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

    971 W 2nd Street Pomona, CA 91766

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Land/Lot - Pomona, CA

    Lot size:
    7,352.00 Acres
    Added:
    Dec 31, 2024
    Days on Market:
    485
    Last Refresh:
    Apr 30 at 12:06 am

    Property Features for 971 W 2nd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    POCIND*
    Exterior features
    Community Features Included: Gutters, Sidewalks
    Standard status
    Active
    APN
    8342002013
    Lot size
    7,352.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Lopez

    Listing agent Jason Lopez License #01938123

    Listing office Re/Max Top Producers 808 N. Diamond Bar Blvd., Diamond Bar, CA

    Listing date Dec 31, 2024

    MLS# IG24255759 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.

    Overview

    Pomona Land Lot For Sale

    This flat lot is situated in a prime location near major streets, offering convenience and accessibility. The property includes alley access, providing added flexibility for parking, storage, or future development. Encompassing 0.16877869605142332 acres, this lot is located in Pomona, Los Angeles County, California. The zoning is POCIND*. This property presents an opportunity to build a home or invest in a thriving area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.7604648
    Latitude
    34.0578378

    Nearby Similar for Sale

    • $950,000
      27,934 SF

      Pomona Auto Service Property

      Standalone commercial auto service property in Pomona, California.
      250 S Towne, Pomona, CA 91766
      View Details
    • $399,900

      Pomona Land Near Mission Blvd

      Two parcels in one lot with versatile development potential.
      1368 W 1st, Pomona, CA 91766
      View Details
    • $1,100,000
      434 SF

      Pomona Commercial Property on Mission

      High-visibility commercial property with automotive service capabilities in Pomona.
      915 E Mission Boulevard - 929, Pomona, CA 91766
      View Details
    • $1,599,999
      2,100 SF

      Pomona Auto Repair Facility

      Commercial property operating as an auto repair facility in Pomona.
      1630 E Mission, Pomona, CA 91766
      View Details
    • $998,000
      3,904 SF

      Remodeled Pomona Quadruplex For Sale

      Remodeled 2-bedroom units, ideal for owner-user with income potential.
      1064 Waters, Pomona, CA 91766
      View Details
    • $60,000

      Established Salon Business Opportunity

      Thriving salon in Pomona Rancho Plaza Shopping Center for sale.
      18 Rancho Camino Drive, Pomona, CA 91766
      View Details
    • $1,200,000
      2,288 SF

      Pomona Commercial Building for Sale

      Freestanding commercial building in Pomona with excellent exposure and accessibility.
      1192 N Garey, Pomona, CA 91767
      View Details
    • $998,000
      3,904 SF

      Pomona Quadruplex: Investment Opportunity

      Well-maintained 4-unit property in Pomona with income potential.
      1064 Waters, Pomona, CA 91766
      View Details
    • $890,000

      Pomona Vacant Lot Investment Opportunity

      Vacant lot in Pomona with existing billboard income.
      949 Garey Ave, Pomona, CA 91768
      View Details
    • $1,100,000
      5,000 SF

      Versatile Warehouse and Office Building

      Two-story warehouse and office building in Pomona, California.
      1056 W 1st, Pomona, CA 91766
      View Details
    • $2,988,800
      2,713 SF

      Remodeled Carwash with Growth Potential

      Turnkey carwash with major revenue upside and 1031 exchange opportunity.
      506 W Orange Grove Avenue, Pomona, CA 91768
      View Details
    • $2,950,000

      Pomona Land Development Opportunity

      1.408 acre land parcel in Pomona, California for sale.
      2445 N Towne Ave, Pomona, CA 91767
      View Details

    FAQs

    What type of property is this?
    Land - Flat lot in prime location with alley access.
    Where is this land located?
    The property is located at 971 W 2nd Street Pomona, CA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime location near major streets offering unmatched convenience and accessibility.; Flat lot, ideal for building.; Alley access providing added flexibility.
    (626) 926-2702
    We can help!
    Listing Contact
    Jason Lopez
    Real Estate License ID: 01938123
    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

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