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Property profile & analytics
OFF-MARKET
Estimated value
$3,900,000
Office buildings
57 Palmetto Dr Pasadena, CA 91105-2509
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6919348
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
TILT-UP CONCRETE
Total area
6,145 SF
Lot
0.16 ac (7,113 SF)
Zoning code
PSC-
APN
5713-035-028
UPID
US09-6919348
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
-
Sabre Escrime of Pasadena Sports School
-
Cleary Irish Dance Training Center
-
Adult Dance Classes and Fitness with Haley~Nicole Gym & Fitness Center
-
Backyard Technologies IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.95M
Blend (final)
Blend
$3.90M
Owner & transaction history
57 Palmetto Drive LLC · 2 yrs held
57 Palmetto Drive LLC
since 2024
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+24.6%
Neighborhood: shopping center
$3.7M
+8.4%
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
$3,900,000
ML approach
$3,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,450,000
Current use
RESTAURANT
$4,300,000
Change: +25% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,740,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,075,000
Change: -11% · Conversion: Difficult
RETAIL STORES
$3,055,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$2,795,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$3.90M
Range $3.51M – $4.29M · ±10% · vs last sale $3.90M (Apr 12 2024)
Last sale anchor
$3.90M
Apr 12 2024
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
$635 / 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
$32,113
Tax year 2024
Assessed value
$2,754,000
Assessed 2024
Previous assessed
$2,754,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,428,000
Assessed improvement
$1,326,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
6,145 SF
Lot
0.16 ac (7,113 SF)
Zoning code
PSC-
APN
5713-035-028
UPID
US09-6919348
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
OFFICE BUILDING Current
Est. value
$3.5M
RESTAURANT
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
57 Palmetto Drive LLC
Entity
Mailing address
251 S LK AVE STE #730, PASADENA, CA 91101-3064
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
$3,900,000
57 Palmetto Drive LLC
Wtw Properties LLC
Grant Deed
—
Mar 21, 2023
$2,700,000
Wtw Properties LLC
Palmetto Pasadena LLC
Grant Deed
—
May 20, 2022
—
Palmetto Pasadena LLC
—
Deed
related
$3,713,000 · Pacific Premier Bank
Jul 28, 2005
$1,550,000
Jlt-llc
Rodriguez,steven
Grant Deed
—
Oct 31, 2000
$200,000
Steven Rodriguez
Capriccio Trust
Grant Deed
—
Mar 31, 2000
—
Williams,jean Trustee
Williams,c R
Quit Claim Deed
related
—
Mar 31, 2000
$142,500
Capriccio,deborah & Fred Tr
—
Grant Deed
related
—
Jul 26, 1996
—
Williams,jean Trustee
Cotton,j R
Quit Claim Deed
related
—
May 10, 1996
—
Jeannette R Cotton
Williams,j
Quit Claim Deed
related
—
Feb 29, 1996
—
Jean Williams
Cotton,j
Quit Claim Deed
related
—
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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