Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    88 West Colorado Blvd Pasadena, CA 91105
    Back to Search
    Property profile & analytics

    88 West Colorado Blvd, Pasadena, CA 91105

    View on Map
    • Turn key restaurants
    • 29,989 SF
    • 0.28 lot acres
    For Lease
    $3 SF/Yr
    View Listing →
    Pasadena Office Space Available For Lease
    $3 SF/Yr
    8,488 SF

    Pasadena Office Space Available

    Office space for lease in Pasadena, California.

    88 West Colorado Boulevard, Pasadena, CA 91105
    View Listing
    Property ID
    US09-6227457
    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.
    Value Estimations
    $1,385,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kabuki Japanese Restaurant / Restaurant
    • DPR Construction / Construction Company
    • Art Lunch / Restaurant
    • Popping Yolk Cafe / Restaurant / Cafe & Coffee Shop
    • Kabuki Coffe Shop / Cafe & Coffee Shop

    Property Details for 88 West Colorado Blvd

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    0.28 lot acres
    Zone code
    PSC-
    Property type
    Turn key restaurants
    APN
    5713-008-011
    APU
    5713008011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2017 — 88 Colorado LLC S & R Partners LLC Quit Claim Deed $9.7M · Bank Of America
    Jun 30, 2005 — S Partners — Deed Of Trust · related $10.6M · Bank Of America
    Dec 28, 1992 — S Partners — Deed Of Trust · related —
    — — S & R Partners LLC — Deed Of Trust · related $3.4M · Bank Of America
    — — S Partners — Deed Of Trust · related $3.4M · Bank Of America
    — — S & R Partners LLC — Deed Of Trust · related $4.7M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $975,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,796,000
      Market price range: $1.80M - $5.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.153
    Latitude
    34.1455
    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
    $119,513
    $283,116
    $8,015,753
    $8,298,869
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,494 SF

      577 Arroyo Pkwy

      RESTAURANT
      577 Arroyo Pkwy, Pasadena, CA 91105-2519
      View Details
    • Value Estimation by Request
      5,600 SF

      1000 Fair Oaks Ave

      RESTAURANT
      1000 Fair Oaks Ave, Pasadena, CA 91105-2622
      View Details
    • Value Estimation
      $850,000
      1,890 SF

      1250 Fair Oaks Ave

      RESTAURANT
      1250 Fair Oaks Ave, Pasadena, CA 91105-3417
      View Details
    • Value Estimation
      $775,000
      14,999 SF

      95 Colorado Blvd

      RESTAURANT
      95 Colorado Blvd, Pasadena, CA 91105
      View Details
    • Value Estimation by Request
      6,790 SF

      145 Palmetto Dr

      RESTAURANT
      145 Palmetto Dr, Pasadena, CA 91105-2511
      View Details
    • Value Estimation by Request
      7,500 SF

      80 Grn St

      RESTAURANT
      80 Grn St, Pasadena, CA 91105-2008
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,827 SF

      Retail Building on Parade Route

      Single-story retail building with high foot traffic in Pasadena, CA.
      30 E Colorado Blvd, Pasadena, CA 91105
      View Details
    • $11,000,000

      Prime Old Pasadena Corner Property

      Mixed-use retail and office building in the heart of Old Pasadena.
      50 S De Lacey Ave, Pasadena, CA 91105
      View Details
    • Contact for pricing
      13,880 SF

      Renovated 1925 Pasadena Office Building

      Redone office building with live-work unit and high occupancy.
      55 Waverly Dr, Pasadena, CA 91105
      View Details
    • $3,800,000
      4,480 SF

      Pasadena Freestanding Office Building

      Turn-key, high-image creative space in Pasadena, California.
      60 W Bellevue Dr, Pasadena, CA 91105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      108,179 SF

      Class A Office Building

      Class A office building with modern finishes and on-site amenities.
      177 East Colorado Blvd, Pasadena, CA 91105
      View Details
    • Contact for pricing

      Pasadena Medical/Office Space For Rent

      Medical/office space near Huntington Hospital, Pasadena. Easy freeway access.
      675 S Arroyo Pkwy, Pasadena, CA 91105
      View Details
    • Contact for pricing

      Pasadena Medical Office Building For Lease

      Freestanding medical office building in Pasadena's South Fair Oaks Medical Corridor.
      393-401 South Fair Oaks Ave, Pasadena, CA 91105
      View Details
    • $1,200 /Mo

      Old Town Pasadena Office Space

      Upscale office space near Keck USC hospital development in Pasadena.
      488 S Fair Oaks Ave, Pasadena, CA 91105
      View Details
    • Contact for pricing
      12,379 SF

      Historic Old Town Pasadena Building

      Six-story, 85,906 SF building in Old Town Pasadena.
      117 East Colorado Blvd, Pasadena, CA 91105
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    88 West Colorado Blvd
    Pasadena, CA 91105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    88 West Colorado Blvd, Pasadena, CA, 91105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!