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    Property profile & analytics

    1109 San Fernando Blvd Burbank, CA 91504

    • Medical offices
    • 4,459 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2023
    $2,925,000
    Value Estimations
    $2,965,000
    Show details
    Cap Rate Potential
    2.7%
    Medical offices
    Location Intelligence
    Property ID
    US09-8648878
    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.

    Current Use by Public Records

    • Flower Delivery Burbank / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 1109 San Fernando Blvd

    Year built
    1973
    Construction
    TILT-UP CONCRETE
    Lot size
    0.65 lot acres
    Property size
    4,459 SF
    Zone code
    BUC3-R4*
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    2460-021-011
    APU
    2460021011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,980,000
      ML approach
      $3,020,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,306,000
      Market price range: $1.02M - $3.31M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,025,000
      Current use
      AUTO REPAIR, GARAGE
      $3,515,000
      Change: +73% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,715,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $2,475,000
      Change: +22% Conversion: Easy
      RETAIL STORES
      $2,380,000
      Change: +17% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,210,000
      Change: +9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,140,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.319
    Latitude
    34.1879
    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
    $33,966
    $2,244,000
    $739,500
    $2,983,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,495,000
      7,723 SF

      1211 San Fernando Blvd

      MEDICAL BUILDING • 7,723 SF
      1211 San Fernando Blvd, Burbank, CA 91504-4234
      View Details
    • Value Estimation
      $540,000
      24,591 SF

      1907 Grismer Ave

      HOMES (RETIRED, NURSING) • 24,591 SF
      1907 Grismer Ave, Burbank, CA 91504
      View Details
    • Value Estimation
      $605,000
      31,752 SF

      1900 Grismer Ave

      HOMES (RETIRED, NURSING) • 31,752 SF
      1900 Grismer Ave, Burbank, CA 91504-3623
      View Details
    • Value Estimation by Request
      8,143 SF

      3201 Glenoaks Blvd

      HOMES (RETIRED, NURSING) • 8,143 SF
      3201 Glenoaks Blvd, Burbank, CA 91504-2009
      View Details
    • Value Estimation
      $830,000
      5,449 SF

      2319 Empire Ave

      HOSPITAL - PRIVATE • 5,449 SF
      2319 Empire Ave, Burbank, CA 91504
      View Details
    • Value Estimation
      $2,955,000
      15,287 SF

      444 Irving Dr

      OFFICE BUILDING • 15,287 SF
      444 Irving Dr, Burbank, CA 91504-2400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,715 SF

      Burbank Flex/R&D or Office Building

      Single tenant flex/R&D or office building in Burbank.
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      Industrial Building with Sound Stage

      Industrial building featuring sound stage improvements and a fenced yard.
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      1,250 SF

      Burbank Dog Grooming Business

      Established Salon, Quick Sale, High Demand
      1515 San Fernando Blvd, Burbank, CA 91504
      View Details
    • $3,299,000
      4,818 SF

      Burbank Industrial Gem

      Prime Burbank location, fully renovated.
      3058 Lima St, Burbank, CA 91504
      View Details
    • $2,975,000
      6 SF

      Burbank Multifamily Investment Opportunity

      Six-unit multifamily property in Burbank, California.
      1721 Scott Rd, Burbank, CA 91504
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    • $1,050,000
      1,650 SF

      Burbank Duplex with Rental Income

      Duplex in Burbank, a desirable rental market near studios.
      2014 Peyton Ave, Burbank, CA 91504
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      137,764 SF

      Burbank Office Building For Lease

      Office building for lease in Burbank, California.
      2400 W Empire Ave, Burbank, CA 91504
      View Details
    • Contact for pricing

      Fully Leased Burbank Office Building

      Office building in Burbank, CA, currently 100% leased.
      3001-3003 N San Fernando Blvd, Burbank, CA 91504
      View Details
    • $2 SF/Yr
      26,070 SF

      Burbank Office Space Available

      Office space available for lease in Burbank, California.
      3220 Winona Ave, Burbank, CA 91504
      View Details
    • Contact for pricing
      2,500 SF

      Burbank Office and Raw Space

      Office and raw space available for lease near Burbank Airport.
      2707 W Empire Ave, Burbank, CA 91504
      View Details
    • $1.55 SF/Yr
      19,916 SF

      Burbank Airport Class A Building

      Class A building near Burbank Airport with excellent freeway visibility.
      2870 N Ontario St, Burbank, CA 91504
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Warehouse/Office Space Available

      Industrial warehouse/office space with gated parking and close to Fwy.
      2514 N Naomi St, Burbank, CA 91504
      View Details
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    1109 San Fernando Blvd
    Burbank, CA 91504
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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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