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Property profile & analytics
FOR LEASE
Super regional malls
300 East Colorado Blvd Pasadena, CA 91129
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8788205
For Lease
1 / 6
Contact for pricing
300 East Colorado Blvd, Pasadena, CA 91129
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Construction
STEEL FRAME
Total area
225,995 SF
Lot
10.82 ac (471,532 SF)
Zoning code
PSC2*
APN
5722-025-047
UPID
US09-8788205
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
-
Brighton (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
H&M Clothing Store Children'S Clothing Store
-
Tommy Bahama Clothing Store Men'S Clothing Store
-
Starbucks Cafe & Coffee Shop
-
DARBINI JEWELRY (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$94.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$106.42M
Owner & transaction history
Onni Paseo LLC · 3 yrs held
Onni Paseo LLC
since 2022
Last sale
$118.5M
5 recorded transactions
Zoning & alternative use
PSC2* · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$158.1M
+15.0%
Office building
$139.0M
+1.1%
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
Method
Estimation
Statistic approach
$94,570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$102,010,000
6.5%
$94,160,000
7%
$87,435,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$137,540,000
Current use
RESTAURANT
$158,110,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$139,000,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$113,120,000
Change: -18% · Conversion: Difficult
RETAIL STORES
$112,410,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$106.42M
Range $95.78M – $117.06M · ±10% · vs last sale $118.47M (Oct 27 2022)
Last sale anchor
$118.47M
Oct 27 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$471 / 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
$914,189
Tax year 2024
Assessed value
$77,844,150
Assessed 2024
Previous assessed
$77,844,150
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$18,502,301
Assessed improvement
$59,341,849
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Total area
225,995 SF
Lot
10.82 ac (471,532 SF)
Zoning code
PSC2*
APN
5722-025-047
UPID
US09-8788205
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PSC2* · Pasadena, CA
Zoning PSC2* · permitted uses
PSC2* · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$137.5M
RESTAURANT
Est. value
$158.1M
OFFICE BUILDING
Est. value
$139.0M
AUTO REPAIR, GARAGE
Est. value
$113.1M
RETAIL STORES
Est. value
$112.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Lot
10.82 ac
Current owner
From public records · entity-resolved
Onni Paseo LLC
Entity
Mailing address
1031 S BROADWAY #400, LOS ANGELES, CA 90015-4006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Oct 27, 2022
$118,471,577
Onni Paseo LLC
Capref Paseo LLC
Grant Deed
$77,250,000 · Gp Commercial Investment Corp
Jun 7, 2019
—
William M Podley
Podley,william M
Quitclaim Deed
related
—
Dec 19, 2018
—
Capref Paseo LLC
—
Loan Modification
related
$144,250,000 · Th Com'l Ms II LLC
Jul 6, 2018
—
Capref Paseo LLC
—
Deed
related
$144,250,000 · The Commercial Investment Corp
Mar 27, 2008
—
Paseo Colorado Holdings LLC
—
Grant Deed
related
$79,100,000 · Miscellaneous Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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