Freestanding Hard-Corner Retail
For Sale
$1,880,000
Pending
1700 S Garey, Pomona, CA 91766
Newer 2007 freestanding retail building on a hard-corner with strong visibility along two major avenues.
Property Size5,776 SF
Lot Size0.46 Acres
Days on Market143
Property Features for 1700 S Garey
General Information
Standard status
Pending
Size
5,776 SF
Lot size
0.46 Acres
Property subtype
Commercial
Zoning
CS
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
6%
Building Details
Building Size
5,776 SF
Year Built
2007
Stories
1
Listing Agency:
Growth Investment Group
(626) 594-4900
Listed By:
Handoko Chen · License #01749321
(626) 594-4900
Source:
Elliman
Added: Mar 27
Changed: Aug 15
Last Checked: Jul 23 at 11:30AM
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 Growth Investment Group
Investment Insights
Based on property information with market context.
100% vacant freestanding, single-story retail building built in 2007, offering a versatile open-layout shell condition for owner-users or investors. The property provides ample parking on a large lot and was previously operated as a retail showroom (formerly Warehouse Shoe Sale), with the tenant recently relocating. The interior is presented in shell condition, allowing a new occupant to configure the space for their specific needs (buyer to verify).
Located on a hard corner with excellent visibility on Garey Ave and Franklin Ave in Pomona, the site is described as having superb traffic volume of approximately 25,000 VPD. The asset is served by Commercial Service (CS/C-S) zoning, which supports a wide range of retail and service uses, and the remarks note medical uses are allowed (buyer to verify).
This offering totals 5,776 square feet on an approximately 120,000 square foot lot. Buyers should confirm all details including utility systems referenced in the remarks and zoning or use specifics during diligence.
Located on a hard corner with excellent visibility on Garey Ave and Franklin Ave in Pomona, the site is described as having superb traffic volume of approximately 25,000 VPD. The asset is served by Commercial Service (CS/C-S) zoning, which supports a wide range of retail and service uses, and the remarks note medical uses are allowed (buyer to verify).
This offering totals 5,776 square feet on an approximately 120,000 square foot lot. Buyers should confirm all details including utility systems referenced in the remarks and zoning or use specifics during diligence.
Key Highlights
- 100% vacant freestanding retail building built in 2007 with 5,776 SF of interior space
- Hard‑corner location on Garey Ave and Franklin Ave with reported 25k VPD traffic volume and strong visibility
- Large ±20,000 SF lot with ample on‑site parking
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
$83,656
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
4.45%
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%
$1,673,120
$1.7M
Cap Rate 7%
$1,195,086
$1.2M
Cap Rate 9%
$929,511
$929.5K
Market Conditions
NOI Build-Up for 5,776 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
$124.8K $21.60/SF
− Vacancy
−$5.3K −$0.91/SF
EGI
$119.5K $20.69/SF
− OpEx
−$35.9K −$6.21/SF
NOI
$83.7K $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%
$1,673,120
Cap Rate 7%
$1,195,086
Cap Rate 9%
$929,511
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.39M
NOI $83,656 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,641 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
470k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 18%
Superstores 17%
Shops & Services 13%
Target
Superstores
77,702 visits/mo
0.3 miles
Food 4 Less
Groceries
46,374 visits/mo
0.2 miles
McDonald's
Dining
40,140 visits/mo
0.3 miles
Cardenas Market
Groceries
38,521 visits/mo
0.0 miles
Ross Dress for Less
Apparel
32,403 visits/mo
0.4 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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Frequently Asked Questions
What type of property is this?
Retail space - Newer 2007 freestanding retail building on a hard-corner with strong visibility along two major avenues.
Where is this retail space located?
The property is located at 1700 S Garey Pomona, CA.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: 100% vacant freestanding retail building built in 2007 with 5,776 SF of interior space; Hard‑corner location on Garey Ave and Franklin Ave with reported 25k VPD traffic volume and strong visibility; Large ±20,000 SF lot with ample on‑site parking
