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    Property profile & analytics

    599 Fair Oaks Ave Pasadena, CA 91103

    • Office buildings
    • 1,944 SF
    • 0.11 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    Apr 30, 2021
    $1,075,010
    Value Estimations
    $1,110,000
    Cap Rate Potential
    4%
    Office buildings
    Location Intelligence
    Property ID
    US09-7017848
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Collidescope Foundation / Non-Profit Organization
    • Yvonne Mao, M.D., Bespoke Medical Aesthetics (formerly Village Medical) / Medical Office
    • The Best Little Cat House / Pet Sitter / Kennel

    Property Details for 599 Fair Oaks Ave

    Year built
    1903
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    1,944 SF
    Zone code
    PSC*
    Property type
    Office buildings
    APN
    5726-015-045
    APU
    5726015045

    Description

    This exceptional 2,048 square foot office space is ideally situated at 599 N Fair Oaks Ave in Pasadena, California, zip code 91103. The property is a single-tenant building offering a blend of traditional and creative office space, making it suitable for a variety of businesses. Its location on a signalized corner of a highly desirable Fair Oaks Avenue provides excellent visibility and accessibility. The building benefits from its proximity to the Vallarta Supermarket Shopping Center, offering employees and clients convenient access to amenities. Commuting is simplified by its central location and quick access to the 210 Freeway. This turnkey space is ready for immediate occupancy, presenting a rare opportunity for businesses seeking a well-located and functional office environment in the thriving city of Pasadena. The property is classified as both Traditional and Creative Office space, offering flexibility in its use. The address is 599 N Fair Oaks Ave, Pasadena, CA 91103.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,105,000
      ML approach
      $1,075,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $685,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,591,000
      Market price range: $731k - $1.59M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.151
    Latitude
    34.1561
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,886
    $530,604
    $637,869
    $1,168,473
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $985,000
      23,252 SF

      37 Walnut St

      OFFICE BUILDING • 23,252 SF
      37 Walnut St, Pasadena, CA 91103-3832
      View Details
    • Value Estimation
      $4,050,000
      24,955 SF

      1100 Fair Oaks Ave

      OFFICE BUILDING • 24,955 SF
      1100 Fair Oaks Ave, Pasadena, CA 91103-2512
      View Details
    • Value Estimation
      $915,000
      21,116 SF

      428 Lincoln Ave

      OFFICE BUILDING • 21,116 SF
      428 Lincoln Ave, Pasadena, CA 91103
      View Details
    • Value Estimation
      $445,000
      10,735 SF

      980 Fair Oaks Ave

      OFFICE BUILDING • 10,735 SF
      980 Fair Oaks Ave, Pasadena, CA 91103-3009
      View Details
    • Value Estimation
      $310,000
      1,957 SF

      547 Fair Oaks Ave

      PROFESSIONAL BUILDING • 1,957 SF
      547 Fair Oaks Ave, Pasadena, CA 91103-3305
      View Details
    • Value Estimation
      $290,000
      3,750 SF

      2009 Lincoln Ave

      OFFICE BUILDING • 3,750 SF
      2009 Lincoln Ave, Pasadena, CA 91103
      View Details

    Similar Nearby for Sale

    • $7,358,000
      10,527 SF

      Pasadena Office Building Opportunity

      Two-story office building in Old Pasadena near new development.
      118 N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • $3,488,000
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      Pasadena Medical Office Building

      10,050 SF Medical Office, $3.49M
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      Pasadena Creative Office Building

      Historic Charm, Prime Location, Owner/User
      118-128 Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • $1,595,000
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      Retail/Office Building For Sale

      Retail/office building in Pasadena with prime street frontage and parking.
      1139 S Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • $1,250,000
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      Pasadena Multifamily Investment Opportunity

      Seven-unit complex, prime Pasadena location. Month-to-month tenants.
      95 Orange Grove Blvd, Pasadena, CA 91103
      View Details
    • $1,995,000

      Pasadena Permit-Ready Development Land

      Prime Pasadena location, mixed-use potential.
      826 Fair Oaks Ave, Pasadena, CA 91103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,854 SF

      Medical Office Space Available

      Medical office space for rent in Pasadena, CA.
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      View Details
    • $1.95 SF/Yr
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      Pasadena Office Space For Rent

      Second floor office space available in Pasadena, California.
      72-90 N Fair Oaks Ave, Pasadena, CA 91103
      View Details
    • $2 SF/Yr
      3,756 SF

      Pasadena Office Space For Rent

      Second floor office space available in Pasadena, California.
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    • $2 SF/Yr
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      Pasadena Office Space Sublease

      Second floor office space available for sublease in Pasadena.
      39-45 E Union St, Pasadena, CA 91103
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    • $33 SF/Yr
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      Historic Pasadena Creative Office Space

      9-Story Creative Office Building, Pasadena
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      View Details
    • $2 SF/Yr
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      Office Space For Rent

      Private office/conference room available for rent in Pasadena, CA.
      119 E Union St, Pasadena, CA 91103
      View Details
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    Pasadena, CA 91103
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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