7-Unit Office
For Sale
Contact for pricing
Pending
2055 N Garey Avenue, Pomona, CA 91767
Single-story commercial property with multiple occupants and separate east and west entrances.
Property Size9,000 SF
Lot Size0.71 Acres
Days on Market990
Property Features for 2055 N Garey Avenue
General Information
Standard status
Pending
Size
9,000 SF
Total Parking Spaces
38
Lot size
0.71 Acres
Property subtype
Special Purpose, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
1
Office Units
7
Building Details
Buildings
1
Stories
1
Building Size
9,000 SF
Tenancy
Multi
Listing Agency:
CENTURY 21 Citrus Realty
(626) 255-4854
Listed By:
Albert Rodriguez · License #CA
Source:
Crexi
Added: Dec 14, 2023
Changed: Aug 29
Last Checked: Aug 29 at 11:35PM
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
Investment Insights
Based on property information with market context.
This single-story office property contains 7 units within approximately 9,000 square feet, creating a multi-tenant configuration with a cellular tower tenant. East and west entrances provide access to the building, and the site includes 38 parking spaces on a 30,928-square-foot lot. The layout supports both investor ownership and business occupancy.
Located in North Pomona, the property is near Casa Colina, Pomona Valley Hospital, professional services, shopping, restaurants, bus lines, and the Metrolink. Regional access includes the 210, 10, 71, and 57 freeways. The location is reported to experience traffic volume of over 30k+- cars per day, adding exposure to a property positioned along N Garey Avenue.
Located in North Pomona, the property is near Casa Colina, Pomona Valley Hospital, professional services, shopping, restaurants, bus lines, and the Metrolink. Regional access includes the 210, 10, 71, and 57 freeways. The location is reported to experience traffic volume of over 30k+- cars per day, adding exposure to a property positioned along N Garey Avenue.
Key Highlights
- 7‑unit, multi‑tenant office building with a cellular tower tenant
- Approximately 9,000 square feet on a 30,928‑square‑foot lot
- 38 parking spaces with east and west building entrances
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
$145,233
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
6.18%
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%
$2,904,660
$2.9M
Cap Rate 7%
$2,074,757
$2.1M
Cap Rate 9%
$1,613,700
$1.6M
Market Conditions
NOI Build-Up for 9,000 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
$237.6K $26.40/SF
− Vacancy
−$44.0K −$4.88/SF
EGI
$193.6K $21.52/SF
− OpEx
−$48.4K −$5.38/SF
NOI
$145.2K $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%
$2,904,660
Cap Rate 7%
$2,074,757
Cap Rate 9%
$1,613,700
Alternative Uses
Best Use
Office B
$2.07M
$1.82M – $2.42M
NOI $145,233 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.37M
NOI $202,003 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,154
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 - Single-story commercial property with multiple occupants and separate east and west entrances.
Where is this office building located?
The property is located at 2055 N Garey Avenue Pomona, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 7‑unit, multi‑tenant office building with a cellular tower tenant; Approximately 9,000 square feet on a 30,928‑square‑foot lot; 38 parking spaces with east and west building entrances
