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    1011 W Alameda Ave Burbank, CA 91506
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    1011 W Alameda Ave, Burbank, CA 91506

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    • Community centers
    • 33,237 SF
    • 1.91 lot acres
    For Sale
    $14,750,000
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    Burbank Mixed-Use Property for Sale For Sale
    $14,750,000
    33,285 SF

    Burbank Mixed-Use Property for Sale

    Mixed-use property ideal for entertainment, medical, or retail purposes.

    1011 W Alameda Ave, Burbank, CA 91506
    View Listing
    Property ID
    US09-6944903
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Handyman & Remodeling B / Hardware & Home Improvement / General Contractor

    Property Details for 1011 W Alameda Ave

    Year built
    1960
    Construction
    TILT-UP CONCRETE
    Lot size
    1.91 lot acres
    Zone code
    BUM1*
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    2445-029-020
    APU
    2445029020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2026 $12,500,000 1818 Glenoaks LLC Victor Backus & Co Grant Deed $6.5M · First Citizens Bank And Trust Company
    Nov 3, 2023 — Milda Maria Gray Denis Leon Gray Affidavit Of Death Of Joint Tenant · related —

    Description

    This exceptional Burbank commercial property, located at 1011 W. Alameda Ave, offers a unique investment opportunity. The 33,285 square foot building sits on a 1.92-acre lot and boasts a diverse mix of uses, including medical office, creative office, and flex space, currently occupied by three tenants under a NNN lease structure. Built in 1960 and renovated in 1987, the property features a desirable mix of individual retail/office spaces, retail pad buildings, and approximately 15,000 square feet of high-end post-production space. Key features include high ceilings with minimal columns, exposed red brick block walls, dual fiber optic loops for redundant connectivity, heavy power with conditioned power, excellent freeway and mass transit access, line-of-sight pole signage, and a completed seismic retrofit. The property benefits from a favorable RC zoning designation and no gross receipts tax. The current Net Operating Income (NOI) is $130,000, making this a strong cash-flowing asset. The asking price is $14,750,000. The property's APN is 2445-029-020. This is a rare opportunity to acquire a free-standing building in a highly desirable Burbank location with significant upside potential. The 19-foot ceiling height provides ample space and flexibility for various tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.314
    Latitude
    34.1638
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $48,707
    $834,985
    $3,152,701
    $3,987,686
    -
    $0.00
    $0.00
    $0.00

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    Similar Nearby for Lease

    • $2 SF/Yr
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      Versatile Retail/Office Space Available

      Adaptable space suitable for retail or office tenants.
      1011 W Alameda Ave, Burbank, CA 91506
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      Burbank Commercial Building For Lease

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      Burbank Commercial Space Available

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    Burbank, CA 91506
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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.

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