Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    506 Orange Grv Ave Pomona, CA 91768-2440

    • Car washes
    • 2,713 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2023
    $1,400,014
    Value Estimations
    $1,430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0120904
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pomona Express Car Wash / Car Wash
    • Pomona Roofing Company / Roofing Contractor

    Property Details for 506 Orange Grv Ave

    Year built
    2012
    Construction
    TILT-UP CONCRETE
    Lot size
    0.42 lot acres
    Property size
    2,713 SF
    Zone code
    POC2*
    Property type
    Car washes
    APN
    8340-006-036
    APU
    8340006036

    Description

    This exceptional Class A car wash, built in 2012 and extensively renovated in 2024, presents a lucrative investment opportunity. Located at 506 W Orange Grove Ave, Pomona, CA 91768, this 2,817 sq ft facility sits on an 18,080 sq ft lot in a high-traffic area, boasting 141 ft of frontage on Orange Grove Ave and 164 ft of depth. The property features 11 surface parking spaces (3.90 per 1,000 sq ft), ensuring efficient customer flow. Its strategic location at the intersection of White Avenue and West Orange Grove Avenue, near the 10 Freeway, benefits from approximately 15,000 daily vehicles at the intersection and 266,326 daily vehicles on the I-10 freeway. The property's zoning is POC2*, situated in a Tier 2 Transit Oriented Community, and enjoys a Walk Score of 68 ("Very Walkable"). The car wash is 90% automated, with the potential to service 300+ cars daily. The surrounding area has a dense population (170,954 residents within three miles, 365,085 within five miles), many with multiple vehicles, creating a strong customer base. Proximity to Ganesha Park, Hamilton Park, Weber Street Park, and the Downtown Pomona Metrolink Station further enhances its appeal. The asking price is $2,700,000, with an 8.00% cap rate. This is a turnkey operation ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,430,000
      ML approach
      $1,305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,429,000
      Market price range: $367k - $1.43M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.76
    Latitude
    34.0691
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,359
    $1,270,000
    $1,090,000
    $2,360,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $405,000
      7,750 SF

      1703 Holt Ave

      AUTO REPAIR, GARAGE • 7,750 SF
      1703 Holt Ave, Pomona, CA 91768-3334
      View Details
    • Value Estimation
      $475,000
      3,478 SF

      2207 Vly Blvd

      SERVICE STATION (FULL SERVICE) • 3,478 SF
      2207 Vly Blvd, Pomona, CA 91768-1147
      View Details
    • Value Estimation
      $620,000
      1,976 SF

      237 Holt Ave

      AUTO REPAIR, GARAGE • 1,976 SF
      237 Holt Ave, Pomona, CA 91768-3104
      View Details
    • Value Estimation
      $260,000
      0.74 Acres

      Pomona, CA 91768

      PARKING LOT • 0.74 Acres
      Pomona, CA 91768
      View Details
    • Value Estimation
      $195,000
      0.18 Acres

      851 Park Ave

      PARKING LOT • 0.18 Acres
      851 Park Ave, Pomona, CA 91768-3002
      View Details
    • Value Estimation
      $505,000
      38,702 SF

      2414 Pomona Blvd

      PARKING LOT • 38,702 SF
      2414 Pomona Blvd, Pomona, CA 91768
      View Details

    Similar Nearby for Sale

    • $185,000

      Established Auto Repair Business Opportunity

      Auto repair shop in North Pomona with established clientele.
      847 N Gordon St, Pomona, CA 91768
      View Details
    • $49,900

      Operating Restaurant with Beer-Wine License

      Turnkey restaurant with parking and beer-wine license for sale.
      1395 W Holt Ave, Pomona, CA 91768
      View Details
    • $2,150,000

      Retail Shopping Center For Sale

      Retail shopping center with warehouse in Pomona, CA.
      1470 W Holt Ave, Pomona, CA 91768
      View Details
    • Contact for pricing
      770 SF

      Pomona Retail Space - High Visibility

      Prime corner retail space, high traffic area. Ideal for small business.
      1484 Ave, Pomona, CA 91768
      View Details
    • Contact for pricing
      3,392 SF

      Pomona Retail Space - High Traffic!

      Prime Retail Building, 3,392 sq ft, 1.14 acres.
      1504 Rd, Pomona, CA 91768
      View Details
    • $185,000
      1,015 SF

      Established Auto Repair Shop in Pomona

      Profitable Business, Prime Location, High Growth Area
      847 Gordon St, Pomona, CA 91768
      View Details

    Similar Nearby for Lease

    • $1,500,000
      2,768 SF

      Pomona Auto Repair Space

      Auto repair space on a ±7,000 SF lot.
      334 E Center St, Pomona, CA 91768
      View Details
    • $23 SF/Yr
      27,738 SF

      University Plaza: Pomona Retail Space

      Prime Pomona retail space, multiple units available.
      3580 Temple Ave, Pomona, CA 91768
      View Details
    • Contact for pricing
      107,604 SF

      Pomona Retail Space Available

      Prime Pomona retail space, multiple units.
      801 Corporate Center Dr, Pomona, CA 91768
      View Details
    • $27 SF/Yr
      45,777 SF

      Pomona Retail Space for Lease

      Prime retail spaces with high visibility and consumer traffic.
      656-728 Fairplex Dr, Pomona, CA 91768
      View Details
    • Contact for pricing

      Pomona Retail Space Near Downtown

      Vacant retail space near downtown Pomona with parking.
      400 Park Ave N, Pomona, CA 91768
      View Details
    • $2,500 /Mo

      Commercial Building Near Medical Center

      Freestanding building near hospital, suitable for medical or retail use.
      1558 N Gordon St, Pomona, CA 91768
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    506 Orange Grv Ave
    Pomona, CA 91768-2440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.