Building Details

Year built 1925

Buildings 1

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Espi Bagwell · License #01168881 Show Phone

Added: Oct 27 Changed: Nov 2 Last Checked: Nov 4 at 12:06PM

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MLS# AR26231716

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.

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Investment Insights

Based on property information with market context.

Built in 1925, this Pasadena retail property contains 3,930 square feet of building area on a 4,022-square-foot lot. The property is divided among retail storefronts spanning five contiguous addresses, from 2212 through 2220 East Colorado Boulevard. The source data gives inconsistent storefront and occupancy counts, so those details are not specified here.

The property sits on East Colorado Boulevard along the Route 66 corridor, with access to the 210 Freeway. Prominent signage is also noted.

Key Highlights

• 3,930‑square‑foot building on a 4,022‑square‑foot lot
• Built in 1925
• Five contiguous addresses: 2212, 2214, 2216, 2218, and 2220 East Colorado Boulevard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,338

Cap Rate

4.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,986,760 $2.0M

Cap Rate 7%

$1,419,114 $1.4M

Cap Rate 9%

$1,103,756 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,930 SF

Gross rent

$145.3K $36.96/SF

− Vacancy

−$3.3K −$0.85/SF

EGI

$141.9K $36.11/SF

− OpEx

−$42.6K −$10.83/SF

NOI

$99.3K $25.28/SF

Area

Pasadena, CA

Vacancy

2.30%

Lease Rate

$36.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,986,760

Cap Rate 7%

$1,419,114

Cap Rate 9%

$1,103,756

Alternative Uses

Best Use

Retail

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,338 @ 7.0% cap · market cap 4.97%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$88.46M

$77.41M – $103.21M (±1% cap)

NOI $6,192,514 @ 7.0% cap · market cap 309.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Super Style Cuts Hair Salon

Suggested Use

Top Pick Food Market Grocery & Convenience Store Real Estate Agency (Bike/Boat/Book/etc) Store Law Firm Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,495

Businesses Nearby

179k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 31% Shops & Services 30% Dining 28% Apparel 5%

VONS Groceries

52,866 visits/mo 0.3 miles

In-N-Out Burger Dining

21,888 visits/mo 0.3 miles

Mobil Shops & Services

16,111 visits/mo 0.5 miles

Taco Bell Dining

15,699 visits/mo 0.3 miles

Chase Bank Shops & Services

9,752 visits/mo 0.2 miles

Demographics for 91107, CA

33,729

Population

14,137

Households

2.4

Avg Household Size

43

Median Age

59%

College-Educated

93%

High-School Grad

8.5 sq mi

ZIP Area

3,968

Density / Sq Mi

$124,880

Median Household Income

$62,250

Median Earnings

$2,311

Median Rent

$1,106,600

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Strip mall - A collection of retail storefronts offers multiple commercial spaces within one property.

Where is this strip mall located?

The property is located at 2212 E Colorado Pasadena, CA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 3,930‑square‑foot building on a 4,022‑square‑foot lot; Built in 1925; Five contiguous addresses: 2212, 2214, 2216, 2218, and 2220 East Colorado Boulevard