Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    11 Del Mar Blvd Pasadena, CA 91105-2592

    • Office buildings
    • 10,971 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6291179
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Covered California Certified Agent - Oscar Valenzuela / Insurance Agency
    • Dr. Mohammad Kamal / Pathologist / Practitioner Service Location
    • Lifestyle Outdoor - Pasadena / Hot Tub Store / Hot Tub Repair Service
    • Omnipathology Solutions Med / Medical Laboratory

    Property Details for 11 Del Mar Blvd

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    0.21 lot acres
    Property size
    10,971 SF
    Zone code
    PSC-
    Property type
    Office buildings
    APN
    5713-023-019
    APU
    5713023019

    Description

    This exceptional Pasadena commercial property, located at 11 W Del Mar Blvd, 91105, offers a unique blend of office and lab space ideal for a variety of businesses. The building, constructed in 1978, features a total of 8,736 square feet across two stories, divided into seven suites. Suites range from approximately 998 to 1,850 square feet, providing flexibility for businesses of varying sizes. The property sits on a 9,069 square foot lot and is zoned PSC. The building boasts ample free parking with 26 convenient surface spaces and a wide rear alley for easy access. The current lab configuration offers approximately 7,595 square feet upstairs and 1,141 square feet downstairs. This Class C building presents a compelling opportunity for businesses seeking a well-located, versatile workspace in the thriving Pasadena market. The property's location in Pasadena, California offers excellent visibility and accessibility. This is an exceptional opportunity to establish or expand your business in a dynamic and convenient setting. The building's signage availability further enhances its appeal for businesses seeking high visibility. This property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.151
    Latitude
    34.141
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $39,851
    $2,403,649
    $970,942
    $3,374,591
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      0.34 Acres

      47 Congress St

      PROFESSIONAL BUILDING • 0.34 Acres
      47 Congress St, Pasadena, CA 91105-3008
      View Details
    • Value Estimation
      $900,000
      22,394 SF

      333 Arroyo Pkwy

      OFFICE BUILDING • 22,394 SF
      333 Arroyo Pkwy, Pasadena, CA 91105-2545
      View Details
    • Value Estimation
      $415,000
      4,860 SF

      30 Del Mar Blvd

      OFFICE BUILDING • 4,860 SF
      30 Del Mar Blvd, Pasadena, CA 91105-2523
      View Details
    • Value Estimation
      $660,000
      16,713 SF

      135 Grn St

      OFFICE BUILDING • 16,713 SF
      135 Grn St, Pasadena, CA 91105-4131
      View Details
    • Value Estimation
      $530,000
      17,113 SF

      445 Fair Oaks Ave

      PROFESSIONAL BUILDING • 17,113 SF
      445 Fair Oaks Ave, Pasadena, CA 91105-2632
      View Details
    • Value Estimation
      $695,000
      13,587 SF

      804 Fair Oaks Ave

      PROFESSIONAL BUILDING • 13,587 SF
      804 Fair Oaks Ave, Pasadena, CA 91105-2601
      View Details

    Similar Nearby for Sale

    • $750,000
      733 SF

      Charming Freestanding Office Building

      Freestanding office building available for lease or sale.
      438 S Pasadena Ave, Pasadena, CA 91105
      View Details
    • Contact for pricing
      9,711 SF

      Pasadena Office Building For Sale

      Pasadena office building with high visibility and ample parking.
      701-727 Fair Oaks Ave, Pasadena, CA 91105
      View Details
    • $11,000,000
      24 SF

      Prime Old Pasadena Corner Property

      Mixed-use retail and office building in the heart of Old Pasadena.
      50 S De Lacey Ave, Pasadena, CA 91105
      View Details
    • $3,800,000
      4,480 SF

      Pasadena Freestanding Office Building

      Turn-key, high-image creative space in Pasadena, California.
      60 W Bellevue Dr, Pasadena, CA 91105
      View Details
    • $6,940,000
      13,880 SF

      Pasadena Creative Office Building

      13,015 SF, 9 Units, 100% Occupied
      55 Waverly Dr, Pasadena, CA 91105
      View Details
    • Contact for pricing
      6,596 SF

      Freestanding Flex/Industrial/Creative Building

      Renovated flex/industrial/creative building, south of Old Pasadena.
      450 S Raymond Ave, Pasadena, CA 91105
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      1,969 SF

      Class A Office Building

      Five-story office building on Huntington Hospital campus for lease.
      10 Congress St, Pasadena, CA 91105
      View Details
    • $35 SF/Yr
      8,164 SF

      Executive Suites Pasadena, CA

      Prestigious Office Space Available Now
      51 Dayton St, Pasadena, CA 91105
      View Details
    • $31 SF/Yr
      8,189 SF

      The Edison El Rey: Creative Office Space

      Pasadena Creative Office Suites Available Now
      87 Green St, Pasadena, CA 91105
      View Details
    • Contact for pricing
      4,200 SF

      Prime Pasadena Executive Suites

      Upscale Old Town Office Space, 3 Suites Available
      488 Fair Oaks Ave, Pasadena, CA 91105
      View Details
    • Contact for pricing
      1,479 SF

      Pasadena Office Spec Suite Available

      Second floor office space available for rent in Pasadena.
      50 Alessandro Pl, Pasadena, CA 91105
      View Details
    • $23 SF/Yr
      23,718 SF

      Pasadena Office Space: 23,718 SF

      Prime Pasadena office & land, divisible, ample parking.
      210 De Lacey Ave, Pasadena, CA 91105
      View Details
    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.
    11 Del Mar Blvd
    Pasadena, CA 91105-2592
    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

    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.