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Property profile & analytics
OFF-MARKET
Estimated value
$8,570,000
Retail space
17640 Burbank Blvd Encino, CA 91316-1725
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6222833
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
WOOD
Total area
8,315 SF
Lot
0.66 ac (28,675 SF)
Zoning code
LAC2
APN
2254-037-003
UPID
US09-6222833
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
-
Trader Joe's Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$8.57M
Owner & transaction history
Trader Joes Company · 2 yrs held
Trader Joes Company
since 2024
Last sale
$8.6M
6 recorded transactions
Zoning & alternative use
LAC2 · Encino, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.0M
+36.1%
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 Encino submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encino 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
$8,570,000
ML approach
$8,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,025,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$8.57M
Range $7.71M – $9.43M · ±10% · vs last sale $8.57M (Apr 30 2024)
Last sale anchor
$8.57M
Apr 30 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
$1,031 / 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
$99,351
Tax year 2024
Assessed value
$8,124,096
Assessed 2024
Previous assessed
$8,124,096
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,468,252
Assessed improvement
$3,655,844
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
1957
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,315 SF
Lot
0.66 ac (28,675 SF)
Zoning code
LAC2
APN
2254-037-003
UPID
US09-6222833
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Encino, CA
Zoning LAC2 · permitted uses
LAC2 · Encino, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encino. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$6.0M
AUTO REPAIR, GARAGE
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
1957
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Trader Joes Company
Entity
Mailing address
800 S SHAMROCK AVE, MONROVIA, CA 91016-6346
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$8,569,000
Trader Joes Company
Tse Encino LLC
Special Warranty Deed
—
Sep 9, 2022
—
Tse Encino LLC
—
Deed
related
$2,650,000 · Symetra Life Insurance Co
Sep 11, 2015
$7,000,000
Tse Encino LLC
Borstein Partners Ltd
Grant Deed
$3,500,000 · Miscellaneous Ins Co
Dec 20, 2005
—
Norma E Borstein
Borstein,alfred J
Affidavit Of Death
related
—
Oct 16, 1997
—
Borstein Partners
Market Servs,
Grant Deed
related
—
—
—
Market Services Ltd
—
Deed Of Trust
related
$235,000 · City National Bank
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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