Established Automotive Machine
For Sale
$2,399,000
840 E 2nd, Pomona, CA 91766
Operating automotive service property with machinery, tooling, and paved access in Pomona.
Property Size1,620 SF
Lot Size0.30 Acres
Price / SF$426.41
Days on Market50
Property Features for 840 E 2nd
General Information
Standard status
Active
Size
1,620 SF
Lot size
0.30 Acres
Property subtype
Industrial
Zoning
UND-3
Financials
Asking Price
$2,998,000
Business Included
Yes
Building Details
Building Size
1,620 SF
Year Built
1957
Listing Agency:
Fortune RE and Investment, Inc
Listed By:
Rocio Barrera · License #01720472
(909) 981-4466
Source:
Camdenmckayre
Added: Sep 2
Changed: Oct 13
Last Checked: Oct 19 at 4:52PM
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 Fortune RE and Investment, Inc
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Investment Insights
Based on property information with market context.
This automotive machine shop includes an operating facility serving engine rebuilding and related machining needs. Services include engine rebuilding and installation, cylinder head work, resurfacing, crankshaft grinding, pressure testing, and other automotive machine shop work. The property includes complete machinery, equipment, and tooling, along with an established customer and repair-shop network. The business began in 2012, with roots dating to 2002.
The offering includes two contiguous parcels totaling approximately 13,000 SF of land at 840 2nd in Pomona. The improvements were built in 1957, and the site has paved access with public transportation available. UND-3 zoning is identified for potential multifamily, mixed-use, or other compatible redevelopment subject to City approval.
The offering includes two contiguous parcels totaling approximately 13,000 SF of land at 840 2nd in Pomona. The improvements were built in 1957, and the site has paved access with public transportation available. UND-3 zoning is identified for potential multifamily, mixed-use, or other compatible redevelopment subject to City approval.
Key Highlights
- Two contiguous parcels totaling approximately 13,000 SF of land
- Automotive engine rebuilding and machine shop operation established in 2012
- Services include resurfacing, crankshaft grinding, and pressure testing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,484
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,680
$1.6M
Cap Rate 7%
$1,164,057
$1.2M
Cap Rate 9%
$905,378
$905.4K
Market Conditions
NOI Build-Up for 5,626 SF
Gross rent
$121.5K $21.60/SF
− Vacancy
−$5.1K −$0.91/SF
EGI
$116.4K $20.69/SF
− OpEx
−$34.9K −$6.21/SF
NOI
$81.5K $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 Rate 5%
$1,629,680
Cap Rate 7%
$1,164,057
Cap Rate 9%
$905,378
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,484 @ 7.0% cap · market cap 3.40%
Second Best
Industrial
$1.09M
$954.1K – $1.27M
NOI $76,326 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,274 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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- Ramos Mobile Auto Care — 490 E 9th St, Pomona, CA 91766
- Tow Zone Towing & Recovery — 1092 S Reservoir St, Pomona, CA 91766
Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive service property with machinery, tooling, and paved access in Pomona.
Where is this auto shop located?
The property is located at 840 E 2nd Pomona, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Two contiguous parcels totaling approximately 13,000 SF of land; Automotive engine rebuilding and machine shop operation established in 2012; Services include resurfacing, crankshaft grinding, and pressure testing
