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Property profile & analytics
FOR LEASE
Office buildings
2300 Empire Ave Burbank, CA 91504
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7836932
For Lease
$8,695,000
2300 Empire Ave, Burbank, CA 91504
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2009
Construction
STEEL FRAME
Total area
362,863 SF
Lot
1.82 ac (79,191 SF)
Zoning code
BUMZ
APN
2462-001-011
UPID
US09-7836932
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
-
Performance Designed Products, LLC (PDP) Corporate Office
-
Shell Recharge Charging Station Electric Vehicle Charging Station
-
FedEx Drop Box Postal Service Courier Service
-
BRANDVIEW Advertising Agency Marketing & Advertising
-
Netflix Animation Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.70M
Owner & transaction history
Reep-ofc 2300 Empire LLC · 9 yrs held
Reep-ofc 2300 Empire LLC
since 2017
5 recorded transactions
Zoning & alternative use
BUMZ · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$24 / 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
$1,473,652
Tax year 2024
Assessed value
$131,779,988
Assessed 2024
Previous assessed
$131,779,988
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$7,282,106
Assessed improvement
$124,497,882
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2009
Construction
STEEL FRAME
Heating
NONE
Total area
362,863 SF
Lot
1.82 ac (79,191 SF)
Zoning code
BUMZ
APN
2462-001-011
UPID
US09-7836932
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUMZ · Burbank, CA
Zoning BUMZ · permitted uses
BUMZ · 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
2009
Construction
STEEL FRAME
Heating
NONE
Lot
1.82 ac
Current owner
From public records · entity-resolved
Reep-ofc 2300 Empire LLC
Entity
Mailing address
50 CALIFORNIA ST STE #2100, SAN FRANCISCO, CA 94111-4621
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Oct 6, 2017
—
Reep-ofc 2300 Empire LLC
—
Grant Deed
related
$82,500,000 · New York Life Ins & Annuity Co
May 30, 2017
$133,217,000
Reep-ofc 2300 Empire LLC
Walton Empire Center V LLC
Grant Deed
—
Sep 16, 2011
—
Walton Empire Center V LLC
—
Deed Of Trust
related
$67,225,000 · Los Angeles Cnty Emps Retireme
Jan 5, 2011
$45,000,000
Walton Empire Center V LLC
First American Title Ins
Trustees Deed
related
—
—
—
Reep-ofc 2300 Empire LLC
—
Deed Of Trust
related
$82,500,000 · New York Life Ins & Annuity Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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