Industrial Building with Private
For Sale
$3,400,320
244 Pioneer Pl, Pomona, CA 91768
Industrial building includes a private yard, canopy, and a 2,000 SF office with reception and private offices.
Property Size10,626 SF
Days on Market77
Property Features for 244 Pioneer Pl
General Information
Standard status
Active
Size
10,626 SF
Property subtype
Industrial
Building Details
Building Size
10,626 SF
Year Built
1986
Listing Agency:
Lee & Associates
Listed By:
Alex Smith · License #CalDRE #02031896
(951) 276-3668
Source:
Lee-associates
Added: Jun 23
Changed: Sep 3
Last Checked: Sep 6 at 4:57AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This industrial building is offered for sale with a private yard and canopy, supporting flexible onsite operations. The property totals 10,626 SF of industrial space and includes a 2,000 SF office area with one reception room, six private offices, and two office restrooms, along with one warehouse restroom. Fire protection is provided by 21/1,500 GPM sprinklers.
Located at 244 Pioneer Pl in Pomona, CA, the property is described as being near the 71/57/10 freeways, providing access to multiple major routes.
The configuration combines warehouse and office improvements on the same site, with restroom facilities serving both the office and warehouse areas.
Located at 244 Pioneer Pl in Pomona, CA, the property is described as being near the 71/57/10 freeways, providing access to multiple major routes.
The configuration combines warehouse and office improvements on the same site, with restroom facilities serving both the office and warehouse areas.
Key Highlights
- 10,626 SF industrial building built in 1986
- 2,000 SF office includes 1 reception area, 6 private offices, and 2 office restrooms plus 1 warehouse restroom
- Private yard with canopy
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
$144,159
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
4.24%
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%
$2,883,180
$2.9M
Cap Rate 7%
$2,059,414
$2.1M
Cap Rate 9%
$1,601,767
$1.6M
Market Conditions
NOI Build-Up for 10,626 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
$223.1K $21.00/SF
− Vacancy
−$17.2K −$1.62/SF
EGI
$205.9K $19.38/SF
− OpEx
−$61.8K −$5.81/SF
NOI
$144.2K $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%
$2,883,180
Cap Rate 7%
$2,059,414
Cap Rate 9%
$1,601,767
Alternative Uses
Best Use
Industrial
$2.06M
$1.80M – $2.40M
NOI $144,159 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.98M – $3.97M
NOI $238,498 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial building includes a private yard, canopy, and a 2,000 SF office with reception and private offices.
Where is this manufacturing property located?
The property is located at 244 Pioneer Pl Pomona, CA.
What is the asking price?
The asking price for this property is $3,400,320.
What are key features of this property?
This property features: 10,626 SF industrial building built in 1986; 2,000 SF office includes 1 reception area, 6 private offices, and 2 office restrooms plus 1 warehouse restroom; Private yard with canopy
