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Property profile & analytics
OFF-MARKET
Estimated value
$9,900,000
Banks
2800 Hollywood Way Burbank, CA 91505-1023
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0036208
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1985
Construction
WOOD
Total area
16,867 SF
Lot
0.46 ac (19,828 SF)
Zoning code
BUM2*
APN
2466-008-035
UPID
US10-0036208
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
-
Citizens Business Bank Bank Loan Service
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$9.90M
Owner & transaction history
Pegasus 18 LLC · 1 yrs held
Pegasus 18 LLC
since 2024
Last sale
$9.9M
2 recorded transactions
Zoning & alternative use
BUM2* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.3M
+40.7%
Restaurant
$11.0M
+16.3%
Neighborhood: shopping center
$10.3M
+8.7%
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
$9,900,000
ML approach
$9,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$9,445,000
Current use
AUTO REPAIR, GARAGE
$13,285,000
Change: +41% · Conversion: Difficult
RESTAURANT
$10,985,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,265,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$9,270,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$9,005,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,365,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,095,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$9.90M
Range $8.91M – $10.89M · ±10% · vs last sale $9.90M (Aug 5 2024)
Last sale anchor
$9.90M
Aug 5 2024
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
$587 / 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
$49,374
Tax year 2024
Assessed value
$4,332,670
Assessed 2024
Previous assessed
$4,332,670
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,007,676
Assessed improvement
$3,324,994
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
16,867 SF
Lot
0.46 ac (19,828 SF)
Zoning code
BUM2*
APN
2466-008-035
UPID
US10-0036208
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUM2* · Burbank, CAZoning BUM2* · permitted uses
BUM2* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$13.3M
RESTAURANT
Est. value
$11.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
RETAIL STORES
Est. value
$9.3M
OFFICE BUILDING
Est. value
$9.0M
WAREHOUSE, STORAGE
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$8.1M
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Pegasus 18 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
9595 WILSHIRE BLVD STE #204, BEVERLY HILLS, CA 90212-2502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Pegasus 18 LLC
Pegasus LLC
Intrafamily Transfer
related
—
Jul 18, 2024
$9,900,000
Pegasus LLC
Citizens Business Bank
Grant Deed
—
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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