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Property profile & analytics
OFF-MARKET
Estimated value
$4,965,000
Office buildings
1700 Burbank Blvd Burbank, CA 91506-1355
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6895218
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
WOOD
Total area
13,854 SF
Lot
0.32 ac (14,152 SF)
Zoning code
BUC3*
APN
2449-001-027
UPID
US09-6895218
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
$4.90M
CAP Approach
CAP
$4.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.97M
Owner & transaction history
Alg Hq Holdings LLC · 3 yrs held
Alg Hq Holdings LLC
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
BUC3* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.6M
+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
$5,050,000
ML approach
$4,900,000
CAP Approach
CAP Return
Estimation
6%
$5,275,000
6.5%
$4,870,000
7%
$4,520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,460,000
Current use
RETAIL STORES
$7,580,000
Change: +2% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,870,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,650,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$6,300,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$4.97M
Range $4.47M – $5.46M · ±10% · vs last sale $5.00M (May 8 2023)
Last sale anchor
$5.00M
May 8 2023
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
$358 / 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
$57,418
Tax year 2024
Assessed value
$5,100,000
Assessed 2024
Previous assessed
$5,100,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,570,000
Assessed improvement
$1,530,000
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 (MULTI-STORY)
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Stories
2
Total area
13,854 SF
Lot
0.32 ac (14,152 SF)
Zoning code
BUC3*
APN
2449-001-027
UPID
US09-6895218
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
$7.5M
RETAIL STORES
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.3M
OFFICE BUILDING Current
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
1982
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Alg Hq Holdings LLC
Entity
Mailing address
11846 VENTURA BLVD STE #100, STUDIO CITY, CA 91604-2620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$5,000,000
Alg Hq Holdings LLC
Chao LLC
Grant Deed
$2,500,000 · Jpmorgan Chase Bank NA
May 8, 2023
—
Alg Hq Holdings LLC
—
Deed
related
$2,046,000 · California Statewide Certified Developme
Jan 24, 2008
—
Chao LLC
Bandy,gary A
Grant Deed
—
Mar 16, 2007
—
Gary A Bandy
Brakus,eva M
Grant Deed
related
—
Sep 23, 1998
—
Gary A Bandy
—
Deed Of Trust
related
$4,500,000 · Community Bank NA
Feb 26, 1998
$97,000
Gary A Bandy
Augustine,david J & Mary P
Grant Deed
—
Aug 26, 1993
$775,000
Gary A Bandy
Fidelity Federal
Grant Deed
$581,250 · Fidelity Federal Bank
Jun 26, 1992
$1,500,000
Fidelity Fed Bank
Lemona,propertie
Trustees Deed
related
—
Nov 21, 1988
—
Commerce Finl
Cusum
Trustees Deed
related
—
—
—
Lemona Props
—
Deed Of Trust
related
$1,485,000 · Fidelity Federal Bank
—
—
Ira L Mishkind
—
Deed Of Trust
related
$1,520,000 · Rpm Invs&
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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