Office B
$2.70M
$2.36M – $3.15M
NOI $189,139 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$178.89M
$156.53M – $208.71M
NOI $12,522,335 @ 7.0% cap · market cap 252.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial property in high-demand Burbank market with excellent exposure.
Where is this office building located?
The property is located at 3500 W Burbank Blvd Burbank, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Prime location on Burbank Boulevard in a high‑demand media and commercial hub.; High visibility with strong street frontage and exposure to heavy vehicular and pedestrian traffic.; Versatile commercial uses possible (retail, office, showroom, etc., subject to zoning).
