Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pasadena Office Building For Sale Title is generated by Realmo AI

    188 N Holliston Ave, Pasadena, CA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office building with live-work space available in Pasadena, CA.

    Type:OFFICE
    Property size:
    10,900 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $412/SF
    Added:
    Jun 11, 2019
    Days on Market:
    2552
    Last Refresh:
    May 20 at 8:29 pm

    Property Features for 188 N Holliston Ave

    General Information

    Standard status
    Active
    Size
    10,900 SF
    Lot size
    0.18 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Hoss MacVaugh
    Hoss MacVaugh

    Listing agent Hoss MacVaugh License #00971669

    Listing office MacVaugh & Co

    Listing date Jun 11, 2019

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of MacVaugh & Co

    HighLights

    • Second floor unit suitable as a live‑in work space.
    • Enjoy the roof‑top deck on the second floor.
    • Second‑floor patio overlooking Holliston Ave.
    • Ground floor units with high ceilings and natural lighting.
    • Ground floor units with open floor plans.
    • Ground floor units with concrete floors.

    Overview

    This office building offers a mix of commercial and residential space. The property includes three ground floor units and one second-floor unit currently configured as a live-in workspace. The ground floor units feature concrete floors, high ceilings, natural lighting, and mostly open floor plans. The second floor includes a patio overlooking Holliston Avenue and a rooftop deck. The residential space also features a full kitchen, bar, studio, two bedrooms, and two bathrooms. The building contains a total of 10900 square feet and is located on Holliston Ave in Pasadena, CA.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $366.2k $33.60
    − Vacancy −$54.9k −$5.04
    EGI $311.3k $28.56
    − OpEx −$77.8k −$7.14
    NOI $233.5k $21.42
    10,900 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.34M
    $2.92M – $3.89M (±1% cap)
    NOI $233,478 @ 7.0% cap · market cap 5.19%
    Second Best
    Mixed Use
    $3.01M
    $2.63M – $3.51M (±1% cap)
    NOI $210,588 @ 7.0% cap · market cap 4.68%
    Theoretical Best
    Multifamily LT 5
    $245.36M
    $214.69M – $286.25M (±1% cap)
    NOI $17,175,166 @ 7.0% cap · market cap 381.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Karma Train Productions Film Production Linkage Trading LLC Logistics Company Oshima Studio Architects Architect Van Dyke Visual ... Film Production

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.123
    Latitude
    34.1492

    Nearby Similar for Sale

    • $1,799,999
      3,418 SF

      Corner-Unit Triplex with Courtyard

      Three separately metered residences with courtyard, detached laundry, and dual-driveway parking, all currently leased.
      637 N Raymond Avenue, Pasadena, CA 91103
      View Details
    • $1,799,999
      3,418 SF

      Corner Triplex with Courtyard

      A well-maintained corner triplex offering separate utilities, on-site parking, and a shared courtyard for everyday use.
      637 N Raymond Avenue, Pasadena, CA 91103
      View Details
    • $1,880,000
      3,439 SF

      Pasadena Quadruplex with Upside Potential

      Four-unit income property in Pasadena with development potential.
      279 Parke Street, Pasadena, CA 91101
      View Details
    • $1,898,000
      2,556 SF

      Pasadena Triplex with Development Potential

      Multi-unit property in Madison Heights with investment and development upside.
      892 S Marengo, Pasadena, CA 91106
      View Details
    • $15,680,000
      23,722 SF

      Pasadena Hotel on Rose Parade Route

      Well-located Pasadena hotel with strong occupancy and event-driven upside.
      2156 E Colorado Boulevard, Pasadena, CA 91107
      View Details
    • $85,000
      1,000 SF

      Pasadena Restaurant Business Opportunity

      Well-known family restaurant for sale in Pasadena, California.
      1251 N Lake Avenue, Pasadena, CA 91104
      View Details
    • $3,800,000
      4,480 SF

      Pasadena Freestanding Office Building

      Turn-key, high-image creative space in Pasadena, California.
      60 W Bellevue, Pasadena, CA 91105
      View Details
    • $1,599,000
      3,168 SF

      Pasadena Duplex: Versatile Redevelopment Opportunity

      Renovated Pasadena duplex with diverse potential uses and prime location.
      1325 Glen, Pasadena, CA 91103
      View Details
    • $1,600,000
      3,480 SF

      Commercial Building in Pasadena, CA

      Commercial building for sale in Pasadena, tenant occupied.
      1485 Lincoln, Pasadena, CA 91103
      View Details
    • $1,100,000
      1,881 SF

      Pasadena Duplex Investment Opportunity

      Duplex in Pasadena, ideal for investors and owner-users.
      1428 N Hill Ave, Pasadena, CA 91104
      View Details
    • $2,899,000
      3,420 SF

      Pasadena Auto Body Facility

      Functional auto body facility on high-traffic East Colorado Blvd.
      3549 E Colorado Blvd, Pasadena, CA
      View Details
    • $1,350,000
      2,222 SF

      Pasadena Duplex: Income Opportunity

      Well-maintained duplex in Pasadena with immediate rental income.
      79 N Berkeley, Pasadena, CA 91107
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with live-work space available in Pasadena, CA.
    Where is this office building located?
    The property is located at 188 N Holliston Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Second floor unit suitable as a live‑in work space.; Enjoy the roof‑top deck on the second floor.; Second‑floor patio overlooking Holliston Ave.
    (626) 255-2308 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hoss MacVaugh
    Hoss MacVaugh
    Real Estate License ID: 00971669
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    188 N Holliston Ave, Pasadena, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!