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Property profile & analytics
FOR LEASE
Retail properties & Spaces
1800 Empire Ave Burbank, CA 91504
Entity Owned
20-yr Hold
Free & Clear
Property ID
US09-6655898
For Lease
1 / 2
$37,975,000
1800 Empire Ave, Burbank, CA 91504
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2001
Construction
TILT-UP CONCRETE
Total area
163,713 SF
Lot
10.47 ac (455,932 SF)
Zoning code
BUPD
APN
2462-017-018
UPID
US09-6655898
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
-
Target Clinic, care provided by Kaiser Permanente - Burbank Medical Clinic
-
Empire Center Optometry Physician
-
Pizza Hut Express Restaurant
-
Target Grocery Grocery & Convenience Store Food Market
-
Target Optical (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.64M
Blend (final)
Blend
$37.98M
Owner & transaction history
Burbank Empire Center LLC · 20 yrs held
Burbank Empire Center LLC
since 2005
5 recorded transactions
Zoning & alternative use
BUPD · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$37.98M
Range $34.18M – $41.77M · ±10%
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
$232 / 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
$336,841
Tax year 2024
Assessed value
$28,255,465
Assessed 2024
Previous assessed
$28,255,465
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$16,523,884
Assessed improvement
$11,731,581
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
163,713 SF
Lot
10.47 ac (455,932 SF)
Zoning code
BUPD
APN
2462-017-018
UPID
US09-6655898
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUPD · Burbank, CAZoning BUPD · permitted uses
BUPD · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
10.47 ac
Current owner
From public records · entity-resolved
Burbank Empire Center LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2019
—
Burbank Empire Center LLC
—
Loan Modification
related
$128,650,000 · Miscellaneous Ins Co
Mar 26, 2012
—
Burbank Empire Center LLC
—
Deed Of Trust
related
$112,000,000 · Massachusetts Mutual Life Ins
Dec 23, 2005
—
Burbank Empire Center LLC
Zelman Burbank Empire LLC
Quit Claim Deed
related
—
May 23, 2002
—
Zelman Burbank Empire LLC
—
Deed Of Trust
related
$82,000,000 · Wachovia Bank NA
May 17, 2002
—
Zelman Burbank Empire LLC
Zrp Burbanks LLC
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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