Mixed-Use Property with Separate
For Sale
$499,500
604 East Mission Boulevard, Pomona, CA 91766
Two-level mixed-use property with distinct entrances and office and residential-style spaces.
Property Size2,197 SF
Price / SF$227.36
Days on Market279
Property Features for 604 East Mission Boulevard
General Information
Standard status
Active
Size
2,197 SF
Property subtype
Commercial Sale / Mixed Use
Additional Details
Office Units
1
Building Details
Year Built
1902
Buildings
1
Stories
2
Listing Agency:
Long Dragon Realty Group, Inc.
(626) 309-7999
Listed By:
Jeffrey Cheng · License #01331009
(626) 309-7999
Source:
Compass
Added: Nov 24, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:09PM
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 Long Dragon Realty Group, Inc.
Investment Insights
Based on property information with market context.
Located at 604 East Mission Boulevard in Pomona, this 2,197-square-foot mixed-use property was built in 1902 and is arranged across two levels with separate access for each unit. The lower level provides an open office area, meeting room, break area, and one bathroom. The upper level includes three bedrooms and two bathrooms, offering a different configuration from the office-oriented floor below.
The two-unit layout creates a clear separation between the levels and their respective spaces. The property is positioned in Pomona, California, and includes a large lot as described in the property information.
The two-unit layout creates a clear separation between the levels and their respective spaces. The property is positioned in Pomona, California, and includes a large lot as described in the property information.
Key Highlights
- 2,197‑square‑foot mixed‑use property in Pomona
- Built in 1902
- Two separate units with individual 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
$35,453
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
7.10%
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%
$709,060
$709.1K
Cap Rate 7%
$506,471
$506.5K
Cap Rate 9%
$393,922
$393.9K
Market Conditions
NOI Build-Up for 2,197 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
$58.0K $26.40/SF
− Vacancy
−$10.7K −$4.88/SF
EGI
$47.3K $21.52/SF
− OpEx
−$11.8K −$5.38/SF
NOI
$35.5K $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%
$709,060
Cap Rate 7%
$506,471
Cap Rate 9%
$393,922
Alternative Uses
Best Use
Office B
$506.5K
$443.2K – $590.9K
NOI $35,453 @ 7.0% cap · market cap 7.10%
Second Best
Mixed Use
$433.1K
$379.0K – $505.3K
NOI $30,319 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$704.4K
$616.4K – $821.9K
NOI $49,311 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,168
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level mixed-use property with distinct entrances and office and residential-style spaces.
Where is this mixed-use property located?
The property is located at 604 East Mission Boulevard Pomona, CA.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: 2,197‑square‑foot mixed‑use property in Pomona; Built in 1902; Two separate units with individual entrances
