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Property profile & analytics
OFF-MARKET
Estimated value
$20,095,000
Grocery and convenience stores
3401 Olive Ave Burbank, CA 91505-4615
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8835756
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2019
Construction
WOOD
Total area
61,354 SF
Lot
3.84 ac (167,077 SF)
APN
2483-024-418
UPID
US09-8835756
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.86M
Comparable Approach
Comparable
$13.37M
Blend (final)
Blend
$20.10M
Owner & transaction history
Burbank Media Village LLC · 17 yrs held
Burbank Media Village LLC
since 2009
7 recorded transactions
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,845,000
6.5%
$23,860,000
7%
$22,155,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$32,760,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$30,435,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$29,445,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$27,890,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$20.10M
Range $18.09M – $22.10M · ±10%
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
$328 / 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
$361,397
Tax year 2024
Assessed value
$32,241,114
Assessed 2024
Previous assessed
$32,241,114
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$8,189,242
Assessed improvement
$24,051,872
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
NONE
Cooling
OTHER
Total area
61,354 SF
Lot
3.84 ac (167,077 SF)
APN
2483-024-418
UPID
US09-8835756
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING
Est. value
$32.8M
WAREHOUSE, STORAGE
Est. value
$30.4M
COMMERCIAL (GENERAL)
Est. value
$29.4M
MEDICAL BUILDING
Est. value
$27.9M
OFFICE BUILDING
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
2019
Construction
WOOD
Heating
NONE
Cooling
Yes
Lot
3.84 ac
Current owner
From public records · entity-resolved
Burbank Media Village LLC
Entity
Free & Clear · 17 yrs held
Mailing address
101 S 1ST ST STE #400, BURBANK, CA 91502-1938
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
—
Burbank Media Vlg LLC
—
Deed
related
$126,500,000 · Miscellaneous Ins Co
Jun 24, 2019
—
Burbank Media Village LLC
—
Deed
related
$126,500,000 · Prudential Insurance Of America
Oct 21, 2015
—
Burbank Media Vlg LLC
—
Deed Of Trust
related
$98,584,548 · 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
$126,500,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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