Two-Building Flex Space
For Sale
Contact for pricing
1030-1036 W 2nd St, Pomona, CA 91766
Two parcels combine commercial buildings with offices, restrooms, a lobby, and secured outdoor area.
Property Size4,046 SF
Price / SF$358.10
Days on Market1017
Property Features for 1030-1036 W 2nd St
General Information
Standard status
Active
Size
4,046 SF
Property subtype
INDUSTRIAL
Listing Agency:
CIBA Real Estate
(626) 303-1818
Listed By:
Filippo Fanara
(626) 255-1124
Source:
Moodyscre
Added: Nov 20, 2023
Changed: Aug 31
Last Checked: Sep 2 at 12:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CIBA Real Estate
Investment Insights
Based on property information with market context.
This flex space offering includes two separate parcels at 1030–1036 W 2nd St in Pomona. The larger building contains approximately 3,822 SF on an approximately 8,169 SF lot, while the second building provides approximately 224 SF on an approximately 6,017 SF lot. Together, the buildings total 4,046 square feet of property size.
Interior features include private offices, a lobby, two restrooms, skylights, and two separate front entrances. The larger building also has a GL door and 12' clear height. Exterior features include a fenced area and rear alley access, providing a practical combination of enclosed commercial space and controlled outdoor area.
Interior features include private offices, a lobby, two restrooms, skylights, and two separate front entrances. The larger building also has a GL door and 12' clear height. Exterior features include a fenced area and rear alley access, providing a practical combination of enclosed commercial space and controlled outdoor area.
Key Highlights
- Two separate parcels with buildings of ±3,822 SF and ±224 SF
- Larger building sits on an ±8,169 SF lot; second building sits on an ±6,017 SF lot
- GL door and 12' clear height in the larger building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,891
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,097,820
$1.1M
Cap Rate 7%
$784,157
$784.2K
Cap Rate 9%
$609,900
$609.9K
Market Conditions
NOI Build-Up for 4,046 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.0K $21.00/SF
− Vacancy
−$6.6K −$1.62/SF
EGI
$78.4K $19.38/SF
− OpEx
−$23.5K −$5.81/SF
NOI
$54.9K $13.57/SF
Area
Pomona, CA
Vacancy
7.71%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,097,820
Cap Rate 7%
$784,157
Cap Rate 9%
$609,900
Alternative Uses
Best Use
Industrial
$784.2K
$686.1K – $914.9K
NOI $54,891 @ 7.0% cap · market cap 3.79%
Second Best
Flex RnD
$728.1K
$637.1K – $849.5K
NOI $50,970 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,812 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91766, CA
70,701
Population
20,217
Households
3.5
Avg Household Size
34
Median Age
20%
College-Educated
71%
High-School Grad
10.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$77,699
Median Household Income
$34,705
Median Earnings
$1,776
Median Rent
$568,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Best Beverage Catering — 161 W 4th St, Pomona, CA 91766
- Metro Event Center — 205 E 2nd St, Pomona, CA 91766
- Sapo's — 267 E Monterey Ave, Pomona, CA 91766
Frequently Asked Questions
What type of property is this?
Flex space - Two parcels combine commercial buildings with offices, restrooms, a lobby, and secured outdoor area.
Where is this flex space located?
The property is located at 1030-1036 W 2nd St Pomona, CA.
What is the asking price?
The asking price for this property is $1,448,888.
What are key features of this property?
This property features: Two separate parcels with buildings of ±3,822 SF and ±224 SF; Larger building sits on an ±8,169 SF lot; second building sits on an ±6,017 SF lot; GL door and 12' clear height in the larger building
