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    Property profile & analytics

    115 2nd St Pomona, CA 91766-1718

    • Retail space
    • 6,248 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Apr 06, 2021
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0133758
    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

    • Retail space

    Property Details for 115 2nd St

    Year built
    1966
    Construction
    TILT-UP CONCRETE
    Lot size
    0.15 lot acres
    Property size
    6,248 SF
    Zone code
    POC3*
    Property type
    Retail space
    APN
    8341-001-030
    APU
    8341001030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $293,000
      Market price range: $294k - $1.04M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.751
    Latitude
    34.058
    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
    $10,209
    $78,944
    $313,738
    $392,682
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $615,000
      19,104 SF

      2059 Garey Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,104 SF
      2059 Garey Ave, Pomona, CA 91766-5727
      View Details
    • Value Estimation
      $110,000
      4,795 SF

      240 Garey Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,795 SF
      240 Garey Ave, Pomona, CA 91766-1705
      View Details
    • Value Estimation
      $560,000
      38,085 SF

      1636 Msn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 38,085 SF
      1636 Msn Blvd, Pomona, CA 91766-1200
      View Details
    • Value Estimation
      $560,000
      8,666 SF

      2051 Rancho Vly Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,666 SF
      2051 Rancho Vly Dr, Pomona, CA 91766-7104
      View Details
    • Value Estimation
      $595,000
      9,576 SF

      2071 Rancho Vly Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,576 SF
      2071 Rancho Vly Dr, Pomona, CA 91766-7105
      View Details
    • Value Estimation
      $285,000
      2,932 SF

      1091 Garey Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,932 SF
      1091 Garey Ave, Pomona, CA 91766-3330
      View Details

    Similar Nearby for Sale

    • $2,250,000
      5,400 SF

      Retail Building on Garey Avenue

      Retail building available for sale in Pomona, California.
      1905 S Garey Ave, Pomona, CA 91766
      View Details
    • $599,000

      High-Visibility Corner Lot in Pomona

      Prime Pomona location suitable for various business ventures.
      804 Philadelphia St, Pomona, CA 91766
      View Details
    • Contact for pricing
      36,498 SF

      Retail and Drive-Thru Opportunity

      Retail and drive-thru spaces available in Pomona shopping center.
      2705 South Towne Ave, Pomona, CA 91766
      View Details
    • $1,980,000
      5,776 SF

      Freestanding Commercial Building on Corner

      Vacant commercial building on a corner lot, built in 2007.
      1700 S Garey Ave, Pomona, CA 91766
      View Details
    • Contact for pricing
      43,506 SF

      Iconic Art Deco Property

      Art deco property with diverse revenue potential in Pomona, CA.
      359 S Garey Ave, Pomona, CA 91766
      View Details
    • $5,600,000
      10,548 SF

      High-Traffic Retail Center For Sale

      Retail property with high visibility and diverse tenant mix.
      50 Rio Rancho Rd, Pomona, CA 91766
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      1160 W Mission Blvd, Pomona, CA 91766
      View Details
    • $1.50 SF/Yr
      2,400 SF

      Pomona Retail or Office Space

      Divisible retail or office space available for rent.
      590 N Dudley St, Pomona, CA 91766
      View Details
    • $2 SF/Yr
      2,130 SF

      Pomona Retail Space Available

      Retail space in excellent condition, previously a bank.
      58 Rio Rancho Rd, Pomona, CA 91766
      View Details
    • $1.55 SF/Yr
      19,146 SF

      Pomona Warehouse Space Available

      Sublease available through 10/31/2026, flexible size range.
      1458 E Mission Blvd, Pomona, CA 91766
      View Details
    • $24,066,900
      74,052 SF

      Pomona Warehouse with Truck Court

      Freestanding warehouse on 3.4 acres, near 60 Freeway.
      1258 S Reservoir St, Pomona, CA 91766
      View Details
    • Contact for pricing
      14,000 SF

      Pomona Warehouse with Secured Yard

      Two buildings totaling 14,000 SF with truck maintenance pits.
      1101 East End Ave, Pomona, CA 91766
      View Details
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    115 2nd St
    Pomona, CA 91766-1718
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    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
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