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    Property profile & analytics

    826 Fair Oaks Ave Pasadena, CA 91103

    • Commercial real estate
    For Sale
    View listing
    $1,995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6900277
    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

    • Commercial real estate

    Property Details for 826 Fair Oaks Ave

    Property type
    Commercial real estate
    APN
    5725-001-006

    Description

    This exceptional 10,732 square foot lot at 826 N Fair Oaks Ave in Pasadena, California (APN 5725-001-006) presents a remarkable permit-ready development opportunity. Zoned PSR*, this property offers a pre-approved plan for a mixed-use development encompassing 6,602 square feet of ground floor commercial space and six multi-family residential units. All necessary plans and permits are readily available upon request, streamlining the development process and minimizing delays. The property's strategic location boasts excellent visibility and accessibility, situated near major businesses including Wells Fargo, CVS, Starbucks, USPS, and Heritage Square. With a second Heritage Square development underway just one block away, this location benefits from significant ongoing revitalization and increased foot traffic. Convenient access to the 210 and 134 freeways ensures easy commutes and excellent connectivity. This is an exceptional investment opportunity for developers seeking a prime location with a pre-approved plan, minimizing risk and maximizing return. The asking price is $1,995,000. Don't miss this chance to capitalize on Pasadena's thriving market.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1502797
    Latitude
    34.1600808

    Comparable in this City

    • $8,000,000
      0.91 Acres

      Pasadena Micro-Unit Development Land

      Prime Pasadena land, 84 micro-unit potential.
      0 Walnut St, Pasadena, CA 91103
      View Details
    • $3,265,000
      5,001 SF

      Pasadena Multifamily Investment

      7-Unit Turnkey Apartment Building, Old Town Pasadena
      425 Raymond Ave, Pasadena, CA 91103
      View Details
    • $2,250,000

      Pasadena Residential Income Property

      Residential income property in Pasadena, leased back by owner.
      769 N Orange Grove Blvd, Pasadena, CA 91103
      View Details
    • $11,800,000
      21,982 SF

      Old Town Pasadena Apartment Complex

      19-unit building, high occupancy, strong NOI
      155 Raymond Ave, Pasadena, CA 91103
      View Details
    • $1,600,000
      3,700 SF

      Pasadena Investment Opportunity: Four Units

      Four-unit property in Pasadena, fully occupied, near Old Town.
      541 N Summit Ave, Pasadena, CA 91103
      View Details
    • $2,200,000
      0.45 Acres

      Pasadena Land with Approved Plans

      Half-acre lot with architectural plans for a Sea Ranch property.
      1409 El Mirador Dr, Pasadena, CA 91103
      View Details

    Similar Nearby for Sale

    • $8,000,000
      0.91 Acres

      Pasadena Micro-Unit Development Land

      Prime Pasadena land, 84 micro-unit potential.
      0 Walnut St, Pasadena, CA 91103
      View Details
    • $3,265,000
      5,001 SF

      Pasadena Multifamily Investment

      7-Unit Turnkey Apartment Building, Old Town Pasadena
      425 Raymond Ave, Pasadena, CA 91103
      View Details
    • $2,250,000

      Pasadena Residential Income Property

      Residential income property in Pasadena, leased back by owner.
      769 N Orange Grove Blvd, Pasadena, CA 91103
      View Details
    • $11,800,000
      21,982 SF

      Old Town Pasadena Apartment Complex

      19-unit building, high occupancy, strong NOI
      155 Raymond Ave, Pasadena, CA 91103
      View Details
    • $1,600,000
      3,700 SF

      Pasadena Investment Opportunity: Four Units

      Four-unit property in Pasadena, fully occupied, near Old Town.
      541 N Summit Ave, Pasadena, CA 91103
      View Details
    • $2,200,000
      0.45 Acres

      Pasadena Land with Approved Plans

      Half-acre lot with architectural plans for a Sea Ranch property.
      1409 El Mirador Dr, Pasadena, CA 91103
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Renovated Two-Story Home with Yard

      Recently renovated 2 bedroom, 1 bath home with outdoor space.
      1716 Glen Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing
      2,854 SF

      Medical Office Space Available

      Medical office space for rent in Pasadena, CA.
      630 S Raymond Ave, Pasadena, CA 91103
      View Details
    • $1.95 SF/Yr
      2,860 SF

      Pasadena Office Space For Rent

      Second floor office space available in Pasadena, California.
      72-90 N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • $1.00 SF/Yr
      7,761 SF

      Pasadena Warehouse Space Available

      7,761 SF warehouse space for rent in Pasadena, CA.
      789 N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • Contact for pricing
      16,026 SF

      Prime Pasadena Retail Space

      8,013 SF Available in Historic District
      42 De Lacey Ave, Pasadena, CA 91103
      View Details
    • $3 SF/Yr
      3,188 SF

      Restaurant Space Available For Lease

      Second generation restaurant space available for lease.
      33-37 E Union St, Pasadena, CA 91103
      View Details
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    Pasadena, CA 91103
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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
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