Retail Building Zoned Mixed
3860-3870 E Colorado Blvd Pasadena, CA
3860-3870 E Colorado Blvd, Pasadena, CA, 00000
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For Sale
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Retail building with mixed-use zoning on Colorado Boulevard.
Property Size5,275 SF
Lot Size0.20 Acres
Price / SF$436.02
Days on Market408
Property Features for 3860-3870 E Colorado Blvd
General Information
- Standard status
- Active
- Size
- 5,275 SF
- Lot size
- 0.20 Acres
- Property subtype
- RETAIL
Listing Agency
Lee & Associates
(657) 348-4335
Listed by
Nick Tezak · License #02101474
(657) 348-4335
Source
Moodyscre
Added: Jun 9, 2025 Updated: Jul 10 at 11:33 am Checked: Jul 20 at 4:03 am
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 Lee & Associates
Investment Insights
Based on property information with market context.
This 5,275 square-foot retail building is situated on an 8,845 square-foot lot and is uniquely zoned for mixed-use development. The property currently comprises three retail units and one back office with garage storage. The property is 100% occupied.
Key Highlights
- Mixed‑use zoning allows for diverse development opportunities.
- 5,275 SF retail building provides substantial space.
- 100% occupancy ensures immediate income stream.
Local Financial Insights For Retail
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 | $195.0k | $36.96 |
| − Vacancy | −$4.5k | −$0.85 |
| EGI | $190.5k | $36.11 |
| − OpEx | −$57.1k | −$10.83 |
| NOI | $133.3k | $25.28 |
5,275 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.90M
$1.67M – $2.22M
NOI $133,336 @ 7.0% cap · market cap 5.80%
Second Best
Mixed Use
$1.46M
$1.27M – $1.70M
NOI $101,913 @ 7.0% cap · market cap 4.43%
Theoretical Best
Multifamily LT 5
$118.74M
$103.90M – $138.53M
NOI $8,311,835 @ 7.0% cap · market cap 361.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building with mixed-use zoning on Colorado Boulevard.
Where is this retail space located?
The property is located at 3860-3870 E Colorado Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Mixed‑use zoning allows for diverse development opportunities.; 5,275 SF retail building provides substantial space.; 100% occupancy ensures immediate income stream.
