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Property profile & analytics
OFF-MARKET
Estimated value
$5,005,000
Investment properties
625 Glenwood Pl Burbank, CA 91506-2819
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7837342
Property summary
AI-generated overview
This Burbank, CA property, located in the heart of Audio Alley, presents a unique redevelopment opportunity. The offering encompasses three separate lots (APN: 2445-028-027, 2445-028-007, 2445-028-008) totaling 26,183 square feet of land, with an existing 7,705 square foot warehouse building. Built in 1964, the structure features steel-reinforced red block construction, approximately 15-foot minimum clear height (reaching up to 20 feet in some areas), and four ground-level loading doors. The property is currently vacant, offering flexibility for a variety of uses including creative mixed-use, light industrial, flex space, office, or specialty applications. The substantial remaining yard space allows for ample parking or expansion. Conceptual plans for a recording and rehearsal studio are available. Its prime location provides easy access to freeways and public transportation. The asking price is $4,999,999, translating to $648.93 per square foot. This value-add/redevelopment opportunity is ideal for owner-users seeking a strategic investment in a thriving Burbank location.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1940
Construction
WOOD
Total area
8,425 SF
Lot
0.2 ac (8,633 SF)
Zoning code
BUM1*
APN
2445-028-027
UPID
US09-7837342
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$5.01M
Owner & transaction history
Thomas L Busy · 5 yrs held
Thomas L Busy
since 2021
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
BUM1* · Burbank, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+64.1%
Restaurant
$5.5M
+35.7%
Neighborhood: shopping center
$5.1M
+26.8%
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
$4,990,000
ML approach
$5,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,045,000
Current use
AUTO REPAIR, GARAGE
$6,635,000
Change: +64% · Conversion: Difficult
RESTAURANT
$5,485,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,125,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$4,610,000
Change: +14% · Conversion: Easy
OFFICE BUILDING
$4,535,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$4,180,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$3,830,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$5.01M
Range $4.50M – $5.51M · ±10% · vs last sale $4.93M (Mar 5 2021)
Last sale anchor
$4.93M
Mar 5 2021
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
$594 / 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
$22,510
Tax year 2024
Assessed value
$1,968,539
Assessed 2024
Previous assessed
$1,968,539
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,310,591
Assessed improvement
$657,948
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,425 SF
Lot
0.2 ac (8,633 SF)
Zoning code
BUM1*
APN
2445-028-027
UPID
US09-7837342
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
BUM1* · Burbank, CA
Zoning BUM1* · permitted uses
BUM1* · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$6.6M
RESTAURANT
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
RETAIL STORES
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1940
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Thomas L Busy
Individual
Free & Clear · 5 yrs held
Mailing address
10960 WILSHIRE BLVD5THFL, LOS ANGELES, CA 90024-3702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
May 8, 2026
—
Glenwood Holdings LLC
—
Deed
related
$2,105,640 · City National Bank
Mar 10, 2021
—
Thomas L Busy
Harry R Bucy
Affidavit Death Of Trustee/successor Trustee
—
Mar 5, 2021
$4,925,000
Lee Residential LLC
Thomas L Bucy
Grant Deed
—
Nov 25, 2009
—
Bucy Thomas L & J R Fam Trust
Bucy,thomas L & Janell R
Quit Claim Deed
related
—
Jun 11, 2008
—
Thomas L Bucy
Bucy Family Living Trust
Quit Claim Deed
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.
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