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    Property profile & analytics

    2211 Hollywood Way Burbank, CA 91505-1113

    • Manufacturing properties
    • 8,064 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    May 30, 2024
    $3,500,000
    Value Estimations
    $3,500,000
    Show details
    Cap Rate Potential
    2.9%
    Manufacturing properties
    Location Intelligence
    Property ID
    US10-0226221
    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

    • Manufacturing properties

    Property Details for 2211 Hollywood Way

    Year built
    1956
    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Property size
    8,064 SF
    Zone code
    BUM1*
    Property type
    Manufacturing properties
    APN
    2463-001-006
    APU
    2463001006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,500,000
      ML approach
      $3,500,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,510,000
      Current use
      RESTAURANT
      $5,250,000
      Change: +109% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $4,910,000
      Change: +96% Conversion: Difficult
      RETAIL STORES
      $4,430,000
      Change: +77% Conversion: Moderate
      OFFICE BUILDING
      $4,305,000
      Change: +72% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,000,000
      Change: +60% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,870,000
      Change: +54% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.35
    Latitude
    34.1892
    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
    $13,971
    $724,160
    $448,976
    $1,173,136
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,170,000
      16,790 SF

      4616 Magnolia Blvd

      MANUFACTURING (LIGHT) • 16,790 SF
      4616 Magnolia Blvd, Burbank, CA 91505-2731
      View Details
    • Value Estimation
      $4,635,000
      46,451 SF

      2231 Hollywood Way

      MANUFACTURING (LIGHT) • 46,451 SF
      2231 Hollywood Way, Burbank, CA 91505-1113
      View Details
    • Value Estimation
      $1,195,000
      9,800 SF

      1051 Hollywood Way

      MANUFACTURING (LIGHT) • 9,800 SF
      1051 Hollywood Way, Burbank, CA 91505
      View Details
    • Value Estimation
      $2,040,000
      10,880 SF

      7687 San Fernando Rd

      MANUFACTURING (LIGHT) • 10,880 SF
      7687 San Fernando Rd, Burbank, CA 91505-1073
      View Details
    • Value Estimation
      $2,125,000
      13,856 SF

      2228 Hollywood Way

      MANUFACTURING (LIGHT) • 13,856 SF
      2228 Hollywood Way, Burbank, CA 91505-1112
      View Details
    • Value Estimation
      $1,595,000
      13,553 SF

      2801 Olive Ave

      MANUFACTURING (LIGHT) • 13,553 SF
      2801 Olive Ave, Burbank, CA 91505-4578
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,402 SF

      Burbank Commercial Property for Sale

      Commercial property in Burbank, CA, suitable for flex or industrial use.
      3500 N San Fernando Blvd, Burbank, CA 91505
      View Details
    • $3,500,000
      7,229 SF

      Burbank Freestanding Bowtruss Building

      Freestanding creative bowtruss building in the heart of Burbank.
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      1,577 SF

      Burbank Duplex with ADU Potential

      Rare duplex in a desirable Burbank neighborhood with ADU potential.
      1329 N Screenland Dr, Burbank, CA 91505
      View Details
    • Contact for pricing
      16,500 SF

      Creative Office Space For Sale

      Creative office space available for build to suit opportunity.
      3021-3025 N Hollywood Way, Burbank, CA 91505
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,580 SF

      Burbank Industrial Space Available

      High image business park near Burbank Airport with offices.
      10635-10665 W Vanowen St, Burbank, CA 91505
      View Details
    • $20,000 /Mo
      50,464 SF

      Distribution Building Near Burbank Airport

      50,464 SF distribution building near Burbank Airport available for lease.
      7545 N San Fernando Rd, Burbank, CA 91505
      View Details
    • $2 SF/Yr
      2,050 SF

      Burbank Retail/Office/Warehouse Space Available

      Flexible space suitable for retail, office, and warehouse uses.
      3406 Burbank Blvd, Burbank, CA 91505
      View Details
    • Contact for pricing

      Burbank Media District

      Discover many ways to work your way in Burbank Media District
      4100 Alameda Ave, Burbank, CA 91505
      View Details
    • $0.95 SF/Yr

      Burbank Distribution Building with High Doors

      Distribution building in Burbank with truck high doors and new roof.
      3800 Vanowen St, Burbank, CA 91505
      View Details
    • Contact for pricing
      19,360 SF

      Burbank Creative Industrial Flex Space

      Creative industrial campus near Burbank Airport and MetroLink station.
      4406-4408 Vanowen St, Burbank, CA 91505
      View Details
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    Burbank, CA 91505-1113
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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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