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    The Largest CRE Database in the US with Over 1 Million Listings

    2156 E Colorado Blvd Pasadena, CA 91107

    Sponsored
    For Sale
    $15,800,000

    Commercial Sale - Pasadena, CA

    Property size:
    23,722 SF
    Lot size:
    0.73 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 13 at 7:06 am

    Property Features for 2156 E Colorado Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5747009053
    Interior features
    Elevators, Rec Room
    Accessibility
    Accessible Elevator Installed
    Size
    23,722 SF
    Lot size
    0.73 Acres

    Utilities

    Cooling system
    Central Air, Humidity Control, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1981
    Architectural style
    Other

    We can help!

    Listing Contact
    CINDY JIE

    US National Realty (626) 382-1688

    Listing agent CINDY JIE (626) 888-9808 License #02053015

    Listing date Feb 12, 2026

    MLS# WS26032968 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pasadena Hotel on Rose Parade Route

    Located on Colorado Boulevard in Pasadena, the Ramada by Wyndham enjoys frontage directly along the Rose Parade route. The 3-story hotel, built in 1981, has a building size of 23,722 square feet and is situated on a 31,913 square foot lot. It features 80 guest rooms, including 37 king rooms, 35 double queen rooms, 3 ADA double queen rooms, and 2 king suites. The former manager’s quarters have been converted into two additional guest rooms, and the upstairs meeting room has been converted into a double queen room. Approximately 18 rooms offer balconies with direct views of the Rose Parade. The property provides approximately 62 parking spaces. Amenities include a fitness center, business center, laundry facilities, outdoor pool and spa, complimentary breakfast, free parking, free high-speed internet, and wheelchair accessible (ADA) rooms. The hotel is conveniently situated near Caltech, Pasadena City College, the Huntington Library, the Rose Bowl, Old Town Pasadena, and Downtown Pasadena’s Central Business District, offering accessibility to freeways, business centers, and public transportation. The hotel has historical occupancy ranging from 85% to 100% and a stable operating history. It is affiliated with the Wyndham Hotels & Resorts network, and presents potential for value-add improvements and rate optimization.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ramada by Wyndham ... Hotel & Motel

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1058198
    Latitude
    34.1456744

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    FAQs

    What type of property is this?
    Hotel - Hotel with prime location, strong occupancy, and value-add potential.
    Where is this hotel located?
    The property is located at 2156 E Colorado Blvd Pasadena, CA.
    What is the asking price?
    The asking price for this property is $15,800,000.
    What are key features of this property?
    This property features: - Prime frontage on Colorado Boulevard along the Rose Parade route.; - Historical occupancy ranging from 85% to 100%.; - Strong tourism, university, and corporate demand base due to proximity to Caltech, Pasadena City College, Huntington Library, Rose Bowl, and Old Town Pasadena.
    (626) 216-4228
    Request Owner's contact information
    2156 E Colorado Blvd Pasadena, CA 91107
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    Pasadena, CA 91107
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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
    2156 E Colorado Blvd Pasadena, CA 91107
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    We can help!
    Listing Contact
    CINDY JIE
    Real Estate License ID: 02053015
    (626) 216-4228 (626) 888-9808
    Learn more
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