Flex Space with Large Parking
For Sale
Contact for pricing
385 N Park Ave, Pomona, CA 91768
Commercial building offering substantial on-site parking and multiple possible use directions subject to city confirmation.
Property Size1,710 SF
Price / SF$438.60
Days on Market149
Property Features for 385 N Park Ave
General Information
Standard status
Active
Size
1,710 SF
Class
B
Property subtype
Retail
Zoning
M1
Occupancy
100%
Building Details
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Listing Agency:
RGA Properties
Listed By:
Reyes Mejia · License #01868073
Source:
Crexi
Added: Apr 3
Changed: Aug 29
Last Checked: Apr 4 at 8:36PM
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 RGA Properties
Investment Insights
Based on property information with market context.
This flex space is configured as a commercial building with a large parking lot. The property’s potential applications include warehouse operations, a plumbing company, an attorney’s office, property management, a market, or multifamily development; proposed uses should be confirmed with the city.
The property is located at 385 N Park Ave in Pomona, California 91768.
The property is located at 385 N Park Ave in Pomona, California 91768.
Key Highlights
- Commercial building with a large parking lot
- Potential warehouse, plumbing company, attorney’s office, or property management uses, subject to city confirmation
- Market and multifamily development identified as additional potential uses, subject to city confirmation
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
$28,170
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
3.76%
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%
$563,400
$563.4K
Cap Rate 7%
$402,429
$402.4K
Cap Rate 9%
$313,000
$313.0K
Market Conditions
NOI Build-Up for 1,710 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
$35.9K $21.00/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$33.1K $19.38/SF
− OpEx
−$5.0K −$2.91/SF
NOI
$28.2K $16.47/SF
Area
Pomona, CA
Vacancy
7.71%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
15.00%
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%
$563,400
Cap Rate 7%
$402,429
Cap Rate 9%
$313,000
Alternative Uses
Best Use
Warehouse
$402.4K
$352.1K – $469.5K
NOI $28,170 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$331.4K
$290.0K – $386.7K
NOI $23,199 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$548.3K
$479.8K – $639.7K
NOI $38,381 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,976
Businesses Nearby
Under-served
Demand for This Use
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
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Similar Off Market Nearby
- Best Beverage Catering — 161 W 4th St, Pomona, CA 91766
- Metro Event Center — 205 E 2nd St, Pomona, CA 91766
- Sapo's — 267 E Monterey Ave, Pomona, CA 91766
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building offering substantial on-site parking and multiple possible use directions subject to city confirmation.
Where is this flex space located?
The property is located at 385 N Park Ave Pomona, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Commercial building with a large parking lot; Potential warehouse, plumbing company, attorney’s office, or property management uses, subject to city confirmation; Market and multifamily development identified as additional potential uses, subject to city confirmation
