Multi-Tenant Retail Storefront
New
For Sale
$2,000,000
2212 E Colorado, Pasadena, CA 91107
Four active storefronts provide a multi-tenant retail configuration along East Colorado Boulevard.
Property Size3,930 SF
Lot Size0.09 Acres
Price / SF$508.91
Days on Market2
Property Features for 2212 E Colorado
General Information
Standard status
Active
Size
3,930 SF
Lot size
0.09 Acres
Property subtype
Commercial
Occupancy
100%
Site & Location
Neighborhood
Pasadena Neighborhood Coalition
Highway Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Amenities
prominent signage
Building Details
Building Size
3,930 SF
Year Built
1925
Buildings
1
Units
11080
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Espi Bagwell · License #01168881
(626) 824-2267
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 4:44PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
The property is a 3,930-square-foot commercial building on a 4,022-square-foot lot, with four active retail storefronts across five contiguous addresses. Constructed in 1925, it fronts East Colorado Boulevard in Pasadena and sits along the Route 66 corridor.
The site is near the 210 Freeway and surrounding East Pasadena retail areas. Walk Score is 85, rated Very Walkable; Bike Score is 76, rated Very Bikeable; and Transit Score is 49, rated Some Transit.
The site is near the 210 Freeway and surrounding East Pasadena retail areas. Walk Score is 85, rated Very Walkable; Bike Score is 76, rated Very Bikeable; and Transit Score is 49, rated Some Transit.
Key Highlights
- 3,930‑square‑foot building on a 4,022‑square‑foot lot
- Four active retail storefronts spanning five contiguous addresses
- Located along the Route 66 corridor on 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
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
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
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
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
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Vons Floral — 2355 E Colorado Blvd, Pasadena, CA 91107
- La Amarante — 2421 E Colorado Blvd, Pasadena, CA 91107
- Pacific Floral and Event Designs LLC — 234 Allen Ave Suite 28, Pasadena, CA 91106
- Pasadena Florist — 235 e holly st, pasadena, ca 91101
- The Flowerman, Inc. — 2450 E Foothill Blvd, Pasadena, CA 91107
Frequently Asked Questions
What type of property is this?
Storefront property - Four active storefronts provide a multi-tenant retail configuration along East Colorado Boulevard.
Where is this storefront property 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; Four active retail storefronts spanning five contiguous addresses; Located along the Route 66 corridor on East Colorado Boulevard
