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Property profile & analytics
OFF-MARKET
Estimated value
$4,680,000
Parking lots & garages
333 Frnt St Burbank, CA 91502-1956
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-1553351
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1967
Construction
TILT-UP CONCRETE
Total area
13,376 SF
Lot
0.47 ac (20,361 SF)
Zoning code
BUM2*
APN
2451-006-017
UPID
US09-1553351
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
$4.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.68M
Owner & transaction history
City Of Burbank · 5 yrs held
City Of Burbank
since 2021
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
BUM2* · 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
$4,335,000
ML approach
$4,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$6,895,000
Current use
WAREHOUSE, STORAGE
$6,635,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,420,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$6,080,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.68M
Range $4.21M – $5.15M · ±10% · vs last sale $5.00M (Feb 26 2021)
Last sale anchor
$5.00M
Feb 26 2021
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
$350 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$58,757
Tax year 2023
Assessed value
$5,202,000
Assessed 2023
Previous assessed
$5,202,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,849,480
Assessed improvement
$1,352,520
Applied tax rate
9.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
13,376 SF
Lot
0.47 ac (20,361 SF)
Zoning code
BUM2*
APN
2451-006-017
UPID
US09-1553351
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUM2* · Burbank, CA
Zoning BUM2* · permitted uses
BUM2* · 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
PARKING LOT Current
Est. value
$6.9M
WAREHOUSE, STORAGE
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.1M
PARKING LOT Current
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
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.47 ac
Current owner
From public records · entity-resolved
City Of Burbank
Entity
Mailing address
150 E OLIVE AVE STE #308, BURBANK, CA 91502-1850
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$5,000,000
City Of Burbank
Thomas R Turnnicliffe
Grant Deed
—
Dec 11, 2020
—
Oak,leaf Trust
Metro Plaza Group LLC
Quit Claim Deed
—
Sep 9, 2016
—
Metro Plaza Group LLC
Tt Ents LLC
Quit Claim Deed
$1,900,000 · Bank Of The West
May 31, 2001
$1,250,000
T T Enterprises LLC
Mersola,carl
Grant Deed
$475,000 · Western Security Bank
Aug 14, 1998
—
Carl Mersola
—
Deed Of Trust
related
—
Jul 22, 1994
—
Carl Mersola
Mersola,c J
Quit Claim Deed
related
—
—
—
Carl Mersola
—
Deed Of Trust
related
$435,000 · Standard Mortgage Investors
—
—
Tt Ents LLC
—
Deed Of Trust
related
$405,000 · Citizens Business Bank
—
—
Tt Enterprises LLC
—
Deed Of Trust
related
$37,500 · Tom R Tunnicliffe
—
—
Tt Enterprises LLC
—
Deed Of Trust
related
$200,000 · Ricciuti Trust
—
—
Tt Ents LLC
—
Deed Of Trust
related
$650,000 · Ricciuti Constantino Trust
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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