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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Retail space
2406 Olive Ave Burbank, CA 91506-2630
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-0193141
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Construction
WOOD
Total area
1,509 SF
Lot
0.06 ac (2,440 SF)
Zoning code
BUC2YY
APN
2444-019-014
UPID
US10-0193141
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.05M
Owner & transaction history
2406 West Olive INC · 3 yrs held
2406 West Olive INC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
BUC2YY · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+44.0%
Neighborhood: shopping center
$920,000
+11.2%
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
$1,005,000
ML approach
$1,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$825,000
Current use
AUTO REPAIR, GARAGE
$1,190,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: +11% · Conversion: Moderate
OFFICE BUILDING
$810,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$750,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$685,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.09M (Oct 14 2022)
Last sale anchor
$1.09M
Oct 14 2022
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
$693 / 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
$12,423
Tax year 2024
Assessed value
$1,111,800
Assessed 2024
Previous assessed
$1,111,800
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$667,080
Assessed improvement
$444,720
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
1,509 SF
Lot
0.06 ac (2,440 SF)
Zoning code
BUC2YY
APN
2444-019-014
UPID
US10-0193141
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC2YY · Burbank, CA
Zoning BUC2YY · permitted uses
BUC2YY · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
OFFICE BUILDING
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$725,000
MEDICAL BUILDING
Est. value
$685,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
2406 West Olive INC
Entity
Mailing address
2408 W OLIVE AVE, BURBANK, CA 91506-2630
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
2406 West Olive INC
—
Deed
related
$395,000 · Cdc Small Business Finance Corp
Oct 14, 2022
$1,090,000
2406 West Olive INC
Kerry Weiner
Grant Deed
$545,000 · City National Bank
Oct 14, 2022
—
Kerry Weiner
Harriet Majorie Weiner
Affidavit Death Of Trustee/successor Trustee
related
—
Jun 19, 1997
—
Weiner,harriet M Trustee
Weiner H M Trustee,
Quit Claim Deed
related
—
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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