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

    3117 Olive Ave Burbank, CA 91505-4540

    • Retail space
    • 1,400 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0206306
    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

    • A & O Liquor Store / Liquor Store

    Property Details for 3117 Olive Ave

    Year built
    1941
    Lot size
    0.06 lot acres
    Property size
    1,400 SF
    Zone code
    BUC2YY
    Property type
    Retail space
    APN
    2483-021-007
    APU
    2483021007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $424,000
      Market price range: $425k - $964k

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.335
    Latitude
    34.1562
    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
    $712
    $32,177
    $12,466
    $44,643
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $360,000
      6,780 SF

      3307 Magnolia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,780 SF
      3307 Magnolia Blvd, Burbank, CA 91505-2908
      View Details
    • Value Estimation
      $390,000
      7,394 SF

      3711 Magnolia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,394 SF
      3711 Magnolia Blvd, Burbank, CA 91505-2818
      View Details
    • Value Estimation
      $345,000
      4,600 SF

      3412 Magnolia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,600 SF
      3412 Magnolia Blvd, Burbank, CA 91505-2909
      View Details
    • Value Estimation
      $255,000
      1,200 SF

      4015 Magnolia Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      4015 Magnolia Blvd, Burbank, CA 91505-2824
      View Details
    • Value Estimation
      $420,000
      3,430 SF

      1033 Hollywood Way

      RETAIL STORES (PERSONAL SERVICES) • 3,430 SF
      1033 Hollywood Way, Burbank, CA 91505-2540
      View Details
    • Value Estimation
      $340,000
      3,350 SF

      4106 Burbank Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,350 SF
      4106 Burbank Blvd, Burbank, CA 91505-2121
      View Details

    Similar Nearby for Sale

    • $1,942,418
      3,225 SF

      Burbank Commercial Property in Magnolia

      Versatile commercial property in a dynamic, walkable Burbank corridor.
      4708 W Magnolia Blvd, Burbank, CA 91505
      View Details
    • $1,700,000
      758 SF

      Burbank Retail Property: Value-Add Opportunity

      Vacant 758 SF Convenience Store/QSR
      4420 Magnolia Blvd, Burbank, CA 91505
      View Details
    • Contact for pricing
      2,000 SF

      Burbank Retail Space: Prime Location

      High-visibility storefront, excellent Burbank location.
      1130 Way, Burbank, CA 91505
      View Details
    • $1,195,000

      Commercial Building in High-Traffic Area

      Commercial building in Burbank, ideal for auto repair business.
      1132 N Hollywood Way, Burbank, CA 91505
      View Details
    • $115,000
      1,300 SF

      Burbank Hair Salon Business Sale

      Established Salon, Prime Burbank Location, High Occupancy.
      123 Call Brokers, Burbank, CA 91505
      View Details
    • $29,975,000
      61,690 SF

      Burbank Retail Center Investment

      High-Yield Burbank Shopping Center
      2000 Hollywood Way, Burbank, CA 91505
      View Details

    Similar Nearby for Lease

    • $39 SF/Yr
      30,055 SF

      Burbank Retail Space For Lease

      Prime Burbank retail/office space available.
      1015 Hollywood Way, Burbank, CA 91505
      View Details
    • $55 SF/Yr
      40,366 SF

      Burbank Retail Space For Lease

      Prime Burbank retail/office space available. Multiple suites, flexible sizes.
      3601 Olive Ave, Burbank, CA 91505
      View Details
    • $48 SF/Yr
      7,991 SF

      Burbank Retail Space - Prime Location

      7,991 SF Retail/Office Space Available
      4100 Riverside Dr, Burbank, CA 91505
      View Details
    • $30 SF/Yr
      7,572 SF

      Backlot Burbank Warehouse Space

      Burbank warehouse, 7,572 sq ft, 14' ceilings.
      4100 Vanowen St, Burbank, CA 91505
      View Details
    • $1.59 SF/Yr
      22,805 SF

      Burbank Warehouse with Deluxe Office

      State-of-the-art warehouse with office space near Burbank Airport.
      7525 N Lockheed Dr, Burbank, CA 91505
      View Details
    • Contact for pricing
      5,854 SF

      Burbank Studio Production Space

      High-end studio production space available for sublease in Burbank.
      4121-4131 W Vanowen Pl, Burbank, CA 91505
      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.
    3117 Olive Ave
    Burbank, CA 91505-4540
    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.