New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Retail space
501 Glenoaks Blvd Burbank, CA 91502-1123
Individually Owned
38-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0039752
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
TILT-UP CONCRETE
Total area
10,888 SF
Lot
0.28 ac (12,399 SF)
Zoning code
BUC3-R4*
APN
2460-034-001
UPID
US10-0039752
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
-
CARRIE'S PHARMACY Pharmacy
-
Lyudmila Osadchuk Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Varon Gregory C · 38 yrs held
Varon Gregory C
since 1988
7 recorded transactions
Zoning & alternative use
BUC3-R4* · 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
$214 / 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
$30,308
Tax year 2024
Assessed value
$2,417,760
Assessed 2024
Previous assessed
$2,417,760
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,039,459
Assessed improvement
$1,378,301
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
10,888 SF
Lot
0.28 ac (12,399 SF)
Zoning code
BUC3-R4*
APN
2460-034-001
UPID
US10-0039752
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUC3-R4* · Burbank, CA
Zoning BUC3-R4* · permitted uses
BUC3-R4* · 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
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Varon Gregory C
Individual
Mailing address
427 W COLORADO ST STE #201, GLENDALE, CA 91204-1585
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1988
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
Oct 29, 2021
—
501 541 Glenoaks LLC
—
Deed
related
$3,500,000 · Jpmorgan Chase Bank NA
Nov 29, 1993
—
Parikh Bhupesh
—
Deed Of Trust
related
—
Sep 25, 1992
—
Parikh Bhupesh
—
Deed Of Trust
related
—
Jan 14, 1988
$1,850,000
Varon Gregory C
Smith
Grant Deed
$1,628,750 · Smith Morris S
—
—
501-541 Glenoaks LLC
—
Deed Of Trust
related
$2,225,000 · Universal Bank
—
—
Parikh Trust
—
Deed Of Trust
related
$2,750,000 · California National Bank
—
—
501-541 Glenoaks LLC
—
Deed Of Trust
related
$2,745,000 · Universal Bank
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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