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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Office buildings
1115 Magnolia Blvd Burbank, CA 91506-1811
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-7253085
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Construction
TILT-UP CONCRETE
Total area
4,325 SF
Lot
0.11 ac (5,000 SF)
Zoning code
BUC3*
APN
2449-019-002
UPID
US09-7253085
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
by Request
CAP Approach
CAP
$1.52M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.21M
Owner & transaction history
Upright Wellness Center INC · 1 yrs held
Upright Wellness Center INC
since 2025
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+46.3%
Neighborhood: shopping center
$2.6M
+13.1%
Retail stores
$2.4M
+1.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,645,000
6.5%
$1,520,000
7%
$1,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,330,000
Current use
AUTO REPAIR, GARAGE
$3,405,000
Change: +46% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,630,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$2,365,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,145,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,075,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$1,965,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10% · vs last sale $2.55M (Oct 8 2024)
Last sale anchor
$2.55M
Oct 8 2024
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
$510 / 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
$14,044
Tax year 2024
Assessed value
$1,234,201
Assessed 2024
Previous assessed
$1,234,201
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$614,954
Assessed improvement
$619,247
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,325 SF
Lot
0.11 ac (5,000 SF)
Zoning code
BUC3*
APN
2449-019-002
UPID
US09-7253085
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3* · Burbank, CA
Zoning BUC3* · permitted uses
BUC3* · 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
OFFICE BUILDING Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Upright Wellness Center INC
Entity
Free & Clear · 1 yrs held
Mailing address
1115 W MAGNOLIA BLVD, BURBANK, CA 91506-1811
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
$2,550,000
Upright Wellness Center INC
Simon N Miles
Grant Deed
—
Jul 19, 2021
—
Bruce Ryan
Bruce Ryan
Correction Deed
related
—
May 17, 2021
—
Bruce Ryan
Bruce Edward Ryan
Deed
related
—
Feb 2, 2021
—
Simon N Miles
Simon N Miles
Intrafamily Transfer
related
$370,000 · First Citizens Bank & Trust Co
Dec 28, 2020
—
Ryan,bruce Living Trust
Bruce Ryan
Quit Claim Deed
related
—
Jul 25, 2011
—
Miles Family Trust
Miles,simon N
Quit Claim Deed
related
—
Dec 27, 2007
—
Nicholas Miles Simon
Nicholas Miles Simon
Intrafamily Transfer
related
$960,000 · Wells Fargo Bank NA
Oct 28, 2004
—
Simon N Miles
Altounian,stepan
Grant Deed
$738,000 · Cnl Commercial Finance INC
Apr 19, 2004
—
Burbank Chapter 40
Burbank Members Disabled Amer
Quit Claim Deed
related
—
Apr 19, 2004
$651,000
Stepan Altounian
Burbank Chapter #40
Grant Deed
$361,000 · Priority Funding
Aug 20, 2003
—
Burbank Members Of Disabled
Burbank Chapter #40
Quit Claim Deed
related
—
Apr 10, 1959
—
Burbank Chapter No 40|disabled American Veterans
—
Grant Deed
related
—
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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