Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1612 Olive Ave Burbank, CA 91506-2461

    • Office buildings
    • 22,316 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6944894
    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

    • Team Click / Marketing Agency
    • Elizabeth Gibbar CPA & Rich Holmes Associates / Accounting Firm / Accountant
    • UrbanflixTV / Film Production Company
    • FILMLOOK Inc / Video Production Service
    • Click Communications / Consultant

    Property Details for 1612 Olive Ave

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.39 lot acres
    Property size
    22,316 SF
    Zone code
    BUC2YY
    Property type
    Office buildings
    APN
    2445-016-023
    APU
    2445016023

    Description

    This exceptional executive office suite, located at 1612 W. Olive Avenue in Burbank, California, presents a unique opportunity for businesses seeking a prestigious address in the Burbank Media District. The property, a Class B building, boasts a total of 22,316 square feet spread across three stories. Currently, a single, contiguous suite of 2,450 square feet is available for lease, representing the entire vacant space within the building. The building features a total of two suites, offering a quiet and professional environment. The convenient location offers easy access to major thoroughfares, including the intersection of W. Olive Avenue, W. Verdugo Avenue, and Sparks Street, providing excellent connectivity to Hollywood, Glendale, and the broader San Fernando Valley. Parking is available at a ratio of 2 spaces per 1000 square feet. The property is situated in Los Angeles County, zip code 91506. This is an ideal space for businesses seeking a well-located, efficient, and professional office environment in the heart of Burbank's media district. The minimum divisible space is 2,450 square feet, making it perfect for a single tenant seeking a complete floor. The property is classified as an Executive Office and Professional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.322
    Latitude
    34.1674
    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
    $45,310
    $909,408
    $3,026,564
    $3,935,972
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $740,000
      13,413 SF

      1420 Olive Ave

      OFFICE BUILDING • 13,413 SF
      1420 Olive Ave, Burbank, CA 91506-2406
      View Details
    • Value Estimation
      $355,000
      6,838 SF

      1400 Olive Ave

      PROFESSIONAL BUILDING • 6,838 SF
      1400 Olive Ave, Burbank, CA 91506-2409
      View Details
    • Value Estimation
      $565,000
      1,262 SF

      1533 Magnolia Blvd

      PROFESSIONAL BUILDING • 1,262 SF
      1533 Magnolia Blvd, Burbank, CA 91506-1835
      View Details
    • Value Estimation
      $545,000
      5,456 SF

      1001 Magnolia Blvd

      OFFICE BUILDING • 5,456 SF
      1001 Magnolia Blvd, Burbank, CA 91506-1606
      View Details
    • Value Estimation
      $360,000
      5,012 SF

      2320 Magnolia Blvd

      OFFICE BUILDING • 5,012 SF
      2320 Magnolia Blvd, Burbank, CA 91506-1736
      View Details
    • Value Estimation
      $945,000
      21,427 SF

      727 Main St

      OFFICE BUILDING • 21,427 SF
      727 Main St, Burbank, CA 91506-2573
      View Details

    Similar Nearby for Sale

    • $16,800,000
      32 SF

      Burbank Office Building For Sale

      Approximately 32,000 SF office building available for purchase.
      900-940 W Alameda Ave, Burbank, CA 91506
      View Details
    • $1,237,000
      1,375 SF

      Magnolia Park Retail/Medical/Office Building

      Retail, medical, or office building in Burbank's Magnolia Park.
      2317 W Magnolia Blvd, Burbank, CA 91506
      View Details
    • Contact for pricing
      3,119 SF

      Raising Cane's Burbank Investment

      High-ROI QSR, 11.7 years remaining
      1750 Olive Ave, Burbank, CA 91506
      View Details
    • $6,250,000

      Multifamily Property in Desirable Glendale

      Multifamily property in Glendale, CA with ADU potential.
      380 W Alameda Ave, Burbank, CA 91506
      View Details
    • $3,350,000
      7,315 SF

      Burbank Flex Property For Sale

      Four-building flex property with month-to-month tenants, near Costco.
      1022-1024 W Burbank Blvd, Burbank, CA 91506
      View Details
    • $3,600,000
      4,650 SF

      Auto-Repair Buildings with Live-Work Space

      Two buildings, auto-repair use, live-work space, high-traffic location.
      1028 W Burbank Blvd, Burbank, CA 91506
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fully Leased Burbank Office Building

      Office building in Burbank, CA, currently 100% leased.
      2211 W Magnolia Blvd, Burbank, CA 91506
      View Details
    • $5,700 /Mo

      Creative Space in Burbank Media District

      Versatile commercial space in Burbank's Media District, suitable for various uses.
      1020 W Magnolia Blvd, Burbank, CA 91506
      View Details
    • $30 SF/Yr
      22,300 SF

      Burbank Executive Office Space For Lease

      Premium Burbank office, 7,977 sq ft available.
      900-910 Alameda Ave, Burbank, CA 91506
      View Details
    • $2 SF/Yr
      32,000 SF

      Burbank Office Space For Lease

      Approximately 7,977 SF office suite available for lease.
      910 Alameda Ave, Burbank, CA 91506
      View Details
    • $2 SF/Yr
      9,045 SF

      Burbank Office Space For Rent

      Ground level office space available in Burbank, California.
      901 W Alameda Ave, Burbank, CA 91506
      View Details
    • $33 SF/Yr
      10,811 SF

      Burbank Office Space for Lease

      Prime Burbank location, flexible office suites
      1415 Magnolia Blvd, Burbank, CA 91506
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1612 Olive Ave
    Burbank, CA 91506-2461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.