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    Property profile & analytics

    2005 Glenoaks Blvd Burbank, CA 91504-2826

    • Gas stations
    • 1,118 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2024
    $3,350,000
    Value Estimations
    $3,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6783203
    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

    • Three Star Liquor / Gas Station
    • ATM / Atm
    • JesseDabbles Collectibles / Car Repair And Maintenance Service / Collectibles Store

    Property Details for 2005 Glenoaks Blvd

    Year built
    1955
    Lot size
    0.21 lot acres
    Property size
    1,118 SF
    Zone code
    BUC3YY
    Property type
    Gas stations
    APN
    2468-004-004
    APU
    2468004004

    Description

    This exceptional Burbank gas station presents a lucrative owner-user investment opportunity. Located at 2005 N Glenoaks Blvd, Burbank, CA 91504, this Class B property boasts a prime commercial location with high visibility and significant foot and vehicle traffic. The 10,870 square foot lot houses a 1-story, 1-unit building (1,118 sq ft) constructed in 1955 and extensively renovated in 2024. The property features three gas pumps and benefits from BUC3YY zoning. Its strategic location offers easy access to Burbank Airport, Burbank Media City Center, and major studios, ensuring consistent customer flow. The asking price is $4,800,000. This is a rare chance to acquire a well-established, high-performing gas station in a thriving area with no direct gas station competition across the street. The property's strong performance and prime location make it an ideal investment for an owner-operator seeking a profitable and established business. The APN is 2468-004-004. This is an owner-user opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,350,000
      ML approach
      $3,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,050,000
      Market price range: $886k - $3.88M

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.325
    Latitude
    34.1969
    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
    $15,248
    $1,219,109
    $135,450
    $1,354,559
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      1,810 SF

      901 San Fernando Blvd

      SERVICE STATION (FULL SERVICE) • 1,810 SF
      901 San Fernando Blvd, Burbank, CA 91504-4326
      View Details
    • Value Estimation
      $410,000
      8,136 SF

      2411 San Fernando Blvd

      SERVICE STATION (FULL SERVICE) • 8,136 SF
      2411 San Fernando Blvd, Burbank, CA 91504-3353
      View Details
    • Value Estimation
      $535,000
      2,096 SF

      1638 San Fernando Blvd

      SERVICE STATION WITH FOOD MART • 2,096 SF
      1638 San Fernando Blvd, Burbank, CA 91504-4122
      View Details
    • Value Estimation
      $285,000
      968 SF

      2616 Glenoaks Blvd

      GAS STATION • 968 SF
      2616 Glenoaks Blvd, Burbank, CA 91504-2704
      View Details
    • Value Estimation
      $185,000
      6,740 SF

      506 Delaware Rd

      PARKING LOT • 6,740 SF
      506 Delaware Rd, Burbank, CA 91504-4037
      View Details
    • Value Estimation
      $185,000
      2,280 SF

      Burbank, CA 91504

      PARKING LOT • 2,280 SF
      Burbank, CA 91504
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      25,000 SF

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      View Details
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      Burbank Warehouse with Secured Yard

      Warehouse space with fenced yard and parking in Burbank.
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    • $2 SF/Yr
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      Burbank Office Space Available

      Third-floor office space available for rent in Burbank, California.
      1405 N San Fernando Blvd, Burbank, CA 91504
      View Details
    • Contact for pricing

      Class A Office Building

      351,301 SF office building near Burbank Empire Center.
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      View Details
    • $2 SF/Yr
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      Free Standing Building Near Airport

      Free standing building with outbuildings near Burbank Airport.
      3238 N San Fernando Blvd, Burbank, CA 91504
      View Details
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    2005 Glenoaks Blvd
    Burbank, CA 91504-2826
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    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
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