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    2440 W Arrow Route Upland, CA 91786

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    Retail spaces for lease near Claremont Colleges, available Q3 2025.

    Type:Retail
    Property size:
    12,872 SF
    Added:
    Nov 22, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 2440 W Arrow Route

    General Information

    Standard status
    Active
    Size
    12,872 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2440 W Arrow Route Contact us

    We can help!

    Listing Contact
    Dawn Lowder

    Listing agent Dawn Lowder License #CalDRE #00380377

    Listing office

    Listing date Nov 22, 2025

    Source Naiglobal

    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 Dawn Lowder

    Overview

    Retail Spaces Available Near Claremont

    This property features an end-cap space of approximately 2,445 square feet and an inline space of approximately 1,345 square feet, both becoming available in the 3rd quarter of 2025. Additionally, there is a restaurant space for lease with a patio, measuring approximately 2,125 square feet. The property is part of the College Park Retail Centre, situated within a master-planned community of approximately 80 acres. This community includes 488 luxury apartments and a retail shopping center comprising approximately 45,000 square feet. The combined apartments and single-family housing development provides almost 800 residents to the College Park Retail Centre. Two drive-thru pads are available immediately adjacent to a 7-Eleven and Baker's Drive Thru. The location is a short block from the Claremont Colleges. College Park Retail Centre is located immediately adjacent to the City of Claremont and the Claremont Colleges at the southwest corner of Monte Vista and Arrow Route. The Claremont Colleges have an enrollment of approximately 7,500 students and 3,300 faculty and staff. The property is located on Monte Vista Avenue, a connection between the I-10 and 210 Freeways. The College Park community is located just blocks from both the Claremont and Montclair Metrolink Stations. The property serves the Upland, Montclair, and Claremont areas, with over 1,000 residential units in close proximity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering Breanna Lane Real Estate Agency Keller Williams College ... Real Estate Agency Richard Kato, CCIM Real Estate Agency Rebecca Pherigo with ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

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    Location Insight

    • Map
    • Local Demand
    City
    Upland
    County
    San Bernardino
    State
    California
    Longitude
    -117.7
    Latitude
    34.0985

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease near Claremont Colleges, available Q3 2025.
    Where is this shopping center located?
    The property is located at 2440 W Arrow Route Upland, CA.
    What are key features of this property?
    This property features: Located on busy Monte Vista Ave, a major arterial connection between I‑10 and I‑210 freeways.; Part of College Park Retail Centre, a master‑planned community with 488 luxury apartments and approximately 45,000 SF of retail space.; Proximity to Claremont Colleges, with a combined enrollment of approximately 7,500 students and 3,300 faculty and staff.
    (909) 243-7616
    We can help!
    Listing Contact
    Dawn Lowder
    Real Estate License ID: CalDRE #00380377
    Learn More
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    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
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    2440 W. Arrow Route, Upland, CA 91786

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