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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Parking lots & garages
67 Palmetto Dr Pasadena, CA 91105-2509
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US09-7327562
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1979
Construction
TILT-UP CONCRETE
Total area
1,440 SF
Lot
0.16 ac (7,114 SF)
Zoning code
PSC-
APN
5713-035-026
UPID
US09-7327562
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
-
Modern Portable Toilet Rental Building Supply
-
Prime Pro Movers Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.39M
Owner & transaction history
Marsal LLC · 3 yrs held
Marsal LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
PSC- · Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$875,000
+13.3%
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
$1,105,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.60M (May 26 2023)
Last sale anchor
$1.60M
May 26 2023
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
$962 / 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
$18,475
Tax year 2024
Assessed value
$1,632,000
Assessed 2024
Previous assessed
$1,632,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,632,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Units
1
Bathrooms
1
Total area
1,440 SF
Lot
0.16 ac (7,114 SF)
Zoning code
PSC-
APN
5713-035-026
UPID
US09-7327562
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Units
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Marsal LLC
Entity
Mailing address
12117 BELLANDO CT, GRANADA HILLS, CA 91344-2103
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2025
—
Marsal LLC
—
Deed
related
$1,431,172 · Jpmorgan Chase Bank NA
May 1, 2025
—
Marsal LLC
—
Deed
related
$1,203,062 · Jpmorgan Chase Bank NA
Oct 9, 2024
—
Marsal LLC
—
Deed
related
$1,203,062 · Jpmorgan Chase Bank NA
May 26, 2023
$1,600,000
Marsal LLC
Palmetto Pasadena LLC
Grant Deed
$1,203,062 · Jpmorgan Chase Bank NA
May 20, 2022
$4,000,000
Palmetto Pasadena LLC
Jlt LLC
Grant Deed
$3,713,000 · Pacific Premier Bank
May 20, 2022
—
Palmetto Pasadena LLC
—
Deed
related
$3,713,000 · Pacific Premier Bank
Oct 1, 2014
$900,000
Jlt LLC
Mitchell Sara L Trust
Grant Deed
—
Jul 29, 2004
—
Mitchell,tr
Mitchell,sara L
Quit Claim Deed
related
—
Sep 4, 2002
—
Sara L Mitchell
Mitchell,s L
Quit Claim Deed
related
—
—
—
Louis Mitchell
—
Deed Of Trust
related
$3,000 · Frank
—
—
Louis C Mitchell
—
Deed Of Trust
related
$20,070 · Individual
—
—
Sara L Mitchell
—
Deed Of Trust
related
$356,250 · Financial Freedom Senior Fundi
—
—
Sara L Mitchell
—
Deed Of Trust
related
$356,250 · Hud
Sep 18, 1962
—
Louis C Mitchell
—
Grant 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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