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Property profile & analytics
OFF-MARKET
Estimated value
$8,565,000
Office buildings
3500 Olive Ave Burbank, CA 91505-4628
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6894970
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Construction
STEEL FRAME
Total area
255,800 SF
Lot
1.47 ac (64,238 SF)
Zoning code
BUC2*
APN
2485-024-041
UPID
US09-6894970
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
-
Spectrum Ace Telecommunications Service Data Center
-
5 Alarm Music Film Production Television Studio
-
Telepictures Productions Film Production Television Studio
-
Edward Jones - Financial Advisor: Joe Gitto, CFP®|CEPA®|AAMS™|CKA® Financial Advisor
-
BitIRA Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.57M
Owner & transaction history
Capital Grille Holdings INC · 2 yrs held
Capital Grille Holdings INC
since 2024
5 recorded transactions
Zoning & alternative use
BUC2* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$33 / 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
$780,941
Tax year 2024
Assessed value
$69,447,900
Assessed 2024
Previous assessed
$69,447,900
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,267,079
Assessed improvement
$66,180,821
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Total area
255,800 SF
Lot
1.47 ac (64,238 SF)
Zoning code
BUC2*
APN
2485-024-041
UPID
US09-6894970
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC2* · Burbank, CA
Zoning BUC2* · permitted uses
BUC2* · 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.
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Lot
1.47 ac
Current owner
From public records · entity-resolved
Capital Grille Holdings INC
Entity
Mailing address
100 WILSHIRE BLVD STE 1600TH SANTA MONICA
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
—
3500 Partners LLC
—
Deed
related
—
Jul 11, 2024
—
Capital Grille Holdings INC
3500 Partners LLC
Lease
—
Sep 22, 2017
—
3500 Partners LLC
—
Deed
related
—
May 14, 2004
—
3500 Partners LLC
Toluca Lake Financial Centre
Grant Deed
$48,800,000 · Greenwich Capital Fin'l Produc
Jan 1, 1990
—
Toluca Lake Financial Center
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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