Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space for Lease Title is generated by Realmo AI

    3601 West Olive Avenue, Burbank, CA 91505

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail property available for lease in Burbank, California.

    Type:Retail
    Added:
    Oct 1, 2021
    Days on Market:
    1705
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 3601 West Olive Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 3601 West Olive Avenue Contact us

    Suite 400 $4/Mo

    Size
    22,146 SF
    Type
    Retail
    Contact us

    Suite 600 $4/Mo

    Size
    5,579 SF
    Type
    Retail
    Contact us

    Suite 650 $4/Mo

    Size
    12,641 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    JIM LINDVALL

    Listing agent JIM LINDVALL License #CA 01012372

    Listing office JLL

    Listing date Oct 1, 2021

    Source Crexi

    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 JLL

    HighLights

    • Year Built: 1985

    Overview

    This retail property is available for lease at 3601 West Olive Avenue, Burbank, California.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horvitz & Levy LLP Law Firm Business Arts Plaza ... Professional Services CBDEES INVESTMENTS Agricultural Service SP+ Parking Parking Lot & Garage B3 Corporation University

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.3391054
    Latitude
    34.1526048

    Nearby Similar for Lease

    • $129-$7,464/Mo
      11-1,292 SF

      Burbank Business District

      303 Glenoaks Blvd, Unit 200, Burbank, CA 91502
      View Details
    • $129-$6,614/Mo
      11-1,292 SF

      CA, Burbank - The Tower

      3900 Alameda Ave, Burbank, CA 91505
      View Details
    • Sponsored
      $129-$7,316/Mo
      11-1,292 SF

      Burbank Media District

      4100 Alameda Ave, Unit 3RD, Burbank, CA 91505
      View Details
    • $1,150/Mo
      4,000 SF

      Burbank Media District Office Space

      Well-maintained office building in Burbank's Media District, near studios.
      3115 West Olive Avenue, Burbank, CA 91505
      View Details
    • $3 SF/Yr
      20,007 SF

      Renovated Burbank Office Campus

      338,000 SF office space with collaborative outdoor space.
      300 East Magnolia Boulevard, Burbank, CA, 91502
      View Details
    • $2 SF/Yr
      30,000 SF

      Versatile Retail/Office Space Available

      Adaptable space suitable for retail or office tenants.
      1011 W. Alameda Avenue, Burbank, California 91506
      View Details
    • $3 SF/Yr
      2,914 SF

      Downtown Burbank Office Space Available

      Office space for rent in the heart of Burbank.
      111 N First Street, Burbank, California 91502
      View Details
    • $3 SF/Yr
      9,888 SF

      Burbank Office Space Near Airport

      Office space near Burbank Airport with free parking and shuttle.
      2550 North Hollywood Way, Burbank, CA, 91505
      View Details
    • $3 SF/Yr
      6,163 SF

      Prime Retail Showroom in Burbank

      High-visibility retail/showroom space in Downtown Burbank, a walker's paradise.
      310 North San Fernando Boulevard, Burbank, CA, 91502
      View Details
    • $8,000/Mo

      Warehouse Space with M3 Zoning

      Industrial/warehouse space suitable for automotive or service-related businesses.
      3078 N Lima St, Burbank, CA
      View Details
    • $3 SF/Yr
      1,400 SF

      Downtown Burbank Medical Office Space

      Medical office space for lease in vibrant Downtown Burbank.
      255 E Orange Grove Ave, Burbank, California 91502
      View Details
    • $3 SF/Yr
      115,366 SF

      Renovated Burbank Office Campus

      338,000 SF office space with outdoor collaborative work space.
      303 North Glenoaks Boulevard, Burbank, CA, 91502
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for lease in Burbank, California.
    Where is this retail property located?
    The property is located at 3601 West Olive Avenue Burbank, CA.
    What is the lease rate?
    The lease rate is $55 SF/Yr.
    What are key features of this property?
    This property features: Year Built: 1985
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    JIM LINDVALL
    Real Estate License ID: CA 01012372
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3601 West Olive Avenue, Burbank, CA 91505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!