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    3401 Olive Ave Burbank, CA 91505-4615
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    Property profile & analytics

    3401 Olive Ave, Burbank, CA 91505-4615

    View on Map
    • Grocery and convenience stores
    • 61,354 SF
    • 3.84 lot acres
    Off-Market
    Property ID
    US09-8835756
    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.
    Value Estimations
    $20,095,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • WFM Coffee & Juice Bar / Cafe & Coffee Shop
    • Whole Foods Market / Grocery & Convenience Store / Food Market
    • Volta Charging Stations at Talaria Burbank / Electric Vehicle Charging Station
    • Iya Oaxaca! / Restaurant
    • Amazon Hub Locker - Allie / Postal Service / Courier Service

    Property Details for 3401 Olive Ave

    Year built
    2019
    Construction
    WOOD
    Lot size
    3.84 lot acres
    Property type
    Grocery and convenience stores
    APN
    2483-024-418
    APU
    2483024418

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 17, 2020 — Burbank Media Vlg LLC — Deed · related $126.5M · Miscellaneous Ins Co
    Jun 24, 2019 — Burbank Media Village LLC — Deed · related $126.5M · Prudential Insurance Of America
    Oct 21, 2015 — Burbank Media Vlg LLC — Deed Of Trust · related $98.6M · Wells Fargo Bk
    Mar 26, 2009 $2,000,000 Burbank Media Village LLC Db Burbank LLC Grant Deed · related —
    Jun 15, 2007 — Db Burbank LLC Nancy Knupfer Quit Claim Deed · related —
    Sep 7, 2006 — Pw LLC Redevelopment Agcy Of City/burban Grant Deed · related —
    — — Burbank Media Vlg LLC — Loan Modification · related $126.5M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $25,845,000
      6.5%
      $23,860,000
      7%
      $22,155,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,367,000
      Market price range: $4.80M - $13.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $32,760,000
      WAREHOUSE, STORAGE
      $30,435,000
      COMMERCIAL (GENERAL)
      $29,445,000
      MEDICAL BUILDING
      $27,890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.338
    Latitude
    34.1543
    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
    $361,397
    $8,189,242
    $24,051,872
    $32,241,114
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,890,000
      15,367 SF

      3708 Burbank Blvd

      GROCERY, SUPERMARKET
      3708 Burbank Blvd, Burbank, CA 91505-2239
      View Details
    • Value Estimation
      $16,220,000
      49,417 SF

      2600 Victory Blvd

      GROCERY, SUPERMARKET
      2600 Victory Blvd, Burbank, CA 91505-1670
      View Details
    • Value Estimation
      $5,660,000
      16,960 SF

      2500 Victory Blvd

      GROCERY, SUPERMARKET
      2500 Victory Blvd, Burbank, CA 91505-1614
      View Details
    • Value Estimation
      $1,035,000
      3,542 SF

      2517 Burbank Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2517 Burbank Blvd, Burbank, CA 91505-2302
      View Details
    • Value Estimation
      $6,980,000
      31,815 SF

      3221 Magnolia Blvd

      RETAIL STORES (PERSONAL SERVICES)
      3221 Magnolia Blvd, Burbank, CA 91505-2906
      View Details
    • Value Estimation by Request
      1,125 SF

      3506 Magnolia Blvd

      RETAIL STORES (PERSONAL SERVICES)
      3506 Magnolia Blvd, Burbank, CA 91505-2911
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Burbank Grocery Anchored Shopping Center

      Infill shopping center anchored by Smart & Final and CVS.
      3830 West Verdugo Ave, Burbank, CA 91505
      View Details
    • $1,942,418
      Pending

      Burbank Commercial Property in Magnolia

      Versatile commercial property in a dynamic, walkable Burbank corridor.
      4708 W Magnolia Blvd, Burbank, CA 91505
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    • Contact for pricing
      Pending

      Retail Space For Sale

      Retail space available for purchase.
      2000 N Hollywood Way, Burbank, CA 91505
      View Details
    • Contact for pricing
      8,830 SF

      Burbank Boulevard Commercial Property

      Commercial property in high-demand Burbank market with excellent exposure.
      3500 W Burbank Blvd, Burbank, CA 91505
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    • Contact for pricing
      31,377 SF

      Burbank Commercial Property For Sale

      Located in Burbank's Magnolia Park District near Media District.
      610 N Hollywood Way, Burbank, CA 91505
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,625 SF

      Retail/Restaurant Space For Lease

      Multi-tenant retail/restaurant space with prominent signage and visibility.
      3001 North Hollywood Way, Burbank, CA 91505
      View Details
    • New
      $4,750 /Mo
      2,000 SF

      Storefront Retail/Office Suite

      Flexible storefront space with large windows, private parking, 12-foot ceilings, and built-in amenities including kitchenette and private bathrooms.
      3317 W Burbank Blvd, Burbank, CA 91505
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Burbank, California.
      3601 West Olive Ave, Burbank, CA 91505
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Burbank, California.
      1015 N Hollywood Way, Burbank, CA 91505
      View Details
    • Contact for pricing
      11,728 SF

      Burbank Industrial Park Flex Space

      Flex space with frontage, loading docks, and office space.
      4514 W Vanowen St, Burbank, CA 91505
      View Details
    • Contact for pricing
      5,854 SF

      Burbank Flex Space Available

      Flex space available for lease in Burbank, California.
      4131 W Vanowen Pl, Burbank, CA 91505
      View Details
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    Burbank, CA 91505-4615
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    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
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