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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Warehouses
2812 Walnut St Pasadena, CA 91107-6638
Individually Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7842595
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
17,049 SF
Lot
0.32 ac (13,729 SF)
Zoning code
PSR*
APN
5748-006-029
UPID
US09-7842595
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
-
The Dean of Dogs Dog Walker
-
Rhythmic Academy of Pasadena Gym & Fitness Center
-
Prime Pilates Gym & Fitness Center
-
The Grand Academy of Ballet -- Pasadena Theater & Performing Art Venue Vocational School
-
E1011 Labs Industrial Manufacturer 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
$2.14M
Owner & transaction history
Mahlmann,richard · 27 yrs held
Mahlmann,richard
since 1998
7 recorded transactions
Zoning & alternative use
PSR* · 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
$126 / 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
$25,127
Tax year 2024
Assessed value
$1,906,938
Assessed 2024
Previous assessed
$1,906,938
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$413,636
Assessed improvement
$1,493,302
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
17,049 SF
Lot
0.32 ac (13,729 SF)
Zoning code
PSR*
APN
5748-006-029
UPID
US09-7842595
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSR* · Pasadena, CA
Zoning PSR* · permitted uses
PSR* · 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
2003
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mahlmann,richard
Individual
Mailing address
3456 YORKSHIRE RD, PASADENA, CA 91107-5430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2016
—
Yorkshire Development Corporation
—
Deed
related
$1,567,000 · American Business Bank
Aug 14, 2002
—
Yorkshire Development Corp
—
Trustees Deed
related
$1,450,000 · Preferred Bank
Nov 6, 1998
$270,000
Mahlmann,richard
Derderian Bros
Trustees Deed
$180,000 · Seller
Nov 6, 1998
—
Richard Mahlmann
Mahlmann,s
Quit Claim Deed
related
—
—
—
John Derderian
—
Deed Of Trust
related
$123,000 · Far East National Bank
—
—
Yorkshire Dev Corp
—
Deed Of Trust
related
$1,660,000 · Pacific Western Bank
—
—
Mahlmann Media INC
—
Deed Of Trust
related
$400,000 · Pete Wisner
—
—
Yorkshire Development Corp
—
Deed Of Trust
related
$1,700,000 · East West Bank
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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