Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 East Colorado Blvd Pasadena, CA 91105

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Six-story, 85,906 SF building in the heart of Old Town.

    Property size:
    12,379 SF
    Lot size:
    12,379 SF

    Property Features for 117 East Colorado Blvd

    General Information

    Standard status
    Active
    Size
    12,379 SF

    We can help!

    Listing Contact
    Damon Feldmeth
    Source: Cbre

    Listing Agent: Damon Feldmeth

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

    Learn more

    Overview

    Historic Old Town Pasadena Office

    This is a six-story, 85,906 square foot historic building situated in the heart of Old Town Pasadena. Its location offers convenient walking distance to numerous restaurants and shops. A notable feature of the building is its operable tenant windows, designed to allow fresh outside air and ventilation.
    Location Intelligence

    Current Use by Public Records

    Tesla Tesla Showroom Zonberation Group (United ... Property Management Company Flying Tigers Property ... Property Management Company Chamber Of Commerce Building Office Space Rental Agency American City University Business School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1530004
    Latitude
    34.1460416

    Nearby Similar for Lease

    • $1,000 /Mo
      672 SF

      Pasadena Hair/Beauty Salon Sublease

      Sublease opportunity in established Pasadena hair/beauty salon.
      1056 E Walnut St, Pasadena, CA 91106
      View Details
    • $1,650 /Mo

      Updated Studio in Gated Community

      Updated studio in prime Pasadena location with mountain views.
      3622 E Colorado Blvd, Pasadena, CA 91107
      View Details
    • $1,900 /Mo
      536 SF

      Pasadena Apartment in Quiet Complex

      536 sqft apartment in a quiet, landscaped Pasadena complex.
      999 N Lake Ave, Pasadena, CA 91104
      View Details
    • $2,800 /Mo

      Renovated Two-Story Home with Yard

      Recently renovated 2 bedroom, 1 bath home with outdoor space.
      1716 Glen Ave, Pasadena, CA 91103
      View Details
    • $3 SF/Yr
      20,132 SF

      Colorado Boulevard Office Suite

      Office suite with balcony overlooking Colorado Blvd in Old Pasadena.
      36 West Colorado Blvd, Pasadena, CA 91105
      View Details
    • $4,690 /Mo

      Remodeled Pasadena Home For Rent

      Stunning 3-bedroom, 2-bathroom remodeled home in Pasadena.
      643 E California Blvd, Pasadena, CA 91101
      View Details
    • $31 SF/Yr
      18,000 SF

      Huntington Drive Office Space for Lease

      Prime Pasadena Office, 2,485 SF Available
      3675 Huntington Dr, Pasadena, CA 91107
      View Details
    • Contact for pricing
      2,650 SF

      Prime Pasadena Executive Suites

      Prestigious Offices, 5 Suites Available
      117 Colorado Blvd, Pasadena, CA 91105
      View Details
    • $39 SF/Yr
      2,401 SF

      Lake Cordova Executive Suites

      Pasadena Office Space For Lease
      0 200 - 202 Lk, Pasadena, CA 91101
      View Details
    • Contact for pricing
      24,366 SF

      Pasadena Retail Spaces Available

      Prime Pasadena location, multiple spaces
      495-505 Lake Ave, Pasadena, CA 91101
      View Details
    • $2 SF/Yr
      34,517 SF

      Retail Space in Pasadena Center

      Retail space available in a busy Pasadena shopping center.
      736 North Los Robles Ave, Pasadena, CA 91104
      View Details
    • Contact for pricing
      82,369 SF

      Pasadena Historic Sanctuary For Rent

      Unique architectural gem with adaptive reuse possibilities in Pasadena.
      464 E Walnut St, Pasadena, CA 91101
      View Details

    FAQs

    What type of property is this?
    Office building - Six-story, 85,906 SF building in the heart of Old Town.
    Where is this office building located?
    The property is located at 117 East Colorado Blvd Pasadena, CA.
    What are key features of this property?
    This property features: - Located in the heart of Old Town Pasadena; - 85,906 square foot historic building; - Walking distance to numerous restaurants and shops
    (818) 502-6768
    Request Owner's contact information
    117 East Colorado Blvd Pasadena, CA 91105
    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.
    117 East Colorado Blvd
    Pasadena, CA 91105
    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
    117 East Colorado Blvd Pasadena, CA 91105
    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

    We can help!
    Listing Contact
    Damon Feldmeth
    Real Estate License ID: 01171037
    (818) 502-6768
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.