Listing Agency: CIBA Real Estate Show Phone

Listed By: Filippo Fanara Show Phone

Source: Moodyscre

Added: Nov 20, 2023 Changed: Oct 13 Last Checked: Oct 16 at 10:44AM

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Investment Insights

Based on property information with market context.

This flex space offering includes two separate parcels at 1030–1036 W 2nd St in Pomona. The larger building contains approximately 3,822 SF on an approximately 8,169 SF lot, while the second building provides approximately 224 SF on an approximately 6,017 SF lot. Together, the buildings total 4,046 square feet of property size.

Interior features include private offices, a lobby, two restrooms, skylights, and two separate front entrances. The larger building also has a GL door and 12' clear height. Exterior features include a fenced area and rear alley access, providing a practical combination of enclosed commercial space and controlled outdoor area.

Key Highlights

• Two separate parcels with buildings of ±3,822 SF and ±224 SF
• Larger building sits on an ±8,169 SF lot; second building sits on an ±6,017 SF lot
• GL door and 12' clear height in the larger building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,891

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,097,820 $1.1M

Cap Rate 7%

$784,157 $784.2K

Cap Rate 9%

$609,900 $609.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,046 SF

Gross rent

$85.0K $21.00/SF

− Vacancy

−$6.6K −$1.62/SF

EGI

$78.4K $19.38/SF

− OpEx

−$23.5K −$5.81/SF

NOI

$54.9K $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 Rate 5%

$1,097,820

Cap Rate 7%

$784,157

Cap Rate 9%

$609,900

Alternative Uses

Best Use

Industrial

$784.2K

$686.1K – $914.9K (±1% cap)

NOI $54,891 @ 7.0% cap · market cap 3.79%

Second Best

Flex RnD

$728.1K

$637.1K – $849.5K (±1% cap)

NOI $50,970 @ 7.0% cap · market cap 3.52%

Theoretical Best

Office A

$1.30M

$1.14M – $1.51M (±1% cap)

NOI $90,812 @ 7.0% cap · market cap 6.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Acupuncture Electrical Service Tech Support Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,617

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 91766, CA

70,701

Population

20,217

Households

3.5

Avg Household Size

34

Median Age

20%

College-Educated

71%

High-School Grad

10.1 sq mi

ZIP Area

7,000

Density / Sq Mi

$77,699

Median Household Income

$34,705

Median Earnings

$1,776

Median Rent

$568,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two parcels combine commercial buildings with offices, restrooms, a lobby, and secured outdoor area.

Where is this flex space located?

The property is located at 1030-1036 W 2nd St Pomona, CA.

What is the asking price?

The asking price for this property is $1,448,888.

What are key features of this property?

This property features: Two separate parcels with buildings of ±3,822 SF and ±224 SF; Larger building sits on an ±8,169 SF lot; second building sits on an ±6,017 SF lot; GL door and 12' clear height in the larger building