Industrial Flex Space with Loading
For Sale
Contact for pricing
Pending
625-633 S Glenwood Place, Burbank, CA 91506
Two-building property with clear-span interiors, on-site parking, and BUM1 zoning in Burbank’s Media District.
Property Size7,705 SF
Days on Market368
Property Features for 625-633 S Glenwood Place
General Information
Standard status
Pending
Size
7,705 SF
Property subtype
Industrial
Zoning
BUM1 (Media District Light Industrial / Mixed Use)
Lease Type
Modified Gross
Building Details
Year Built
1967
Buildings
2
Stories
1
Listing Agency:
Coldwell Banker Commercial NRT Pasadena
(626) 844-2200
Listed By:
Bill Ukropina · License #CA
Source:
Crexi
Added: Aug 28, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:54PM
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 Coldwell Banker Commercial NRT Pasadena
Investment Insights
Based on property information with market context.
This industrial flex property includes two buildings totaling approximately 7,705 SF on three contiguous parcels comprising approximately 26,183 SF of land. Steel-reinforced red block construction, clear-span interiors, four grade-level loading doors, 15- to 20-foot clear heights, and on-site parking support functional commercial operations. The improvements date to 1967.
BUM1 zoning designates the site for Media District Light Industrial and Mixed Use. The property is located at 625-633 S Glenwood Place in Burbank’s Media District and offers documented potential for media, production, post-production, creative office, or adaptive reuse applications.
BUM1 zoning designates the site for Media District Light Industrial and Mixed Use. The property is located at 625-633 S Glenwood Place in Burbank’s Media District and offers documented potential for media, production, post-production, creative office, or adaptive reuse applications.
Key Highlights
- Two buildings totaling +/- 7,705 SF
- Three contiguous land parcels totaling +/-26,183 square feet
- Four grade‑level loading doors with 15- to 20‑foot clear heights
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
$165,041
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
4.18%
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%
$3,300,820
$3.3M
Cap Rate 7%
$2,357,729
$2.4M
Cap Rate 9%
$1,833,789
$1.8M
Market Conditions
NOI Build-Up for 7,705 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
$258.9K $33.60/SF
− Vacancy
−$38.8K −$5.04/SF
EGI
$220.1K $28.56/SF
− OpEx
−$55.0K −$7.14/SF
NOI
$165.0K $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%
$3,300,820
Cap Rate 7%
$2,357,729
Cap Rate 9%
$1,833,789
Alternative Uses
Best Use
Office B
$2.36M
$2.06M – $2.75M
NOI $165,041 @ 7.0% cap · market cap 4.18%
Second Best
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,227 @ 7.0% cap · market cap 2.94%
Theoretical Best
Multifamily LT 5
$156.10M
$136.59M – $182.12M
NOI $10,926,907 @ 7.0% cap · market cap 276.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91506, CA
19,338
Population
8,530
Households
2.3
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,058
Density / Sq Mi
$107,171
Median Household Income
$60,017
Median Earnings
$1,913
Median Rent
$1,055,600
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?
Flex space - Two-building property with clear-span interiors, on-site parking, and BUM1 zoning in Burbank’s Media District.
Where is this flex space located?
The property is located at 625-633 S Glenwood Place Burbank, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Two buildings totaling +/- 7,705 SF; Three contiguous land parcels totaling +/-26,183 square feet; Four grade‑level loading doors with 15- to 20‑foot clear heights
