Office Units with On-Site
For Sale
$1,299,000
3512 W Victory, Burbank, CA 91505
Commercial office property along Victory Boulevard with access to surrounding residential and commercial areas.
Property Size1,700 SF
Price / SF$764.12
Days on Market8
Property Features for 3512 W Victory
General Information
Standard status
Active
Size
1,700 SF
Total Parking Spaces
6
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Building Size
1,700 SF
Year Built
1953
Listing Agency:
Strategic Estates Group
Listed By:
Gevork Geogdzhyan · License #02047601
Source:
Archetyperealty
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 30 at 11:44PM
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 Strategic Estates Group
Investment Insights
Based on property information with market context.
This 1,700-square-foot office property at 3512 W Victory Blvd in Burbank provides a functional commercial setting for professional, office, medical, healthcare, or service-related operations. Constructed in 1953, the building offers a practical footprint for an owner-user or service-oriented business seeking a dedicated location.
Six on-site parking spaces support employee, client, and visitor access. The property fronts West Victory Boulevard within an established Burbank commercial area, with connections to nearby residential and commercial districts, local amenities, and major transportation routes.
Six on-site parking spaces support employee, client, and visitor access. The property fronts West Victory Boulevard within an established Burbank commercial area, with connections to nearby residential and commercial districts, local amenities, and major transportation routes.
Key Highlights
- 1,700‑square‑foot office property at 3512 W Victory Blvd, Burbank, CA 91505
- Six on‑site parking spaces
- Located along West Victory Boulevard
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
$36,414
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
2.80%
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%
$728,280
$728.3K
Cap Rate 7%
$520,200
$520.2K
Cap Rate 9%
$404,600
$404.6K
Market Conditions
NOI Build-Up for 1,700 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
$57.1K $33.60/SF
− Vacancy
−$8.6K −$5.04/SF
EGI
$48.6K $28.56/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$36.4K $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%
$728,280
Cap Rate 7%
$520,200
Cap Rate 9%
$404,600
Alternative Uses
Best Use
Office B
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$34.44M
$30.14M – $40.18M
NOI $2,410,869 @ 7.0% cap · market cap 185.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,103
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 units - Commercial office property along Victory Boulevard with access to surrounding residential and commercial areas.
Where is this office units located?
The property is located at 3512 W Victory Burbank, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 1,700‑square‑foot office property at 3512 W Victory Blvd, Burbank, CA 91505; Six on‑site parking spaces; Located along West Victory Boulevard
