Office Building with Lecture
For Sale
$3,190,000
702 Holt Avenue, Pomona, CA 91768
Corner-lot facility includes dedicated classrooms, meeting rooms, and gated parking.
Property Size7,100 SF
Price / SF$449.30
Days on Market316
Property Features for 702 Holt Avenue
General Information
Standard status
Active
Size
7,100 SF
Total Parking Spaces
31
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
stadium-style main lecture hall
classrooms
meeting rooms
3
Corner Lot.
Paved. Corner, Paved Road.
Building Details
Year Built
2006
Buildings
1
Listing Agency:
New Star Realty & Investment
(714) 994-3377
Listed By:
Alex Jang · License #01433083
Source:
Xome
Added: Oct 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:08PM
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 New Star Realty & Investment
Investment Insights
Based on property information with market context.
Located at 702 Holt Avenue in Pomona, this 7,100-square-foot commercial building was constructed in 2006 and has been upgraded for continued office or educational use. The interior includes a stadium-style lecture hall, two classrooms, and multiple meeting rooms, creating a varied configuration for instruction, presentations, conferences, and administrative work.
The property occupies a corner lot along Holt Avenue with a paved road, gated parking, and 31 designated spaces. Major freeways are minutes away, providing access to the surrounding Pomona area. The building’s combination of large-group space, smaller instructional rooms, and meeting areas supports office, training, educational, and specialized organizational uses.
The property occupies a corner lot along Holt Avenue with a paved road, gated parking, and 31 designated spaces. Major freeways are minutes away, providing access to the surrounding Pomona area. The building’s combination of large-group space, smaller instructional rooms, and meeting areas supports office, training, educational, and specialized organizational uses.
Key Highlights
- 7,100‑square‑foot commercial building constructed in 2006
- Stadium‑style main lecture hall for presentations, conferences, and large‑group instruction
- Two dedicated classrooms plus multiple meeting rooms
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
$114,573
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
3.59%
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%
$2,291,460
$2.3M
Cap Rate 7%
$1,636,757
$1.6M
Cap Rate 9%
$1,273,033
$1.3M
Market Conditions
NOI Build-Up for 7,100 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
$187.4K $26.40/SF
− Vacancy
−$34.7K −$4.88/SF
EGI
$152.8K $21.52/SF
− OpEx
−$38.2K −$5.38/SF
NOI
$114.6K $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%
$2,291,460
Cap Rate 7%
$1,636,757
Cap Rate 9%
$1,273,033
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,573 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,358 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Corner-lot facility includes dedicated classrooms, meeting rooms, and gated parking.
Where is this office building located?
The property is located at 702 Holt Avenue Pomona, CA.
What is the asking price?
The asking price for this property is $3,190,000.
What are key features of this property?
This property features: 7,100‑square‑foot commercial building constructed in 2006; Stadium‑style main lecture hall for presentations, conferences, and large‑group instruction; Two dedicated classrooms plus multiple meeting rooms
