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

    3418 Burbank Blvd Burbank, CA 91505-2232

    • Investment properties
    • 7,682 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2022
    $1,017,000
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0221462
    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

    • ADvance INvestments Inc. / Real Estate Rental Agency / Property Management Company

    Property Details for 3418 Burbank Blvd

    Year built
    1961
    Lot size
    0.15 lot acres
    Property size
    7,682 SF
    Zone code
    BUC3*
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    2477-007-001
    APU
    2477007001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000
      ML approach
      $865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $661,000
      Market price range: $648k - $1.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.348
    Latitude
    34.1752
    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
    $16,046
    $559,219
    $832,127
    $1,391,346
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $280,000
      3,481 SF

      4111 Olive Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,481 SF
      4111 Olive Ave, Burbank, CA 91505-4214
      View Details
    • Value Estimation
      $290,000
      3,208 SF

      120 Buena Vis St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,208 SF
      120 Buena Vis St, Burbank, CA 91505-4583
      View Details
    • Value Estimation
      $305,000
      2,652 SF

      3116 Burbank Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,652 SF
      3116 Burbank Blvd, Burbank, CA 91505-2313
      View Details
    • Value Estimation
      $260,000
      969 SF

      3112 Burbank Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 969 SF
      3112 Burbank Blvd, Burbank, CA 91505-2349
      View Details
    • Value Estimation
      $260,000
      675 SF

      832 Hollywood Way

      OFFICE/RESIDENTIAL (MIXED USE) • 675 SF
      832 Hollywood Way, Burbank, CA 91505-2829
      View Details
    • Value Estimation
      $355,000
      3,662 SF

      2522 Magnolia Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,662 SF
      2522 Magnolia Blvd, Burbank, CA 91505-3029
      View Details

    Similar Nearby for Sale

    • $4,150,000

      Burbank Commercial Property for Sale

      Commercial property available in Burbank, California.
      215 N Cordova St, 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
    • Contact for pricing
      16,500 SF

      Creative Office Space For Sale

      Creative office space available for build to suit opportunity.
      3031-3035 N Hollywood Way, Burbank, CA 91505
      View Details
    • $2,349,000
      Pending

      Burbank Triplex with Income Potential

      Single-family residence with ADU and Jr ADU in Burbank.
      914 N Catalina St, 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
    • $2,399,900

      Burbank Specialty Property for Sale

      Specialty property available in Burbank, California.
      140 N Pass Ave, Burbank, CA 91505
      View Details

    Similar Nearby for Lease

    • $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
    • $1.09 SF/Yr
      108,459 SF

      Burbank Office Building with Warehouse

      High-end office building with additional warehouse space near Burbank Airport.
      2940 N Hollywood Way, Burbank, CA 91505
      View Details
    • Contact for pricing
      18,750 SF

      Creative Office Space Available

      Creative office space available for rent in Burbank, CA.
      3061-3065 N Hollywood Way, Burbank, CA 91505
      View Details
    • Contact for pricing
      2,164 SF

      Medical Suite in Burbank

      Built-out medical suite with exam rooms and office space.
      2601 W Alameda Ave, Burbank, CA 91505
      View Details
    • Contact for pricing
      12,172 SF

      Creative Building in Burbank Media District

      Creative office space with abundant natural light and private patio.
      2717 W Olive Ave, 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.
    3418 Burbank Blvd
    Burbank, CA 91505-2232
    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.