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 Market223
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
Listed By:
Stacy Vierheilig-Fraser · License #CA 00986794
(818) 986-9800
Source:
Crexi
Added: Mar 7
Changed: Oct 9
Last Checked: Oct 14 at 9:22PM
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
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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 / Yr
$793,115
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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.
