Corner Lot Auto Service
For Sale
$999,950
Pending
1601 E Mission Blvd, Pomona, CA 91766
Corner lot property suitable for investors or business owners.
Property Size4,200 SF
Lot Size0.28 Acres
Days on Market165
Property Features for 1601 E Mission Blvd
General Information
Standard status
Pending
Size
4,200 SF
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Building Size
4,200 SF
Year Built
1980
Listing Agency:
(714) 900-3757
Listed By:
Henry Ferrufino · License #02086748
Source:
Elliman
Added: Mar 10
Changed: Aug 12
Last Checked: Aug 21 at 1:36PM
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 Henry Ferrufino
Investment Insights
Based on property information with market context.
This property presents an opportunity for investors or business owners. Currently used for auto tires and auto service, the property is situated on a corner lot, providing easy access and visibility.
Key Highlights
- Corner lot location
- Easy access
- Great visibility
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
$60,830
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
6.08%
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%
$1,216,600
$1.2M
Cap Rate 7%
$869,000
$869.0K
Cap Rate 9%
$675,889
$675.9K
Market Conditions
NOI Build-Up for 4,200 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
$90.7K $21.60/SF
− Vacancy
−$3.8K −$0.91/SF
EGI
$86.9K $20.69/SF
− OpEx
−$26.1K −$6.21/SF
NOI
$60.8K $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%
$1,216,600
Cap Rate 7%
$869,000
Cap Rate 9%
$675,889
Alternative Uses
Best Use
Retail
$869.0K
$760.4K – $1.01M
NOI $60,830 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$814.0K
$712.3K – $949.7K
NOI $56,980 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,268 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Home Improvements & Furnishings 20%
Public Storage
Shops & Services
1,405 visits/mo
0.3 miles
Caliber Collision
Shops & Services
946 visits/mo
0.2 miles
Airgas
Home Improvements & Furnishings
578 visits/mo
0.5 miles
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Lozgar Diesel Repair — 3770 E Grand Ave, Pomona, CA 91766
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- Koguala Tire — 1454 S Signal Dr, Pomona, CA 91766
- Mark修车 — 1445 S East End Ave, Pomona, CA 91766
- 華人卡車修理廠 — 1461 S East End Ave, Pomona, CA 91766
Frequently Asked Questions
What type of property is this?
Auto shop - Corner lot property suitable for investors or business owners.
Where is this auto shop located?
The property is located at 1601 E Mission Blvd Pomona, CA.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: Corner lot location; Easy access; Great visibility
