Technical
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Property profile

224 Olive Ave Burbank, CA 91502

OFF-MARKET
Retail properties & Spaces
2,756 SF
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Property summary

AI-generated overview

This exceptional Burbank medical office building, located at 224 E Olive Avenue, presents a fantastic leasing opportunity. The property boasts a total of 2,756 square feet, with two available suites ranging from 663 to 1,433 contiguous square feet. A significant 2,096 square feet is currently vacant, providing flexibility for various business needs. The building's prime corner location at East Olive Avenue and San Fernando Boulevard offers unparalleled visibility and accessibility. Its strategic position provides convenient access to the Golden State (5) Freeway and public transportation, ensuring easy commutes for both staff and clients. The surrounding area is vibrant, with a wealth of amenities including restaurants, banks, entertainment venues, and shopping options, creating a desirable environment for employees and attracting potential customers. Adding to its convenience, a public parking facility is situated directly behind the building, eliminating parking concerns. This property is ideal for small businesses and medical professionals seeking a high-visibility, well-located space in the thriving Burbank submarket of Los Angeles County. The building is classified as both retail and office space, suitable for a variety of uses. The minimum divisible space is 663 square feet, while the maximum contiguous space available is 1,433 square feet.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,756 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Loan Service
  • Home Health Care Service
  • Home Health Care Service
  • Home Health Care Service

Location

224 Olive Ave Burbank, CA 91502
Burbank metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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