Individually Owned 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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$4.99M
Owner & transaction history
since 2021
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
BUM1* · Burbank, CA
Top alternative use upside
Auto repair, garage
$6.6M
+64.1%
Restaurant
$5.5M
+35.7%
Neighborhood: shopping center
$5.1M
+26.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
8 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.99M
Value range
$4.49M – $5.49M
±10% around blend
Estimated value / SF
$592 / SF
Confidence
High
11 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$4.49M
blend $4.99M
$5.49M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,425 SF
Lot area
0.2 ac
Year built
1940
Stories
1
APN
2445-028-027
Zoning
BUM1*
Assessed value
$1,968,539
Annual tax
$22,510
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.11M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.8 mi away · 6,384 SF
6.5 mi away · 8,000 SF
6.6 mi away · 6,265 SF
6.6 mi away · 9,468 SF
6.8 mi away · 6,388 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 35 sales
$480
+23%
County 2504 sales
$309
+92%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $592/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+64%
vs current-use indication
Restaurant
Neighborhood: Shopping Center
Retail Stores
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
2.90%
Implied, in-place cap rate for this investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$345k *
Last sale · Mar 2021
$4.93M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.89M
Move the market yield to see immediate price impact.
Value / SF
$1,411
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.40%2.90%3.40%
$310k
$12.93M
$10.70M
$9.13M
$345k
$14.36M
$11.89M
$10.14M
$379k
$15.80M
$13.08M
$11.15M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$750k
5.6 mi · Sep 2025 · $117/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, CAZoning BUM1* · permitted uses
BUM1* · Burbank, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BUM1*
Jurisdiction
Burbank, CA
Recorded code
BUM1*
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BUM1* in Burbank, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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