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Property profile & analytics
OFF-MARKET
Estimated value
$16,220,000
Grocery and convenience stores
2600 Victory Blvd Burbank, CA 91505-1670
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6482066
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Total area
49,417 SF
Lot
3.76 ac (163,844 SF)
Zoning code
BUC3-R1-R4
APN
2438-006-021
UPID
US09-6482066
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
-
U.S. Bank Branch Bank Loan Service
-
Ralphs Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Kiosk Atm
-
Armex details Car Wash
-
California DMV Now Kiosk Kiosk Department Of Motor Vehicles
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.22M
Comparable Approach
Comparable
$10.77M
Blend (final)
Blend
$16.22M
Owner & transaction history
Service Properties Burbank LLC · 18 yrs held
Service Properties Burbank LLC
since 2008
7 recorded transactions
Zoning & alternative use
BUC3-R1-R4 · 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%
$20,820,000
6.5%
$19,215,000
7%
$17,845,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$26,385,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$24,515,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,720,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$22,465,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$16.22M
Range $14.60M – $17.84M · ±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
$328 / 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
$292,816
Tax year 2024
Assessed value
$25,916,290
Assessed 2024
Previous assessed
$25,916,290
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$15,549,777
Assessed improvement
$10,366,513
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
YES
Stories
1
Total area
49,417 SF
Lot
3.76 ac (163,844 SF)
Zoning code
BUC3-R1-R4
APN
2438-006-021
UPID
US09-6482066
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3-R1-R4 · Burbank, CA
Zoning BUC3-R1-R4 · permitted uses
BUC3-R1-R4 · 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
OFFICE BUILDING
Est. value
$26.4M
WAREHOUSE, STORAGE
Est. value
$24.5M
COMMERCIAL (GENERAL)
Est. value
$23.7M
MEDICAL BUILDING
Est. value
$22.5M
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
1998
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.76 ac
Current owner
From public records · entity-resolved
Service Properties Burbank LLC
Entity
Mailing address
11661 SAN VICENTE BLVD STE #850, LOS ANGELES, CA 90049-5117
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
—
Service Properties Burbank LLC
—
Grant Deed
related
$16,500,000 · Miscellaneous Ins Co
Apr 18, 2008
$28,750,000
Service Properties Burbank LLC
Univest-burbank Sc Lllp
Grant Deed
$4,200,000 · Univest-burbank Sc Lllp
Feb 9, 1999
—
Univest-burbank Sc Lllp
Ralphs Grocery Co
Grant Deed
related
—
May 20, 1998
—
Defense Industry Rel Aerospace
Aeronautical District Lod,
Quit Claim Deed
related
—
May 20, 1998
$3,400,000
Univest-burbank Sc LLP
Aerospace Defence Industry Rel
Grant Deed
$10,500,000 · Bank One Arizona
—
—
Service Properties Burbank LLC
—
Deed Of Trust
related
$15,000,000 · First Republic Bank
—
—
Univest-burbank Sc Lllp
—
Deed Of Trust
related
$11,000,000 · Amresco Capital Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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