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Property profile & analytics
FOR LEASE
Office buildings
177 East Colorado Blvd Pasadena, CA 91105
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8788190
For Lease
$29,085,000
177 East Colorado Blvd, Pasadena, CA 91105
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
CONCRETE
Total area
295,284 SF
Lot
2.59 ac (112,724 SF)
Zoning code
PSC-
APN
5723-025-023
UPID
US09-8788190
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Yes To Cosmetic Store
-
Superior Floor Coatings General Contractor Renovation Specialist
-
LocalEyes Video Production Advertising Agency Marketing & Advertising
-
EyeBuyDirect Big Box & Wholesale Store
-
CABINETRY SPECIALTIES PRODUCTS Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.09M
Owner & transaction history
177 Colorado Owner LLC · 8 yrs held
177 Colorado Owner LLC
since 2017
5 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,033,788
Tax year 2024
Assessed value
$180,156,327
Assessed 2024
Previous assessed
$180,156,327
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$30,676,773
Assessed improvement
$149,479,554
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1970
Construction
CONCRETE
Heating
NONE
Buildings
2
Total area
295,284 SF
Lot
2.59 ac (112,724 SF)
Zoning code
PSC-
APN
5723-025-023
UPID
US09-8788190
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC- · Pasadena, CA
Zoning PSC- · permitted uses
PSC- · Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pasadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Buildings
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
177 Colorado Owner LLC
Entity
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2018
—
177 Colorado Owner LLC
—
Deed
related
$115,000,000 · Bank Of China
Sep 8, 2017
$161,500,000
177 Colorado Owner LLC
Arroyo Colorado LLC
Grant Deed
—
Mar 3, 2014
$82,000,000
Arroyo Colorado LLC
Pacific Bell Telephone Co
Trustees Deed
$65,000,000 · Annaley Cre LLC
—
—
Arroyo Colorado LLC
—
Deed Of Trust
related
$90,000,000 · Anna Cre L LLC
—
—
177 Colorado Owner LLC
—
Deed Of Trust
related
$115,000,000 · Bank Of China
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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