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    Property profile & analytics

    36 Palm Ave Burbank, CA 91502-1831

    • Manufacturing properties
    • 6,350 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Aug 09, 2023
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8537852
    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

    • Integrity Driveway Gate Repair / Fence Contractor / Iron Works
    • Ground Zero Motorsports / Car Repair And Maintenance Service
    • The dream of a men / Adult Dvd Store
    • Garagerz Automotive / Mechanic

    Property Details for 36 Palm Ave

    Year built
    1940
    Construction
    TILT-UP CONCRETE
    Lot size
    0.18 lot acres
    Property size
    6,350 SF
    Zone code
    BUM2*
    Property type
    Manufacturing properties
    APN
    2453-004-019
    APU
    2453004019

    Description

    This exceptional 6,350-square-foot warehouse/showroom is ideally situated in Burbank's vibrant Downtown entertainment district, offering unparalleled visibility and accessibility. Located at 36 E Palm Ave, Burbank, CA 91502, this single-tenant property boasts a prime location off the 5 Freeway, providing excellent freeway visibility and easy access to the 5, 134, and 101 freeways. Built in 1940, this one-story building features a 16-foot ceiling height, one loading dock, one drive-in door, and heavy power, making it suitable for various industrial applications, post-production, or showroom uses. The property sits on a 7,476 square foot lot and includes convenient proximity to city parking facilities. The space is currently vacant and offers a highly attractive lease rate of $2.00 per rentable square foot per month. The building is also located on a dark fiber loop, ensuring robust connectivity. This versatile property presents a unique opportunity for businesses seeking a prominent location in the heart of Burbank. APN: 2453-004-019.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $320,000
      Market price range: $236k - $539k

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

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.312
    Latitude
    34.1803
    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
    $11,655
    $780,957
    $141,981
    $922,938
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $905,000
      3.04 Acres

      Burbank, CA 91502

      MANUFACTURING (LIGHT) • 3.04 Acres
      Burbank, CA 91502
      View Details
    • Value Estimation
      $290,000
      17,820 SF

      211 Frnt St

      MANUFACTURING (LIGHT) • 17,820 SF
      211 Frnt St, Burbank, CA 91502
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    • Value Estimation
      $330,000
      5,983 SF

      36 Magnolia Blvd

      MANUFACTURING (LIGHT) • 5,983 SF
      36 Magnolia Blvd, Burbank, CA 91502-1712
      View Details
    • Value Estimation
      $280,000
      9,948 SF

      507 Varney St

      MANUFACTURING (LIGHT) • 9,948 SF
      507 Varney St, Burbank, CA 91502
      View Details
    • Value Estimation
      $640,000
      23,119 SF

      517 Varney St

      MANUFACTURING (LIGHT) • 23,119 SF
      517 Varney St, Burbank, CA 91502
      View Details
    • Value Estimation
      $430,000
      10,240 SF

      170 Flower St

      MANUFACTURING (LIGHT) • 10,240 SF
      170 Flower St, Burbank, CA 91502-2122
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,266 SF

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      Free standing industrial building in Burbank, delivered vacant.
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      Renovated Burbank Warehouse with Yard

      14,400 SF renovated warehouse with secure, gated yard.
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      Burbank Creative Space with Upgrades

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      Renovated Burbank Warehouse For Sale

      Freestanding, renovated warehouse with rear loading and fenced parking.
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    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Free-Standing Gated Building For Rent

      6,500 SF Burbank building ideal for creative and production.
      210 W Palm Ave, Burbank, CA 91502
      View Details
    • $2 SF/Yr
      6 SF

      Burbank Industrial Space Available

      Industrial property available for lease in Burbank, California.
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      View Details
    • $2 SF/Yr
      3,588 SF

      Burbank Freestanding Flex/Industrial Building

      Freestanding flex/industrial building with 13' clear height, fully HVAC.
      425 N Moss St, Burbank, CA 91502
      View Details
    • $2 SF/Yr
      6,500 SF

      Burbank Flex Space Available

      6,500 SF flex space with fenced yard for lease.
      202 W Palm Ave, Burbank, CA 91502
      View Details
    • $2 SF/Yr
      4,281 SF

      Burbank Flex Space Sublease

      Flex space available for sublease in Burbank, California.
      1311 S Flower St, Burbank, CA 91502
      View Details
    • $82 SF/Yr
      479 SF

      Burbank Executive Office Suites

      Modern Burbank Offices, 2 Spaces Available
      211 Victory Blvd, Burbank, CA 91502
      View Details
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    36 Palm Ave
    Burbank, CA 91502-1831
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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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