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Property profile & analytics
FOR SALE
Retail space
1022 W Burbank Blvd Burbank, CA 91506
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7324916
For Sale
1 / 2
$3,350,000
1022 W Burbank Blvd, Burbank, CA 91506
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
TILT-UP CONCRETE
Total area
6,560 SF
Lot
0.4 ac (17,500 SF)
Zoning code
BUC4-M2*
APN
2449-011-017
UPID
US09-7324916
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.41M
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$4.20M
Owner & transaction history
Burbank Squared LLC · 5 yrs held
Burbank Squared LLC
since 2020
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
BUC4-M2* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+44.0%
Restaurant
$4.3M
+19.0%
Neighborhood: shopping center
$4.0M
+11.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,375,000
ML approach
$4,410,000
CAP Approach
CAP Return
Estimation
6%
$2,765,000
6.5%
$2,550,000
7%
$2,370,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,590,000
Current use
AUTO REPAIR, GARAGE
$5,170,000
Change: +44% · Conversion: Difficult
RESTAURANT
$4,270,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,990,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$3,530,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$3,255,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,150,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$2,980,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.00M (Sep 30 2020)
Last sale anchor
$4.00M
Sep 30 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$640 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$27,170
Tax year 2024
Assessed value
$2,377,105
Assessed 2024
Previous assessed
$2,377,105
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,857,114
Assessed improvement
$519,991
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
6,560 SF
Lot
0.4 ac (17,500 SF)
Zoning code
BUC4-M2*
APN
2449-011-017
UPID
US09-7324916
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC4-M2* · Burbank, CA
Zoning BUC4-M2* · permitted uses
BUC4-M2* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burbank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RESTAURANT
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
Burbank Squared LLC
Entity
Mailing address
1111 N BRAND BLVD STE #200, GLENDALE, CA 91202-3023
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
$4,000,000
Burbank Squared LLC
Jlsjba LLC
Grant Deed
$2,200,000 · E Central Cu
Apr 13, 2012
—
Jlsjba LLC
Fitzpatrick,ryan L
Deed Of Trust
$1,000,000 · Standard Insurance Co
Sep 10, 2008
—
Jack L Fitzpatrick
Fitzpatrick Family Trust
Quit Claim Deed
related
—
Nov 2, 1998
—
Fitzpatrick,jack L Tr
—
Deed Of Trust
related
—
Sep 16, 1992
—
Fitzpatrick Wanda M Tr
—
Deed Of Trust
related
—
—
—
Fitzpatrick Family Trust
—
Deed Of Trust
related
$900,100 · Community Commerce Bank
—
—
Fitzpatrick,tr
—
Deed Of Trust
related
$550,000 · Community Commerce Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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