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

    962 Claremont, CA 91711

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Historic Route 66, high-traffic location. Renovated building, ample parking.

    Property size:
    3,639 SF

    Property Features for 962

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,639 SF
    Lot Size
    49,658 SF

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Herman Janssen
    Herman Janssen

    Listing Agency: COLDWELL BANKER TOWN & COUNTRY Listing Agent: Herman Janssen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional mixed-use property, located at 962 Claremont, CA, presents a remarkable investment opportunity. Situated on a prominent section of historic Route 66, this 3,639 square foot building sits on a 1.14-acre lot and offers significant potential for a variety of businesses. Previously occupied by a sushi restaurant, the property has undergone substantial renovations within the last three years, including a new air conditioning system, a new roof, and fresh paint. To further enhance the property's appeal, the parking lot will be resurfaced for a new tenant. The generous parking area accommodates 30 or more vehicles, a significant advantage in a high-traffic area. The seller is also open to assisting a new tenant with additional improvements, demonstrating a commitment to the property's success. This versatile space is ideally suited for a restaurant, but subject to city approval, could accommodate other business types. The property's prime location and recent upgrades make it an attractive proposition for discerning investors seeking a high-return investment in a vibrant Claremont location. The asking price is $7,278,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Claremont
    County
    Los Angeles
    State
    California
    Longitude
    -117.7029
    Latitude
    34.10256

    Nearby Similar for Sale

    • $295,000

      Turn-Key Restaurant Opportunity in Claremont

      Established Mediterranean restaurant for sale in prime Claremont location.
      806 S Indian Hill Blvd, Claremont, CA 91711
      View Details
    • $1,250,000
      3,222 SF

      Claremont Multi-Purpose Property For Sale

      Single-level residence with potential for updates in desirable Claremont neighborhood.
      436 Oakdale Dr, Claremont, CA 91711
      View Details
    • Contact for pricing

      Bank of America NNN Opportunity

      Single tenant Bank of America on 0.74 acres in Claremont.
      339 North Yale Ave, Claremont, CA 91711
      View Details
    • Contact for pricing
      29,934 SF

      Claremont Village Office Space

      Office space in amenity-rich Claremont Village Square.
      1-201 N Indian Hill Blvd, Claremont, CA 91711
      View Details
    • Contact for pricing
      153,231 SF

      Claremont Professional Office Park Location

      Move-in ready office space with prime frontage and abundant parking.
      601 W Foothill Blvd, Claremont, CA 91711
      View Details
    • Contact for pricing
      17,775 SF

      Claremont Office Space For Sale

      Professional office space with frontage on Indian Hill Road.
      678 S Indian Hl Rd, Claremont, CA 91711
      View Details
    • $849,990
      2,217 SF

      New Claremont Home with Office

      Claremont home with office suite, solar panels, and designer upgrades.
      1080 Foothill Blvd, Claremont, CA 91711
      View Details
    • $3,900,000
      9,317 SF

      Claremont Office Building - Prime Location

      Fully Leased, 9,317 SF Office Building
      431 Baseline Rd, Claremont, CA 91711
      View Details
    • Contact for pricing
      3,000 SF

      Claremont Office Building - Great Location

      Spacious Office, Ideal for Professionals
      450 Ave, Claremont, CA 91711
      View Details
    • Contact for pricing
      3,203 SF

      Claremont Retail Building - Foothill Blvd

      High-visibility retail space, ample parking.
      994 Blvd, Claremont, CA 91711
      View Details
    • $2,495,000
      3,877 SF

      Claremont Village Mixed-Use Gem

      Prime location, high foot traffic, development potential.
      325 Indian Hill Blvd, Claremont, CA 91711
      View Details
    • $812,990
      2,231 SF

      New Claremont Townhome with Office

      New 3-bedroom townhome in Claremont with home office suite.
      1090 Foothill Blvd, Claremont, CA 91711
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic Route 66, high-traffic location. Renovated building, ample parking.
    Where is this mixed-use property located?
    The property is located at 962 Claremont, CA.
    What is the asking price?
    The asking price for this property is $7,278.
    (626) 487-2625
    Request Owner's contact information
    962 Claremont, CA 91711
    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.
    962
    Claremont, CA 91711
    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
    962 Claremont, CA 91711
    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

    We can help!
    Listing Contact
    Herman Janssen
    Herman Janssen
    Real Estate License ID: 01190483
    (626) 487-2625 (909) 621-6761
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!