Burbank Commercial Property For
For Sale
Contact for pricing
610 N Hollywood Way, Burbank, CA 91505
Located in Burbank's Magnolia Park District near Media District.
Property Size31,377 SF
Price / SF$478.06
Days on Market177
Property Features for 610 N Hollywood Way
General Information
Standard status
Active
Size
31,377 SF
Property subtype
Retail, Office
Zoning
BUR4
Building Details
Year Built
1990
Year Renovated
2013
Stories
3
Listing Agency:
Lee & Associates - LA North - Sherman Oaks
(818) 986-9800
Listed By:
Stacy Vierheilig-Fraser · License #CA 00986794
Source:
Crexi
Added: Mar 7
Changed: Aug 22
Last Checked: Aug 29 at 10:12PM
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 Lee & Associates - LA North - Sherman Oaks
Investment Insights
Based on property information with market context.
The property at 610 North Hollywood Way is located on the southwest corner of Burbank’s Magnolia Park District, less than a quarter mile from Burbank’s Media District and Warner Bros. Ranch Facilities. It is less than half a mile from the 134 Freeway, providing access to both the 5 Freeway and SR 170. The location offers numerous dining options and retail stores in the immediate area. The property has a walkability score of 83/100, indicating a very walkable area. The property size is 31377 square feet.
Key Highlights
- Prime location near Burbank's Media District and Warner Bros. Ranch.
- High walkability score (83/100) with numerous dining and retail options.
- Easy access to the 134 Freeway.
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
$793,115
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
5.29%
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%
$15,862,300
$15.9M
Cap Rate 7%
$11,330,214
$11.3M
Cap Rate 9%
$8,812,389
$8.8M
Market Conditions
NOI Build-Up for 31,377 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
$1.16M $36.96/SF
− Vacancy
−$26.7K −$0.85/SF
EGI
$1.13M $36.11/SF
− OpEx
−$339.9K −$10.83/SF
NOI
$793.1K $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%
$15,862,300
Cap Rate 7%
$11,330,214
Cap Rate 9%
$8,812,389
Alternative Uses
Best Use
Retail
$11.33M
$9.91M – $13.22M
NOI $793,115 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$9.60M
$8.40M – $11.20M
NOI $672,095 @ 7.0% cap · market cap 4.48%
Theoretical Best
Multifamily LT 5
$635.68M
$556.22M – $741.63M
NOI $44,497,543 @ 7.0% cap · market cap 296.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,837
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?
Retail property - Located in Burbank's Magnolia Park District near Media District.
Where is this retail property located?
The property is located at 610 N Hollywood Way Burbank, CA.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Prime location near Burbank's Media District and Warner Bros. Ranch.; High walkability score (83/100) with numerous dining and retail options.; Easy access to the 134 Freeway.
