Remodeled Freestanding Office
For Sale
$5,995,000
703 Main Street, Burbank, CA 91506
Turnkey, remodeled freestanding building with on-site parking, multiple private entrances, and flexible space for office or medical use.
Property Size12,124 SF
Price / SF$494.47
Days on Market72
Property Features for 703 Main Street
General Information
Standard status
Active
Size
12,124 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1946
Listing Agency:
Beverly & Company Luxury Properties
(323) 410-0848
Listed By:
Sokrat Arzumanyan · License #01901158
Source:
Xome
Added: May 29
Changed: Jul 10
Last Checked: Aug 7 at 10:47AM
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 Beverly & Company Luxury Properties
Investment Insights
Based on property information with market context.
This remodeled freestanding commercial building offers a turnkey interior with upgraded systems and modern finishes throughout. With a spacious, flexible layout, the property supports a range of professional and client-facing uses, including private offices, conference rooms, collaborative workspaces, executive suites, and administrative or corporate operations. The building also features multiple private entrances to support efficient day-to-day flow and separate access needs.
Located at 703 S. Main Street in Burbank, the exterior presents clean architectural lines with contemporary styling and premium metal roofing accents, along with strong street presence. The property includes convenient on-site parking with ADA-compliant spaces and is designed to accommodate both staff and clients. Nearby business activity includes Downtown Burbank and surrounding retail and dining options, with convenient access to the 5, 134, and 101 freeways.
For owner-users and operators, the building’s combination of upgraded improvements, functional configuration, and multiple entry points can support everything from office and administrative teams to medical and creative professionals seeking a polished, move-in-ready setting. Its versatility also makes it suitable for organizations that need a mix of private offices and meeting space while maintaining a professional exterior presence.
Located at 703 S. Main Street in Burbank, the exterior presents clean architectural lines with contemporary styling and premium metal roofing accents, along with strong street presence. The property includes convenient on-site parking with ADA-compliant spaces and is designed to accommodate both staff and clients. Nearby business activity includes Downtown Burbank and surrounding retail and dining options, with convenient access to the 5, 134, and 101 freeways.
For owner-users and operators, the building’s combination of upgraded improvements, functional configuration, and multiple entry points can support everything from office and administrative teams to medical and creative professionals seeking a polished, move-in-ready setting. Its versatility also makes it suitable for organizations that need a mix of private offices and meeting space while maintaining a professional exterior presence.
Key Highlights
- 703 S. Main Street, Burbank: 12,125 SF freestanding commercial building extensively renovated with modern finishes
- Zoning: BUM1*; built in 1946
- On‑site parking with ADA‑compliant spaces and multiple private entrances
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
$259,696
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
4.33%
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%
$5,193,920
$5.2M
Cap Rate 7%
$3,709,943
$3.7M
Cap Rate 9%
$2,885,511
$2.9M
Market Conditions
NOI Build-Up for 12,124 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
$407.4K $33.60/SF
− Vacancy
−$61.1K −$5.04/SF
EGI
$346.3K $28.56/SF
− OpEx
−$86.6K −$7.14/SF
NOI
$259.7K $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%
$5,193,920
Cap Rate 7%
$3,709,943
Cap Rate 9%
$2,885,511
Alternative Uses
Best Use
Office B
$3.71M
$3.25M – $4.33M
NOI $259,696 @ 7.0% cap · market cap 4.33%
Second Best
Healthcare Medical
$3.07M
$2.69M – $3.58M
NOI $215,089 @ 7.0% cap · market cap 3.59%
Theoretical Best
Multifamily LT 5
$245.62M
$214.92M – $286.56M
NOI $17,193,747 @ 7.0% cap · market cap 286.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
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?
Office building - Turnkey, remodeled freestanding building with on-site parking, multiple private entrances, and flexible space for office or medical use.
Where is this office building located?
The property is located at 703 Main Street Burbank, CA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: 703 S. Main Street, Burbank: 12,125 SF freestanding commercial building extensively renovated with modern finishes; Zoning: BUM1*; built in 1946; On‑site parking with ADA‑compliant spaces and multiple private entrances
