Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    89 San Gabriel Blvd Pasadena, CA 91107-3749

    • Manufacturing properties
    • 10,200 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Nov 02, 2021
    $11,700,117
    Value Estimations
    $9,890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6504300
    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

    • Manufacturing properties

    Property Details for 89 San Gabriel Blvd

    Year built
    1947
    Construction
    TILT-UP CONCRETE
    Lot size
    0.32 lot acres
    Property size
    10,200 SF
    Zone code
    PSM*
    Property type
    Manufacturing properties
    APN
    5748-005-001
    APU
    5748005001

    Description

    This 11,020-square-foot industrial property, located at 89 San Gabriel Boulevard in Pasadena, California (zip code 91107), is ideally suited for light manufacturing or research and development. Built in 1947, the single-story building features a 14'-16' ceiling height with exposed bow truss ceilings. The property boasts three ground-level loading docks—two manual and one automated—providing convenient access for loading and unloading. Power is supplied by a dedicated 3-phase 120/208V 400-amp system. The space includes 100% HVAC (fully insulated), compressed air, and fume hoods for effective ventilation. On-site surface parking is available. The property is situated in the Tri Cities submarket cluster of Greater Los Angeles and is currently entirely vacant. This flex space presents a unique opportunity for businesses seeking a well-equipped and conveniently located facility in Pasadena. The property is classified as a single-tenant industrial building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,360,000
      ML approach
      $9,300,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,135,000
      NEIGHBORHOOD: SHOPPING CENTER
      $6,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.095
    Latitude
    34.1477
    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
    $46,594
    $1,560,600
    $2,496,960
    $4,057,560
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,938 SF

      79 Daisy Ave

      MANUFACTURING (LIGHT) • 2,938 SF
      79 Daisy Ave, Pasadena, CA 91107-3705
      View Details
    • Value Estimation
      $1,530,000
      10,174 SF

      170 Greenwood Ave

      MANUFACTURING (LIGHT) • 10,174 SF
      170 Greenwood Ave, Pasadena, CA 91107
      View Details
    • Value Estimation
      $32,430,000
      165,776 SF

      2964 Bradley St

      MANUFACTURING (LIGHT) • 165,776 SF
      2964 Bradley St, Pasadena, CA 91107-1560
      View Details
    • Value Estimation
      $2,535,000
      15,040 SF

      253 Vinedo Ave

      MANUFACTURING (LIGHT) • 15,040 SF
      253 Vinedo Ave, Pasadena, CA 91107-3370
      View Details
    • Value Estimation
      $1,435,000
      11,548 SF

      157 Vis Ave

      MANUFACTURING (LIGHT) • 11,548 SF
      157 Vis Ave, Pasadena, CA 91107-3646
      View Details
    • Value Estimation
      $2,400,000
      12,728 SF

      2914 Walnut St

      MANUFACTURING (LIGHT) • 12,728 SF
      2914 Walnut St, Pasadena, CA 91107-3758
      View Details

    Similar Nearby for Sale

    • $990,000
      1,672 SF

      Turnkey Flex Building on Foothill

      Two-story flex building ideal for small business use.
      2629 E Foothill Blvd, Pasadena, CA 91107
      View Details
    • $2,600,000
      6,250 SF

      Mixed-Use Property on Colorado Boulevard

      Mixed-use property with retail and residential units on Colorado Boulevard.
      3607 E Colorado 3611, Pasadena, CA 91107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,567 SF

      Pasadena Warehouse Space Available

      Industrial warehouse space available for lease in Pasadena, California.
      3341 East Colorado Blvd, Pasadena, CA 91107
      View Details
    • Contact for pricing
      6,660 SF

      Pasadena Flex Space Sublease

      Flex space available for sublease in Pasadena, California.
      2585 Nina St, Pasadena, CA 91107
      View Details
    • Contact for pricing

      Leased Industrial Property in Pasadena

      100% leased industrial property located in Pasadena, California.
      253 N Vinedo Ave, Pasadena, CA 91107
      View Details
    • Contact for pricing
      1,227 SF

      Pasadena Flex Unit For Rent

      Flex unit featuring loading door, air conditioning, and kitchenette.
      145 N Sierra Madre Blvd, Pasadena, CA 91107
      View Details
    • $2 SF/Yr
      56,526 SF

      Creative Office/R&D Campus For Rent

      Two-building office/R&D campus in Pasadena's Technology Corridor.
      2947 Bradley St, Pasadena, CA 91107
      View Details
    • $7,000 /Mo
      Pending

      Pasadena Retail/Office Space Available

      Retail and office spaces for rent in Pasadena, CA.
      128 S Rosemead Blvd, Pasadena, CA 91107
      View Details
    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.
    89 San Gabriel Blvd
    Pasadena, CA 91107-3749
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!