Established Auto Body
For Sale
Contact for pricing
918 W 1st St, Pomona, CA 91766
Operating auto body and repair shop with paint booth.
Property Size2,987 SF
Price / SF$502.18
Days on Market614
Property Features for 918 W 1st St
General Information
Standard status
Active
Size
2,987 SF
Class
C
Property subtype
Retail, Industrial
Zoning
LM3-G1-CX1
Building Details
Year Built
1964
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Avison Young - Downtown Los Angeles
Listed By:
Patrick Barnes · License #CA 01333182
Source:
Crexi
Added: Dec 4, 2024
Changed: Aug 9
Last Checked: May 12 at 9:36PM
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 Avison Young - Downtown Los Angeles
Investment Insights
Based on property information with market context.
This property has been operating as an auto body and repair facility for over 30 years. It features an operating paint booth. The office area and restrooms have been recently updated. The property includes a large, secured, fenced, and paved yard area. The property has been maintained and upgraded over the years. The building size is 2987 square feet.
Key Highlights
- Established auto body and repair business (30+ years)
- Operating paint booth included
- Large secured and paved yard
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
$43,262
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
2.88%
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%
$865,240
$865.2K
Cap Rate 7%
$618,029
$618.0K
Cap Rate 9%
$480,689
$480.7K
Market Conditions
NOI Build-Up for 2,987 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
$64.5K $21.60/SF
− Vacancy
−$2.7K −$0.91/SF
EGI
$61.8K $20.69/SF
− OpEx
−$18.5K −$6.21/SF
NOI
$43.3K $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 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%
$865,240
Cap Rate 7%
$618,029
Cap Rate 9%
$480,689
Alternative Uses
Best Use
Retail
$618.0K
$540.8K – $721.0K
NOI $43,262 @ 7.0% cap · market cap 2.88%
Second Best
Industrial
$578.9K
$506.6K – $675.4K
NOI $40,524 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$957.8K
$838.0K – $1.12M
NOI $67,043 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,896
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Bank of America
Shops & Services
20,562 visits/mo
0.5 miles
Chase Bank
Shops & Services
16,010 visits/mo
0.4 miles
76
Shops & Services
8,649 visits/mo
0.4 miles
Shell
Shops & Services
4,805 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
4,313 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Operating auto body and repair shop with paint booth.
Where is this auto shop located?
The property is located at 918 W 1st St Pomona, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Established auto body and repair business (30+ years); Operating paint booth included; Large secured and paved yard
