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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Retail space
1500 Burbank Blvd Burbank, CA 91506-1309
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-7252805
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Construction
TILT-UP CONCRETE
Total area
7,500 SF
Lot
0.26 ac (11,403 SF)
Zoning code
BUC3*
APN
2449-005-027
UPID
US09-7252805
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
-
Topps Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.48M
Owner & transaction history
Legendary Fire Systems
Legendary Fire Systems
since 2025
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$3,160,000
6.5%
$2,915,000
7%
$2,710,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,105,000
Current use
OFFICE BUILDING
$4,035,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$3,720,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,600,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$3,410,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±10% · vs last sale $2.95M (Dec 30 2025)
Last sale anchor
$2.95M
Dec 30 2025
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
$331 / 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
$27,867
Tax year 2024
Assessed value
$2,456,269
Assessed 2024
Previous assessed
$2,456,269
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,589,352
Assessed improvement
$866,917
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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
7,500 SF
Lot
0.26 ac (11,403 SF)
Zoning code
BUC3*
APN
2449-005-027
UPID
US09-7252805
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
RETAIL STORES Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.4M
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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Legendary Fire Systems
Individual
Mailing address
511 AMHERST DR, BURBANK, CA 91504-4023
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$2,950,000
Legendary Fire Systems
1500 W Burbank Blvd LLC
Grant Deed
$1,505,000 · Poppy Bank
Dec 30, 2025
—
Legendary Fire Systems
—
Deed
related
$1,243,000 · Business Finance Capital
Jun 27, 2012
—
1500 W Burbank Blvd LLC
Veres Stephen & E Trust
Quit Claim Deed
related
—
Feb 23, 2009
—
Veres Stephen & Elaine Trust B
Veres Stephen & E Trust
Quit Claim Deed
related
—
Jan 28, 2009
—
Veres Stephen Tr
Veres,elaine M
Affidavit Of Death
related
—
Oct 12, 2007
—
Stephen Veres
The Stephen & Elaine Veres Trust
Affidavit Death Of Trustee/successor Trustee
related
$900,000 · Washington Mutual Bank
Jun 8, 2007
—
Michael Nubel
Burbank Boulevard Partners
Grant Deed
—
Jun 8, 2007
$935,000
Veres Stephen & Elaine Trust
Waldorf,duffy & Victoria
Grant Deed
$1,573,639 · Fnf 1031 Exchange Svcs INC
—
—
Burbank Boulevard Partners
—
Deed Of Trust
related
$640,000 · Ctd Machines INC Emp Pspt
—
—
Blvd Par Burbank
—
Deed Of Trust
related
$435,000 · Individual
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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