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Property profile & analytics
OFF-MARKET
Estimated value
$6,255,000
Medical Office Space
2031 Alameda Ave Burbank, CA 91506-2958
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6790861
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
27,758 SF
Lot
0.34 ac (14,668 SF)
Zoning code
BUC3*
APN
2444-029-029
UPID
US09-6790861
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
-
Dr. Mario A. Meallet, MD Ophthalmologist
-
BWell Family Practice - A Wellness and Weight Loss Center Health Consultant Medical Clinic
-
Dai Mindy M Alternative Medicine Practice Acupuncture
-
Eternal Wellness Center Wellness Program
-
Kim Reyes Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.58M
Comparable Approach
Comparable
$5.18M
Blend (final)
Blend
$6.26M
Owner & transaction history
Talat LLC · 22 yrs held
Talat LLC
since 2004
7 recorded transactions
Zoning & alternative use
BUC3* · 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%
$8,205,000
6.5%
$7,575,000
7%
$7,035,000
Blend value · Realmo final
$6.26M
Range $5.63M – $6.88M · ±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
$225 / 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
$103,410
Tax year 2024
Assessed value
$9,199,853
Assessed 2024
Previous assessed
$9,199,853
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,375,789
Assessed improvement
$7,824,064
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
2
Total area
27,758 SF
Lot
0.34 ac (14,668 SF)
Zoning code
BUC3*
APN
2444-029-029
UPID
US09-6790861
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.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Talat LLC
Entity
Mailing address
3575 STEVENS CRK BLVD STE L, SAN JOSE, CA 95117-1046
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
—
Talat LLC
—
Deed
related
$200,000 · United States Small Business Admin
Nov 14, 2024
—
Talat LLC
—
Deed
related
$4,650,000 · Oceanair FCU
Nov 5, 2019
—
Talat LLC
—
Deed
related
$1,570,000 · City National Bank
Jul 13, 2017
—
Talat LLC
—
Deed
related
$5,200,000 · Citizens Busn Bk
Jan 7, 2004
—
Talat LLC
G & L Burbank LLC
Grant Deed
related
—
Aug 17, 1995
—
G & L Realty Partnership LP
—
Deed Of Trust
related
$20,000,000 · Tokai Bank California
Dec 16, 1993
—
G Realty
Sisters Of Provi
Grant Deed
related
—
—
—
Talat LLC
—
Deed Of Trust
related
$3,900,000 · Rabobank
—
—
Talat LLC
—
Deed Of Trust
related
$4,000,000 · Citizens Business Bank
—
—
Talat LLC
—
Loan Modification
related
$5,200,000 · Citizens Busn Bk
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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