Pomona Retail Center For
For Sale
$11,300,000
656-728 Fairplex Drive, Pomona, CA 91768
45,777 SF retail center with 18 units in Pomona, CA.
Property Size45,777 SF
Price / SF$246.85
Days on Market166
Property Features for 656-728 Fairplex Drive
General Information
Standard status
Active
Size
45,777 SF
Property subtype
Retail
Building Details
Year Built
1961
Listing Agency:
SVN Vanguard
(760) 518-8429
Listed By:
Mohit Uppal · License #CalDRE #02053595
(760) 518-8429
Source:
Svn
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 19 at 5:26AM
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 SVN Vanguard
Investment Insights
Based on property information with market context.
Located at 656-728 Fairplex Drive in Pomona, CA, this commercial property features a 45,777 square foot building with 18 units. Constructed in 1961 and renovated in 2018, the property is zoned POC4YY, allowing for versatile commercial use. The property is located directly off the 71 Freeway and West Holt Ave/Valley Blvd. It sits on two signalized corners, Fairplex Dr / W. Holt Ave. and Fairplex Dr. / W. Orange Grove Ave, with street frontage on three sides. The property is located minutes from both Cal Poly Pomona and the LA County Fairgrounds, with proximity to both residential and commercial areas. The property has ample parking for tenants and visitors. The property has a diverse mix of retail and neighborhood center offerings, with potential for repositioning or redevelopment opportunities. The property has attractive, well-maintained landscaping.
Key Highlights
- Prime location directly off the 71 Freeway and West Holt Ave/Valley Blvd, with high visibility on two signalized corners.
- 45,777 SF building with 18 units, offering a diverse retail mix.
- Zoned POC4YY, providing unmatched commercial flexibility and redevelopment potential.
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
$663,009
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
5.87%
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%
$13,260,180
$13.3M
Cap Rate 7%
$9,471,557
$9.5M
Cap Rate 9%
$7,366,767
$7.4M
Market Conditions
NOI Build-Up for 45,777 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
$988.8K $21.60/SF
− Vacancy
−$41.6K −$0.91/SF
EGI
$947.2K $20.69/SF
− OpEx
−$284.1K −$6.21/SF
NOI
$663.0K $14.48/SF
Area
Pomona, CA
Vacancy
4.21%
Lease Rate
$21.60 /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%
$13,260,180
Cap Rate 7%
$9,471,557
Cap Rate 9%
$7,366,767
Alternative Uses
Best Use
Retail
$9.47M
$8.29M – $11.05M
NOI $663,009 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.68M
$12.84M – $17.12M
NOI $1,027,456 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 32%
Dining 12%
Home Improvements & Furnishings 2%
Cardenas Market
Groceries
26,489 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
11,512 visits/mo
0.3 miles
AMPM
Shops & Services
10,381 visits/mo
0.3 miles
Burger King
Dining
9,740 visits/mo
0.1 miles
ARCO
Shops & Services
9,026 visits/mo
0.2 miles
Demographics for 91768, CA
35,568
Population
8,848
Households
4
Avg Household Size
31
Median Age
14%
College-Educated
70%
High-School Grad
8.2 sq mi
ZIP Area
4,338
Density / Sq Mi
$76,313
Median Household Income
$32,461
Median Earnings
$1,606
Median Rent
$536,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 45,777 SF retail center with 18 units in Pomona, CA.
Where is this shopping center located?
The property is located at 656-728 Fairplex Drive Pomona, CA.
What is the asking price?
The asking price for this property is $11,300,000.
What are key features of this property?
This property features: Prime location directly off the 71 Freeway and West Holt Ave/Valley Blvd, with high visibility on two signalized corners.; 45,777 SF building with 18 units, offering a diverse retail mix.; Zoned POC4YY, providing unmatched commercial flexibility and redevelopment potential.
