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    Palm Ave Burbank, CA 91502
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    Palm Ave Burbank, CA 91502

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Palm Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This thriving Burbank sushi restaurant presents a unique investment opportunity. Located on Palm Ave in the heart of Los Angeles County, 91502, this 3,500 square foot establishment boasts a strong, stable customer base, situated near popular local attractions, ensuring consistent traffic. The business enjoys impressive financial performance, generating a gross monthly sale of $270,000 and a high net profit margin. This makes it an exceptionally attractive proposition for discerning investors. The current operational structure allows for absentee ownership, providing flexibility for the new owner. An SBA loan is available, covering 90% of the purchase price, significantly reducing the initial financial commitment. The asking price for this turnkey operation is $2,400,000. Serious inquiries only

    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
    -118.311
    Latitude
    34.182

    Comparable in this City

    • Value Estimation by Request
      40,000 SF

      140 Palm Ave

      Restaurants • 40,000 SF
      140 Palm Ave, Burbank, CA 91502
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    • Value Estimation by Request
      6,610 SF

      330 Victory Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,610 SF
      330 Victory Blvd, Burbank, CA 91502-1840
      View Details
    • Value Estimation by Request
      3,550 SF

      205 Blvd

      Retail properties & Spaces • 3,550 SF
      205 Blvd, Burbank, CA 91502
      View Details
    • Value Estimation by Request
      1,500 SF

      821 Glenoaks Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,500 SF
      821 Glenoaks Blvd, Burbank, CA 91502-1523
      View Details
    • Value Estimation by Request
      2,992 SF

      309 Verdugo Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,992 SF
      309 Verdugo Ave, Burbank, CA 91502-2341
      View Details
    • Value Estimation by Request
      275,000 SF

      275 1St St

      Retail properties & Spaces • 275,000 SF
      275 1St St, Burbank, CA 91502
      View Details

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      Burbank Business Opportunity For Sale

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    Similar Nearby for Lease

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      Restaurant Space Near AMC Theaters

      Restaurant space available next to a high-grossing AMC theater.
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    • $13,000 /Mo
      2,645 SF

      Prime Burbank Retail/Restaurant Space

      Located in a trendy restaurant corridor near major entertainment companies.
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      4,515 SF

      Restaurant, Bar, Retail Space Available

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      Retail/Office Space in Downtown Burbank

      Prime corner location suitable for retail, office, or medical use.
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      Prime Retail Showroom in Burbank

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    Palm Ave
    Burbank, CA 91502
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    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
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    Palm Ave, Burbank, CA, 91502
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