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    680 Colorado Blvd Pasadena, CA 91101

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Pasadena location, flexible office suites.

    Lot size:
    48,831 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This Class A office building, located at 680 E Colorado Blvd in Pasadena, CA 91101, offers 48,831 square feet of versatile workspace. The property, renovated in 2019, features a mix of traditional office, executive office, coworking, and creative office spaces, perfect for businesses of all sizes. Units range from a minimum of 50 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,650 square feet are available. The building boasts an attractive art deco design, a high-end lobby, and excellent street presence. Amenities include a ground floor restaurant, shared courtyards, communal areas, meeting rooms, and lounges. High-speed Wi-Fi and 24-hour access are provided. Convenient underground parking is available with direct building access, along with ample above-ground parking. The building's location offers easy access to public transportation, including the Metro Gold Line Light Rail, providing a simple commute to Downtown Los Angeles. The surrounding Playhouse District is a vibrant neighborhood with numerous retail options, restaurants, and cultural attractions, including universities and the Pasadena Playhouse. This is an exceptional opportunity to establish your business in a thriving and convenient location.

    Property Features for 680 Colorado Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,831 SF
    Class
    A
    Total Rate
    92778.9

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Coworking Non Reserve
    Size
    108 SF
    Rate per SF
    $22
    Space
    Coworking dedicated
    Size
    108 SF
    Rate per SF
    $27
    Space
    Private office for 1 person
    Size
    538 SF
    Rate per SF
    $97
    Space
    Private office for 2 people
    Size
    538 SF
    Rate per SF
    $112
    Space
    Open plan office space for + 15 people
    Size
    1,292 SF
    Rate per SF
    $54
    Space
    Private office for 5 people
    Size
    807 SF
    Rate per SF
    $106
    Space
    Private office for 4 people
    Size
    646 SF
    Rate per SF
    $86
    Space
    Private office for 3 people
    Size
    646 SF
    Rate per SF
    $87
    Space
    Open plan office space for + 10 people
    Size
    1,184 SF
    Rate per SF
    $73

    HighLights

    • 48,831 square feet Class A office building in Pasadena, CA.
    • 2019 renovation, offering traditional, executive, coworking, and creative office spaces.
    • Suites range from 50 to 1,300 square feet, totaling 350 suites; 5,650 square feet currently available.
    • Art deco design, high‑end lobby, excellent street presence; amenities include a ground floor restaurant, shared courtyards, meeting rooms, and lounges.
    • High‑speed Wi‑Fi, 24‑hour access, underground and above‑ground parking, and easy access to public transportation (Metro Gold Line).
    Property Profile Location Intelligence

    Current Use by Public Records

    MJ Fences & Gates Fence Contractor Sarah Chung - Compass Real Estate Agent Davinci Meeting Rooms Meeting Planning Service Alex Yufik, J.D., ... Psychologist My Buddies Place, ... Holding Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1361091
    Latitude
    34.1453583

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    FAQs

    What type of property is this?
    Office space - Prime Pasadena location, flexible office suites.
    Where is this office space located?
    The property is located at 680 Colorado Blvd Pasadena, CA.
    What is the lease rate?
    The lease rate is $22-$112 SF/Yr.
    What are key features of this property?
    This property features: 48,831 square feet Class A office building in Pasadena, CA.; 2019 renovation, offering traditional, executive, coworking, and creative office spaces.; Suites range from 50 to 1,300 square feet, totaling 350 suites; 5,650 square feet currently available.
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    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.

    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
    680 Colorado Blvd Pasadena, CA 91101
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