Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    450 Auto Center Dr Claremont, CA 91711

    • Investment properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TAO Martial Arts Black Belt Center (CM) / Training Center / Sports School
    • La Michoacana VIP Plus / Grocery & Convenience Store / Specialty Food Shop
    • La Michoacana Mi Tierra / Grocery & Convenience Store / Specialty Food Shop
    • Quincy Lashes / Hair Salon

    Property Details for 450 Auto Center Dr

    Property type
    Investment properties

    Description

    This thriving ice cream and paleteria, La Michoacana Mi Tierra, presents a fantastic opportunity for a new owner. Located at 450 Auto Center Drive in Claremont, CA, this business enjoys a prime location within a busy shopping center, ensuring consistent foot traffic and high visibility. The sale includes all equipment and inventory, making this a true turnkey operation ready for immediate income generation. The existing business boasts a loyal customer base and a strong reputation within the Claremont community, built on a wide variety of high-quality Mexican-inspired ice cream, paletas, and snacks. Significant growth potential exists through expanding the current offerings or introducing new revenue streams such as catering services. This is an exceptional chance to acquire a well-established, profitable business in a desirable Claremont location. An open house is scheduled for Friday, October 11th, from 7-9 PM. The asking price is $85,000. The property is a business opportunity, not a real estate sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    San Bernardino
    State
    California
    Longitude
    -117.721
    Latitude
    34.0807

    Comparable in this City

    • Value Estimation
      $1,225,000
      7,122 SF

      341 1st St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,122 SF
      341 1st St, Claremont, CA 91711-4749
      View Details
    • Value Estimation
      $1,040,000
      3,922 SF

      346 Yale Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,922 SF
      346 Yale Ave, Claremont, CA 91711-4726
      View Details
    • Value Estimation
      $1,355,000
      6,200 SF

      124 Yale Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,200 SF
      124 Yale Ave, Claremont, CA 91711-4722
      View Details
    • Value Estimation by Request
      2,396 SF

      370 Indian Hl Blvd

      STORE/OFFICE (MIXED USE) • 2,396 SF
      370 Indian Hl Blvd, Claremont, CA 91711-4611
      View Details
    • Value Estimation
      $1,250,000
      7,200 SF

      225 Yale Ave

      STORE/OFFICE (MIXED USE) • 7,200 SF
      225 Yale Ave, Claremont, CA 91711-4704
      View Details
    • Value Estimation
      $1,945,000
      12,700 SF

      740 Indian Hl Blvd

      STORE/OFFICE (MIXED USE) • 12,700 SF
      740 Indian Hl Blvd, Claremont, CA 91711-5400
      View Details

    Similar Nearby for Sale

    • $1,600,000
      20,239.00 Acres

      Claremont Land with Development Potential

      Prime Claremont lot suitable for building multiple homes.
      Baseline Rd, Claremont, CA 91711
      View Details
    • $189,000
      71,187.00 Acres

      Claremont Land Near Freeway

      1.63 acre lot zoned A2 near the 210 Freeway.
      Vl-8675022001, Claremont, CA 91711
      View Details
    • $3,900,000
      9,317 SF

      Claremont Office Building - Prime Location

      Fully Leased, 9,317 SF Office Building
      431 Baseline Rd, Claremont, CA 91711
      View Details
    • Contact for pricing

      Claremont Professional Office Park Location

      Move-in ready office space with prime frontage and abundant parking.
      601 W Foothill Blvd, Claremont, CA 91711
      View Details
    • Contact for pricing
      3,639 SF

      Restaurant/Retail Opportunity on Historic Route

      Restaurant or retail property on busy street with parking.
      962, Claremont, CA 91711
      View Details
    • $295,000

      Turn-Key Restaurant Opportunity in Claremont

      Established Mediterranean restaurant for sale in prime Claremont location.
      806 S Indian Hill Blvd, Claremont, CA 91711
      View Details

    Similar Nearby for Lease

    • $7,278 /Mo
      3,639 SF

      Claremont Commercial Space on Route 66

      Restaurant or retail space available on historic Route 66.
      962 W Foothill Blvd, Claremont, CA 91711
      View Details
    • Contact for pricing

      Retail/Office Space Near Sprouts

      Retail/office space in busy shopping center near Sprouts Farmers Market.
      843 W Foothill Blvd, Claremont, CA 91711
      View Details
    • $2 SF/Yr

      Claremont Village Office Space

      Office space in amenity-rich Claremont Village Square.
      1-201 N Indian Hill Blvd, Claremont, CA 91711
      View Details
    • Contact for pricing
      2,168 SF

      Claremont Office Space Sublease

      Office space available for sublease through 2027 in Claremont.
      250 W 1St St, Claremont, CA 91711
      View Details
    • Contact for pricing
      2,100 SF

      Claremont Office Space For Lease

      Office space available for lease in Claremont, California.
      101-141 Spring St, Claremont, CA 91711
      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.
    450 Auto Center Dr
    Claremont, CA 91711
    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.
    Sign Up Successful!
    You now have access to more from Realmo!