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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Retail space
1501 Magnolia Blvd Burbank, CA 91506-1835
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9582685
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
4,920 SF
Lot
0.14 ac (6,251 SF)
Zoning code
BUC3*
APN
2449-027-031
UPID
US09-9582685
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
-
LINDA RICO - Brightstone Estate Properties Real Estate Agency
-
Freida Sanei Real Estate Group, BHHS, Crest Real Estate Real Estate Agency
-
Dave Mercier Real Estate Real Estate Agency
-
Jeff Markell Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.65M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Grandview Realty INC · 2 yrs held
Grandview Realty INC
since 2024
Last sale
$2.7M
3 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.9M
+44.0%
Neighborhood: shopping center
$3.0M
+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
$2,650,000
ML approach
$2,650,000
CAP Approach
CAP Return
Estimation
6%
$2,075,000
6.5%
$1,915,000
7%
$1,775,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,690,000
Current use
AUTO REPAIR, GARAGE
$3,875,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,995,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$2,650,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,440,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,360,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$2,235,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.65M (Mar 1 2024)
Last sale anchor
$2.65M
Mar 1 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
$539 / 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
$7,451
Tax year 2024
Assessed value
$625,766
Assessed 2024
Previous assessed
$625,766
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$211,835
Assessed improvement
$413,931
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
1959
Heating
NONE
Stories
1
Total area
4,920 SF
Lot
0.14 ac (6,251 SF)
Zoning code
BUC3*
APN
2449-027-031
UPID
US09-9582685
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
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1959
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Grandview Realty INC
Entity
Mailing address
1040 W KENNETH RD STE #1, GLENDALE, CA 91202-1475
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$2,650,000
Grandview Realty INC
B & E Paul Family A Limited Partner
Grant Deed
$2,120,000 · B & E Paul Family A Limited Partner
Jun 24, 2005
—
B & E Paul Family
Paul Family Trust
Quit Claim Deed
—
Mar 12, 1999
—
Paul James G Co Tr
—
Deed Of Trust
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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