Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    640 Glenwood Pl Burbank, CA 91506
    Back to Search
    Property profile & analytics

    640 Glenwood Pl, Burbank, CA 91506

    View on Map
    • Industrial properties
    • 7,547 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ron Car Jump Start LA / Auto Repair Shop
    • Schneider Optics / Company Registry
    • Juniper Post / Recording Studio

    Property Details for 640 Glenwood Pl

    Year built
    1955
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 7,547-square-foot flex space at 640 S. Glenwood Place in Burbank, CA 91506, presents a unique opportunity for businesses seeking a versatile and well-appointed industrial property. Located in the heart of Burbank's Media District and "Audio Alley," this property offers unparalleled access to the region's thriving entertainment industry. Built in 1955, the building boasts 18 parking spaces, ensuring ample parking for employees and clients. The property is zoned BUM1 and is currently entirely vacant, providing immediate occupancy for a new tenant. The existing build-out includes a thoughtful layout featuring private offices, open bullpen work areas, a fully equipped kitchen, restrooms, a dedicated machine room, and a secure MPAA-compliant vault. This comprehensive suite of features makes this property ideal for a variety of creative and media-related businesses. The property's strategic location, combined with its functional and secure interior, makes it an exceptional investment opportunity. With 7,547 square feet of adaptable space, this property offers the flexibility to accommodate a wide range of business needs. Don't miss this chance to establish your business in one of Burbank's most desirable locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.314
    Latitude
    34.1656

    Comparable in this City

    • Value Estimation by Request
      8,474 SF

      1014-1020 Magnolia Blvd

      Flex space
      1014-1020 Magnolia Blvd, Burbank, CA 91506
      View Details
    • Value Estimation by Request
      2,500 SF

      Burbank, CA 91506

      INDUSTRIAL (GENERAL)
      Burbank, CA 91506
      View Details
    • Value Estimation by Request
      0.06 Acres

      720 Main St

      INDUSTRIAL (GENERAL)
      720 Main St, Burbank, CA 91506-2529
      View Details
    • Value Estimation by Request
      2,500 SF

      Burbank, CA 91506

      INDUSTRIAL (GENERAL)
      Burbank, CA 91506
      View Details
    • Value Estimation by Request
      11,965 SF

      1022-1024 Burbank Blvd

      Distribution properties
      1022-1024 Burbank Blvd, Burbank, CA 91506
      View Details
    • Value Estimation by Request
      1,771 SF

      626 Glenwood Pl

      INDUSTRIAL (GENERAL)
      626 Glenwood Pl, Burbank, CA 91506-2820
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,927 SF

      Burbank Flex Campus For Sale

      Flex campus ideal for film and production in Burbank.
      1101-1117 W Isabel St, Burbank, CA 91506
      View Details
    • Contact for pricing
      7,315 SF

      Burbank Flex Property For Sale

      Four-building flex property with month-to-month tenants, near Costco.
      1022-1024 W Burbank Blvd, Burbank, CA 91506
      View Details
    • Contact for pricing
      8,274 SF

      Creative Office/Warehouse/Flex Opportunity

      Three contiguous parcels with creative office, warehouse, and flex space.
      1014 Magnolia Blvd, Burbank, CA 91506
      View Details
    • $6,950,000

      Burbank Commercial-Industrial Property For Sale

      Two-parcel, six-building property near Costco and major developments.
      1022-1024 W Burbank Blvd, Burbank, CA 91506
      View Details
    • Contact for pricing
      11,521 SF

      Burbank Building Near Media District

      Burbank building with creative potential near studios and amenities.
      2101 W Olive Ave, Burbank, CA 91506
      View Details
    • Contact for pricing
      11,965 SF

      Commercial-Industrial Property on Burbank Boulevard

      Two-parcel, six-building property with street frontage near Costco.
      1022-1028 W Burbank Blvd, Burbank, CA 91506
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,318 SF

      Burbank Flex / Production Stages

      Flex building ideal for film and production with ample parking.
      1103-1107 W Isabel St, Burbank, CA 91506
      View Details
    • Contact for pricing
      10,432 SF

      Burbank Flex Building with Stages

      Flex building with production stages, ideal for film and production.
      1117 W Isabel St, Burbank, CA 91506
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Warehouse with Production Studio

      Turn-key production studio with high ceilings and loading bays.
      917-1001 Chestnut St, Burbank, CA 91506
      View Details
    • $2 SF/Yr
      30,000 SF

      Versatile Retail/Office Space Available

      Adaptable space suitable for retail or office tenants.
      1011 W Alameda Ave, Burbank, CA 91506
      View Details
    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.
    640 Glenwood Pl
    Burbank, CA 91506
    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
    640 Glenwood Pl, Burbank, CA, 91506
    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!