Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2514-2516 Ontario St Burbank, CA 91504
    Back to Search
    Property profile & analytics

    2514-2516 Ontario St Burbank, CA 91504

    View on Map
    • Warehouses
    • 14,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2514-2516 Ontario St

    Year built
    1984
    Property size
    14,400 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This Burbank industrial warehouse, built in 1984, offers 14,400 total square feet with 11,400 square feet currently vacant. The property is zoned BUM2 and sits on a 24,829 square foot lot in Los Angeles County. Multiple tenancy options are available, with a minimum divisible space of 4,800 square feet and a maximum contiguous space of 6,600 square feet. The warehouse boasts a 20-foot ceiling height, ideal for various storage and operational needs. One drive-in door provides convenient access, complemented by eight total parking spaces. Electrical service includes a 200-amp, 240-volt system. The property's prime location in Burbank offers easy access to the 5 Freeway, placing businesses within close proximity to the Burbank Airport, and a variety of shopping and dining options. One unit includes a fully permitted 1,800 square foot structural mezzanine, adding valuable vertical space. This versatile space is perfect for businesses seeking efficient and strategically located warehouse solutions in the heart of Burbank.

    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
    -118.344
    Latitude
    34.1976

    Comparable in this City

    • Value Estimation
      $6,405,000
      38,915 SF

      2840 Ontario St

      WAREHOUSE, STORAGE • 38,915 SF
      2840 Ontario St, Burbank, CA 91504-2015
      View Details
    • Value Estimation
      $4,820,000
      27,439 SF

      2820 Ontario St

      WAREHOUSE, STORAGE • 27,439 SF
      2820 Ontario St, Burbank, CA 91504-2015
      View Details
    • Value Estimation
      $1,930,000
      16,650 SF

      1830 Valpreda St

      WAREHOUSE, STORAGE • 16,650 SF
      1830 Valpreda St, Burbank, CA 91504-3430
      View Details
    • Value Estimation
      $8,580,000
      63,351 SF

      3110 San Fernando Blvd

      WAREHOUSE, STORAGE • 63,351 SF
      3110 San Fernando Blvd, Burbank, CA 91504-2503
      View Details
    • Value Estimation
      $1,870,000
      15,936 SF

      3300 San Fernando Blvd

      WAREHOUSE, STORAGE • 15,936 SF
      3300 San Fernando Blvd, Burbank, CA 91504-2530
      View Details
    • Value Estimation
      $7,270,000
      6,660 SF

      2080 Floyd St

      WAREHOUSE, STORAGE • 6,660 SF
      2080 Floyd St, Burbank, CA 91504-3408
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,400 SF

      Distribution/Manufacturing Building with Secured Yard

      Distribution/Manufacturing building featuring a secured yard and freeway frontage.
      2930 N San Fernando Blvd, Burbank, CA 91504
      View Details
    • Contact for pricing
      10,051 SF

      Burbank Warehouse with Designer Office

      Air-conditioned distribution/warehouse building near Burbank Airport.
      7575 N San Fernando Rd, Burbank, CA 91504
      View Details
    • Contact for pricing
      7,690 SF

      Industrial Property in Burbank, CA

      7,690 SqFt industrial property available for sale.
      3083 N Lima St, Burbank, CA 91504
      View Details
    • Contact for pricing
      8,800 SF

      Industrial Building with Sound Stage

      Industrial building featuring sound stage improvements and a fenced yard.
      3050 N Lima St, Burbank, CA 91504
      View Details
    • $1,498,000

      Burbank M2-Zoned Industrial Property

      Versatile industrial property in Burbank's media and production corridor.
      2720 North Ontario St, Burbank, CA 91504
      View Details
    • Contact for pricing

      Burbank Multifamily Investment Opportunity

      Charming five-unit bungalow in desirable Burbank neighborhood.
      1113 N Glenoaks Blvd, Burbank, CA 91504
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,861 SF

      Newer Industrial Building Sublease Available

      Industrial building with 26' clear height near Hollywood Burbank Airport.
      2840-2842 Ontario St, Burbank, CA 91504
      View Details
    • $1.40 SF/Yr

      Winona Avenue Warehouse Availability

      Two free-standing buildings with loading docks in Los Angeles.
      2901-2911 Winona Ave, Burbank, CA 91504
      View Details
    • Contact for pricing
      17,000 SF

      Burbank Warehouse with Air Conditioning

      Freestanding, air-conditioned warehouse with yard and loading docks available for sublease.
      2905 Winona Ave, Burbank, CA 91504
      View Details
    • Contact for pricing
      7,650 SF

      Burbank Industrial Space For Rent

      Industrial space near Burbank Airport with excellent access and amenities.
      2850 N California St, Burbank, CA 91504
      View Details
    • Contact for pricing
      19,916 SF

      Burbank Warehouse with Freeway Visibility

      High-image warehouse/industrial space near Burbank Airport with excellent visibility.
      2860-2870 N Ontario St, Burbank, CA 91504
      View Details
    • Contact for pricing
      5,500 SF

      Burbank Flex Space Sublease

      5,500 SF shared sublease opportunity in Burbank, California.
      2529 North Ontario St, Burbank, CA 91504
      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.
    2514-2516 Ontario St
    Burbank, CA 91504
    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
    2514-2516 Ontario St, Burbank, CA, 91504
    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!