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Property profile & analytics
OFF-MARKET
Estimated value
$18,000,000
Manufacturing properties
110 Erie St, Pomona, CA 91768-3342
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0131818
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1963
Construction
WOOD
Total area
75,460 SF
Lot
4.07 ac (177,126 SF)
Zoning code
POM1*
APN
8348-005-012
UPID
US10-0131818
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bright Glow Candle Co Home Decor Store
-
Bright Glow Candle Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.00M
CAP Approach
CAP
$15.75M
Comparable Approach
Comparable
$20.71M
Blend (final)
Blend
$18.00M
Owner & transaction history
Avara LLC · 2 yrs held
Avara LLC
since 2024
Last sale
$18.0M
7 recorded transactions
Zoning & alternative use
POM1* · Pomona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$25.5M
+84.7%
Commercial (general)
$24.8M
+79.1%
Auto repair, garage
$24.1M
+74.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pomona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pomona submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$18,000,000
ML approach
$18,000,000
CAP Approach
CAP Return
Estimation
6%
$17,060,000
6.5%
$15,750,000
7%
$14,625,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,820,000
Current use
OFFICE BUILDING
$25,530,000
Change: +85% · Conversion: Difficult
COMMERCIAL (GENERAL)
$24,755,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,130,000
Change: +75% · Conversion: Easy
RESTAURANT
$23,190,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$23,030,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$18.00M
Range $16.20M – $19.80M · ±10% · vs last sale $18.00M (Mar 18 2024)
Last sale anchor
$18.00M
Mar 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$239 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$209,254
Tax year 2024
Assessed value
$16,646,400
Assessed 2024
Previous assessed
$16,646,400
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$10,419,606
Assessed improvement
$6,226,794
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
75,460 SF
Lot
4.07 ac (177,126 SF)
Zoning code
POM1*
APN
8348-005-012
UPID
US10-0131818
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
POM1* · Pomona, CA
Zoning POM1* · permitted uses
POM1* · Pomona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pomona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.8M
OFFICE BUILDING
Est. value
$25.5M
COMMERCIAL (GENERAL)
Est. value
$24.8M
AUTO REPAIR, GARAGE
Est. value
$24.1M
RESTAURANT
Est. value
$23.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$23.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
4.07 ac
Current owner
From public records · entity-resolved
Avara LLC
Entity
Mailing address
1785 MT VERNON AVE, POMONA, CA 91768-3330
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2024
$18,000,000
Avara LLC
Pomona Industrial Partners LLC
Grant Deed
$5,499,000 · The Mortgage Capital Development Co
Mar 18, 2024
—
Avara LLC
—
Deed
related
$5,377,500 · Smbc Manubank
May 3, 2022
$16,000,000
Pomona Industrialpartners LLC
Richard Alcedo
Grant Deed
$10,720,000 · East West Bank
Dec 17, 2019
—
Alcedo Family Living Trust
—
Deed
related
$5,000,000 · Harvest Com'l Cap LLC
Jun 8, 2018
—
Alcedo Family Living Trust
—
Deed
related
$278,973 · Sme Bbc Newport Beach
Sep 21, 2016
—
Alcedo Family Living Trust
Alcedo,richard & Virginia
Quit Claim Deed
related
—
Apr 1, 2016
—
Richard Alcedo
Alcedo,ricardo & Virginia
Quit Claim Deed
related
$4,000,000 · Bank Of The West
Oct 12, 2012
—
Ricardo Alcedo
—
Deed Of Trust
related
$1,870,000 · East West Bank
Jun 10, 2004
$3,410,000
Ricardo Alcedo
Tetra Pak Materials LP
Grant Deed
$2,120,000 · Wachovia Commercial Mortgage
Jan 12, 2001
—
Tetra Pak Materials LP
Tetra,pak
Quit Claim Deed
related
—
Apr 24, 1992
$1,250,000
Tetra Pak Materials INC
Potlatch Corp
Grant Deed
—
—
—
Ricardo Alcedo
—
Deed Of Trust
related
$500,000 · East West Bank
—
—
Ricardo Alcedo
—
Deed Of Trust
related
$2,820,000 · East West Bank
—
—
Alcedo Family Living Trust
—
Deed Of Trust
related
$5,000,000 · Harvest Com'l Cap LLC
—
—
Alcedo Family Living Trust
—
Deed Of Trust
related
$278,973 · Sme Bbc Newport Beach
—
—
Ricardo Alcedo
—
Deed Of Trust
related
$500,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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