Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    140 South Lake Ave Pasadena, CA 91106

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    140 South Lake Ave Pasadena, CA 91106

    View on Map
    • Retail space
    • 6,400 SF
    • 0.32 lot acres
    For Lease
    $3 SF/Yr
    View Listing →
    South Lake Avenue Office Space For Lease
    $3 SF/Yr
    15,665 SF

    South Lake Avenue Office Space

    Office space for rent in a landmark South Lake project.

    140 South Lake Avenue, Pasadena, CA 91106
    View Listing
    Property ID
    US09-6265738
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auriq Systems, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • Murphy Investment Advisors Inc / Financial Advisor
    • SoulCycle Pasadena / Cycling Facility / Gym & Fitness Center
    • Bobby's Place / Restaurant
    • Mercado Pasadena / Restaurant

    Property Details for 140 South Lake Ave

    Year built
    1970
    Construction
    TILT-UP CONCRETE
    Lot size
    0.32 lot acres
    Property size
    6,400 SF
    Zone code
    PSC-
    Property type
    Retail space
    APN
    5738-007-035
    APU
    5738007035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.132
    Latitude
    34.1484
    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
    $19,074
    $914,068
    $249,831
    $1,163,899
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,330,000
      4,759 SF

      111 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,759 SF
      111 Lk Ave, Pasadena, CA 91101-1835
      View Details
    • Value Estimation
      $3,265,000
      16,020 SF

      440 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 16,020 SF
      440 Lk Ave, Pasadena, CA 91101-3510
      View Details
    • Value Estimation
      $560,000
      1,800 SF

      716 Grn St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      716 Grn St, Pasadena, CA 91101-2112
      View Details
    • Value Estimation
      $2,500,000
      2,378 SF

      750 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 2,378 SF
      750 Walnut St, Pasadena, CA 91101-1638
      View Details
    • Value Estimation
      $3,380,000
      13,028 SF

      380 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,028 SF
      380 Lk Ave, Pasadena, CA 91101-3525
      View Details
    • Value Estimation by Request
      1,575 SF

      56 Lk Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,575 SF
      56 Lk Ave, Pasadena, CA 91101-1826
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Space in Pasadena

      Retail space in AC Hotel, Playhouse Village, Rose Parade Route.
      550 E Colorado Blvd, Pasadena, CA 91101
      View Details
    • $20,000,000
      25,040 SF

      Historic Pasadena Office Building

      Prime location, Craftsman-style, 25,040 SF
      95 Marengo Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      8,250 SF

      Prime Pasadena Retail Storefront Opportunity

      Highly visible retail asset in Pasadena's South Lake Avenue District.
      396-400 S Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Retail Building on Lake Avenue

      Standalone retail building with parking available on Lake Avenue.
      510 N Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      116,458 SF

      Pasadena Office Sublease Opportunity

      1980 SF Office, Parking, Great Location
      70 Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      18,894 SF

      Multi-Tenant Office Building Portfolio

      Four-building office portfolio in Pasadena totaling 18,894 square feet.
      28-44 E Union St, Pasadena, CA 91101
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Pasadena Building and Land Parcels

      Two-parcel property ideal for office, retail, or mixed-use tenants.
      232 N Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Pasadena, California.
      345 S Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing
      5,250 SF

      Retail Space on South Lake

      Retail space available for rent on South Lake Avenue.
      495 South Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Prime Pasadena Retail Space Available

      Prominent retail space on Lake Avenue with high ceilings.
      495-505 S Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Retail Space in South Lake

      Prime retail space in Pasadena's vibrant South Lake Avenue District.
      422 S Lake Ave, Pasadena, CA 91101
      View Details
    • Contact for pricing

      Lake Avenue Storefront with Parking

      Standalone building with parking and storefront on Lake Avenue.
      510 N Lake Ave, Pasadena, CA 91101
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      2.1k
    • Avg Time on site
      33 min
    View Listing
    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.
    140 South Lake Ave
    Pasadena, CA 91106
    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

    Thank You for Inquiry

    140 South Lake Ave, Pasadena, CA, 91106

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!