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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Retail space
1212 San Fernando Blvd Burbank, CA 91504-4277
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6190053
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Construction
TILT-UP CONCRETE
Total area
5,569 SF
Lot
0.32 ac (14,078 SF)
Zoning code
BUC3-R4*
APN
2460-009-016
UPID
US09-6190053
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
Current use
Occupant on record · Public records
-
Niko Niko Sushi Restaurant
-
Ubatuba Acai - Burbank (Bike/Boat/Book/etc) Store Take-out & Catering
-
Rex Cleaners (Bike/Boat/Book/etc) Store
-
Full House Smoke Shop (Bike/Boat/Book/etc) Store
-
Tedy Cigar (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.90M
Owner & transaction history
Paulette Wanamaker · 6 yrs held
Paulette Wanamaker
since 2020
6 recorded transactions
Zoning & alternative use
BUC3-R4* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+4.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,345,000
6.5%
$2,165,000
7%
$2,010,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,970,000
Current use
OFFICE BUILDING
$3,095,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$2,760,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,675,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$2,530,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10%
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
$341 / 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
$18,877
Tax year 2024
Assessed value
$1,640,300
Assessed 2024
Previous assessed
$1,640,300
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,077,553
Assessed improvement
$562,747
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
5,569 SF
Lot
0.32 ac (14,078 SF)
Zoning code
BUC3-R4*
APN
2460-009-016
UPID
US09-6190053
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3-R4* · Burbank, CA
Zoning BUC3-R4* · permitted uses
BUC3-R4* · 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
$3.0M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES Current
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Paulette Wanamaker
Individual
Free & Clear · 6 yrs held
Mailing address
1421 N NAOMI ST, BURBANK, CA 91505-1649
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Paulette Wanamaker
Licursi Family Trust
Quit Claim Deed
—
Apr 21, 2009
—
Licursi Family Trust
Licursi,frank J & Nancy A
Quit Claim Deed
related
—
Jan 31, 2006
—
Bethany Commercial Center
Formoso Family Trust
Grant Deed
—
Jul 20, 1998
—
Formoso,frank & Angelina Trustee
Formoso,f & A
Quit Claim Deed
related
—
Feb 6, 1998
—
Frank Licursi
Licursi F Trustee,
Quit Claim Deed
related
—
Oct 17, 1994
—
Formoso,mary L Trustee
Licursi,m
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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