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Property profile & analytics
OFF-MARKET
Estimated value
$14,835,000
Warehouses
2240 Hollywood Way Burbank, CA 91505-1112
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-7256148
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Construction
TILT-UP CONCRETE
Total area
124,439 SF
Lot
2.24 ac (97,757 SF)
Zoning code
BUM2*
APN
2463-010-020
UPID
US09-7256148
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.84M
Owner & transaction history
Shurgard-resco III LLC · 20 yrs held
Shurgard-resco III LLC
since 2005
7 recorded transactions
Zoning & alternative use
BUM2* · 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%
$17,630,000
6.5%
$16,275,000
7%
$15,110,000
Blend value · Realmo final
$14.84M
Range $13.35M – $16.32M · ±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
$119 / 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
$202,659
Tax year 2024
Assessed value
$17,404,152
Assessed 2024
Previous assessed
$17,404,152
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,268,939
Assessed improvement
$13,135,213
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Total area
124,439 SF
Lot
2.24 ac (97,757 SF)
Zoning code
BUM2*
APN
2463-010-020
UPID
US09-7256148
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUM2* · Burbank, CA
Zoning BUM2* · permitted uses
BUM2* · 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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Lot
2.24 ac
Current owner
From public records · entity-resolved
Shurgard-resco III LLC
Entity
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2005
—
Shurgard-resco III LLC
Resco Storage Gp
Quit Claim Deed
$13,500,000 · Shurgard Storage Center INC
Nov 19, 2004
—
Resco Self Storage LLC
Hw Burbank LLC
Grant Deed
$3,500,000 · Moss & Co INC
Jun 30, 2000
$1,382,000
Elks Building Assn Burbank
Hw Burbank LLC
Grant Deed
related
$4,950,000 · City National Bank
Feb 25, 1998
—
Burbank Hw
Beitler,b A
Grant Deed
related
—
Jan 8, 1998
$2,599,072
Beitler,barry A
Peterson,kenneth B & Virginia
Trustees Deed
$2,400,000 · First Credit Bank
Jan 8, 1998
—
Barry A Beitler
Beitler,n
Quit Claim Deed
related
—
—
—
Hw Burbank LLC
—
Deed Of Trust
related
$2,080,000 · Monterey Bay Bank
—
—
Hw Burbank LLC
—
Deed Of Trust
related
$250,000 · Pacific Western National Bank
—
—
Hw Burbank LLC
—
Deed Of Trust
related
$2,100,000 · Pacific Western 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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