Remodeled Freestanding Office
New
For Sale
$1,150,000
1192 N Garey, Pomona, CA 91767
Remodeled professional workspace with private offices, reception areas, breakroom facilities, and gated on-site parking.
Property Size2,288 SF
Lot Size0.16 Acres
Price / SF$502.62
Days on Market3
Property Features for 1192 N Garey
General Information
Standard status
Active
Size
2,288 SF
Total Parking Spaces
10
Lot size
0.16 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,288 SF
Year Built
1955
Buildings
1
Listing Agency:
CENTURY 21 CITRUS REALTY INC
Listed By:
Albert Rodriguez · License #01250095
(626) 255-4854
Source:
Camdenmckayre
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 8:51PM
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 CENTURY 21 CITRUS REALTY INC
Investment Insights
Based on property information with market context.
This freestanding office building was remodeled throughout and contains approximately 2,288 square feet of interior space on a 7,102-square-foot lot. The layout includes 14 private office rooms, a lobby, reception area, multiple workstations, a breakroom with cabinetry and sink, and additional storage. Ten gated private parking spaces serve the property.
The building occupies a signalized corner at 1192 N Garey in Pomona, two blocks south of the 10 Freeway. Pomona Valley Hospital is minutes away, with established medical and professional services, schools, downtown shops and restaurants, Starbucks, and Stater Bros. in the surrounding area.
The building occupies a signalized corner at 1192 N Garey in Pomona, two blocks south of the 10 Freeway. Pomona Valley Hospital is minutes away, with established medical and professional services, schools, downtown shops and restaurants, Starbucks, and Stater Bros. in the surrounding area.
Key Highlights
- Approximately 2,288 SF office building on a 7,102 SF lot
- 14 private office rooms plus lobby, reception, workstations, breakroom, and storage
- 10 gated private on‑site parking spaces
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
$36,921
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
3.21%
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%
$738,420
$738.4K
Cap Rate 7%
$527,443
$527.4K
Cap Rate 9%
$410,233
$410.2K
Market Conditions
NOI Build-Up for 2,288 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
$60.4K $26.40/SF
− Vacancy
−$11.2K −$4.88/SF
EGI
$49.2K $21.52/SF
− OpEx
−$12.3K −$5.38/SF
NOI
$36.9K $16.14/SF
Area
Pomona, CA
Vacancy
18.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$738,420
Cap Rate 7%
$527,443
Cap Rate 9%
$410,233
Alternative Uses
Best Use
Office B
$527.4K
$461.5K – $615.4K
NOI $36,921 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.6K
$641.9K – $855.9K
NOI $51,354 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 91767, CA
51,654
Population
15,653
Households
3.3
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
5.7 sq mi
ZIP Area
9,062
Density / Sq Mi
$80,201
Median Household Income
$37,340
Median Earnings
$1,749
Median Rent
$585,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled professional workspace with private offices, reception areas, breakroom facilities, and gated on-site parking.
Where is this office building located?
The property is located at 1192 N Garey Pomona, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 2,288 SF office building on a 7,102 SF lot; 14 private office rooms plus lobby, reception, workstations, breakroom, and storage; 10 gated private on‑site parking spaces
