Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Route 66 Development Opportunity Title is generated by Realmo AI

    709 E Route 66, Glendora, CA 91740

    View on Map
    Claim this Listing
    For Sale
    $1,795,000

    Commercial Sale - Glendora, CA

    Property size:
    1,925 SF
    Price / SF:
    $932/SF
    Added:
    Oct 22, 2025
    Days on Market:
    207
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 709 E Route 66

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GDC_RT66SP
    Standard status
    Active
    APN
    8646029007
    Size
    1,925 SF

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Spies

    Listing agent Steven Spies License #00826133

    Listing office Compass 755 E. Route 66, Pasadena, CA

    Listing date Oct 22, 2025

    MLS# AR25245333 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime development opportunity on historic Route 66 in Glendora.
    • Two contiguous commercial/industrial parcels totaling approximately 45,980 SF.
    • Located next door to a Brandywine Homes development of 39 residential units, establishing a precedent for redevelopment.
    • Zoned GDC_RT66SP (commercial/industrial), with potential for R3 (residential/multi‑family) rezoning.
    • Glendora is an up‑and‑coming hub with a new Metro A Line station opening September 19, 2025, enhancing commuter access.
    • City committed to nearly $350 million in infrastructure improvements over the next 30 years.

    Overview

    Located on historic Route 66 in Glendora, two contiguous commercial/industrial parcels are being offered together, totaling approximately 45,980 square feet. The properties, with addresses 709 and 715 E. Route 66, consist of two parcels: one 25,084 square feet (90’ x 279’) and the other 20,896 square feet (75’ x 279’). The properties are being sold as-is for land value only and are currently occupied. The parcels are zoned GDC_RT66SP (commercial/industrial), and a zone change to R3 (residential/multi-family) is required for most redevelopment uses. The seller will cooperate with the zone change process but makes no guarantees. A new Metro A Line station is scheduled to open September 19, 2025, enhancing commuter access to Los Angeles and the San Gabriel Valley. The city has committed nearly $350 million over the next 30 years for infrastructure improvements. The Housing Element (2021–2029) prioritizes multi-family and mixed-use growth along key corridors such as Route 66. The community is known for top-rated schools, abundant parks and trails, and the walkable “Glendora Village” downtown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chiropractic and Soft Tissue ... Alternative Medicine Practice TheGarden@709 Alternative Medicine Practice Mobile window tinting Interior Design

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glendora
    County
    Los Angeles
    State
    California
    Longitude
    -117.854755
    Latitude
    34.129296

    Nearby Similar for Sale

    • $160,000

      Restaurant Opportunity in Glendora

      Restaurant in busy shopping center with strong foot traffic.
      1331 S Lone Hill, Glendora, CA 91740
      View Details
    • $1,100,000
      1,815 SF

      Glendora Craftsman Duplex Investment Opportunity

      Charming, remodeled Craftsman duplex near Glendora Village, parks, and schools.
      124 N Vista Bonita Avenue, Glendora, CA 91741
      View Details
    • $129,000

      Indoor Playground Business Opportunity

      Profitable indoor playground with commercial kitchen in Glendora, CA.
      529 S Glendora, Glendora, CA 91740
      View Details
    • $1,100,000
      2,266 SF

      Glendora Congregate Living Facility Opportunity

      6-bedroom, 3-bathroom property near Glendora Presbyterian Hospital.
      549 E Ada, Glendora, CA 91741
      View Details
    • $890,000

      Glendora View Lot Ready to Build

      2.09-acre lot with approved plans for a 4,381 sq ft residence.
      657 Gordon Highlands Road, Glendora, CA 91741
      View Details
    • $1,450,000
      3,600 SF

      Freestanding Commercial Building For Sale

      3,600 sq. ft. commercial building on 9,724 sq. ft. lot.
      402 Fleetwood Pl, Glendora, CA 91740
      View Details
    • $1,189,000
      2,317 SF

      Two Homes on One Lot

      Two well-maintained homes on one lot in Glendora, CA.
      720 E Foothill, Glendora, CA 91741
      View Details
    • $280,000

      Glendora Foothill Building Opportunity

      Vacant lot for custom home in Glendora foothills.
      0 N Ben Lomond Avenue, Glendora, CA 91741
      View Details
    • $3,500,000

      7-Acre View Lot in Glendora

      7-acre Glendora lot with city views and building pad.
      1000 N Grand, Glendora, CA 91741
      View Details
    • $598,000

      Glendora Land with Panoramic Views

      A 1.05-acre lot with panoramic views in Glendora, CA.
      946 N Glendora Ave, Glendora, CA 91741
      View Details
    • $1,500,000

      Residential Land in North Glendora

      1.25 acre residential zoned property in North Glendora.
      0 E Glendora Mountain Road, Glendora, CA 91741
      View Details
    • $1,750,000

      Expansive Glendora Foothills Estate

      10.41-acre estate with development potential and panoramic views.
      1154 N Glendora, Glendora, CA 91741
      View Details

    FAQs

    What type of property is this?
    Land - Two contiguous commercial/industrial parcels on historic Route 66.
    Where is this land located?
    The property is located at 709 E Route 66 Glendora, CA.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: Prime development opportunity on historic Route 66 in Glendora.; Two contiguous commercial/industrial parcels totaling approximately 45,980 SF.; Located next door to a Brandywine Homes development of 39 residential units, establishing a precedent for redevelopment.
    (626) 827-4648
    We can help!
    Listing Contact
    Steven Spies
    Real Estate License ID: 00826133
    Learn More
    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.
    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
    709 E Route 66, Glendora, CA 91740
    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!