Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2840 Naomi St Burbank, CA 91504-2023

    • Manufacturing properties
    • 5,250 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jul 03, 2025
    $2,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6827352
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • American Environmental Testing / Laboratory

    Property Details for 2840 Naomi St

    Year built
    1952
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Property size
    5,250 SF
    Zone code
    BUM1*
    Property type
    Manufacturing properties
    APN
    2473-014-006
    APU
    2473014006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.34
    Latitude
    34.2037
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,824
    $1,257,692
    $492,139
    $1,749,831
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $350,000
      2,065 SF

      2940 Naomi St

      MANUFACTURING (LIGHT) • 2,065 SF
      2940 Naomi St, Burbank, CA 91504-2030
      View Details
    • Value Estimation
      $385,000
      12,282 SF

      2545 Ontario St

      MANUFACTURING (LIGHT) • 12,282 SF
      2545 Ontario St, Burbank, CA 91504-2513
      View Details
    • Value Estimation
      $260,000
      312 SF

      1837 Victory Pl

      MANUFACTURING (LIGHT) • 312 SF
      1837 Victory Pl, Burbank, CA 91504-3424
      View Details
    • Value Estimation
      $240,000
      1,250 SF

      1855 Victory Pl

      MANUFACTURING (LIGHT) • 1,250 SF
      1855 Victory Pl, Burbank, CA 91504-3424
      View Details
    • Value Estimation
      $605,000
      26,976 SF

      3000 San Fernando Blvd

      MANUFACTURING (LIGHT) • 26,976 SF
      3000 San Fernando Blvd, Burbank, CA 91504-2524
      View Details
    • Value Estimation
      $835,000
      94,200 SF

      2980 San Fernando Blvd

      MANUFACTURING (LIGHT) • 94,200 SF
      2980 San Fernando Blvd, Burbank, CA 91504-2522
      View Details

    Similar Nearby for Sale

    • $1,299,000
      2,494 SF

      Burbank Commercial Property with Flexibility

      Versatile commercial property in Burbank with office and industrial space.
      1843 N Keystone St, Burbank, CA 91504
      View Details
    • $19,521,432
      50,400 SF

      Distribution/Manufacturing Building with Secured Yard

      Distribution/Manufacturing building featuring a secured yard and freeway frontage.
      2930 N San Fernando Blvd, Burbank, CA 91504
      View Details
    • $3,299,000
      4,818 SF

      Burbank Industrial Gem

      Prime Burbank location, fully renovated.
      3058 Lima St, Burbank, CA 91504
      View Details
    • $4,300,000
      10,051 SF

      Burbank Warehouse with Designer Office

      Air-conditioned distribution/warehouse building near Burbank Airport.
      7575 N San Fernando Rd, Burbank, CA 91504
      View Details
    • $10,837,000
      46,715 SF

      Burbank Flex/R&D or Office Building

      Single tenant flex/R&D or office building in Burbank.
      2711 Winona Ave, Burbank, CA 91504
      View Details
    • $2,975,000
      6 SF

      Burbank Multifamily Investment Opportunity

      Six-unit multifamily property in Burbank, California.
      1721 Scott Rd, Burbank, CA 91504
      View Details

    Similar Nearby for Lease

    • $1.12 SF/Yr
      21,200 SF

      Burbank Office/Warehouse/Production Space

      Office/warehouse/production space with A/C, high power, and fenced yard.
      2810-2820 N Lima St, Burbank, CA 91504
      View Details
    • $19 SF/Yr
      25,000 SF

      Burbank Warehouse: 25,000 SF Sublease

      Prime Burbank industrial space; sublease opportunity.
      3099 Lima St, Burbank, CA 91504
      View Details
    • $1.63 SF/Yr
      25,000 SF

      Burbank Warehouse with Secured Yard

      Warehouse space with fenced yard and parking in Burbank.
      3094 N California St, Burbank, CA 91504
      View Details
    • $2 SF/Yr
      3,796 SF

      Free Standing Building Near Airport

      Free standing building with outbuildings near Burbank Airport.
      3238 N San Fernando Blvd, Burbank, CA 91504
      View Details
    • $1.40 SF/Yr
      25,184 SF

      Burbank Warehouse with Air Conditioning

      Freestanding, air-conditioned warehouse with yard, available for sublease.
      2901-2905 Winona Ave, Burbank, CA 91504
      View Details
    • $1.40 SF/Yr
      14,400 SF

      Burbank Industrial Units for Lease

      Industrial units available for lease in Burbank, California.
      2512-2516 Ontario St, Burbank, CA 91504
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2840 Naomi St
    Burbank, CA 91504-2023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.