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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Retail space
497 Colorado Blvd Pasadena, CA 91101-2024
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8212783
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
TILT-UP CONCRETE
Total area
5,000 SF
Lot
0.13 ac (5,793 SF)
Zoning code
PSC-
APN
5723-028-021
UPID
US09-8212783
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
493 495 East Colorado Ave LLC · 2 yrs held
493 495 East Colorado Ave LLC
since 2023
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+0.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,485,000
Current use
AUTO REPAIR, GARAGE
$2,505,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$2,275,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,110,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10%
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
$352 / 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
$53,339
Tax year 2024
Assessed value
$4,500,000
Assessed 2024
Previous assessed
$4,500,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$900,000
Assessed improvement
$3,600,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
5,000 SF
Lot
0.13 ac (5,793 SF)
Zoning code
PSC-
APN
5723-028-021
UPID
US09-8212783
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1949
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
493 495 East Colorado Ave LLC
Entity
Mailing address
3452 E COUNTRY CLB DR #497, GLENDALE, CA 91208-1154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
493 495 East Colorado Ave LLC
—
Deed
related
$8,700,000 · Calprivate Bank
Sep 5, 2023
—
493 495 East Colorado Ave LLC
Arash Akmal
Grant Deed
$3,889,500 · Calprivate Bank
Aug 24, 2022
—
Arash Akmal
—
Deed
related
$450,000 · Qualfax INC
Feb 6, 2020
$2,900,000
Arash Akmal
Oltman Family Trust
Grant Deed
$2,320,000 · Downstream Exchange
Dec 10, 1999
—
Oltman Robert L
Oltman,r L & J A
Quit Claim Deed
related
—
Dec 18, 1998
$750,000
Robert L Oltman
Kirimis,john & Peggy
Grant Deed
$390,000 · Kirimis Trust
Mar 17, 1997
—
Kirimis,john & Peggy Trustees
Kirimis,j & P
Quit Claim Deed
related
—
Aug 9, 1990
—
Sandr Langhammer
Lee Sandra L
Quit Claim Deed
related
$150,000 · Downey S & L (wholesale)
May 1, 1989
$215,000
John Kirimis
Emp
Grant Deed
related
—
Sep 7, 1988
—
Lee Sandra L
Lee
Quit Claim Deed
related
—
Mar 17, 1988
$550,000
Emp Realty
Gold
Grant Deed
$495,000 · Austin Fmly Tr&
—
—
John Kirimis
—
Deed Of Trust
related
$247,500 · Goldman Trust
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.
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