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    1196 Park Ave Pomona, CA 91768-3027
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    1196 Park Ave Pomona, CA 91768-3027

    View on Map
    • Office buildings
    • 3,008 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Oct 4, 2023
    Property ID
    US10-0171225
    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.
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Reddy Care Medical / Medical Clinic
    • Mallu Reddy, M.D. / Physician
    • Dr. Younis A. Ali, MD / Physician
    • Beverly Botnick / Medical Clinic
    • Christian Custodio / Medical Clinic

    Property Details for 1196 Park Ave

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    3,008 SF
    Zone code
    POAPYY
    Property type
    Office buildings
    APN
    8339-030-021
    APU
    8339030021

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $642,000
      Market price range: $642k - $1.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.755
    Latitude
    34.0698
    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
    $4,458
    $131,758
    $147,765
    $279,523
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,585,000
      32,294 SF

      701 Corporate Ctr Dr

      OFFICE BUILDING • 32,294 SF
      701 Corporate Ctr Dr, Pomona, CA 91768-2633
      View Details
    • Value Estimation by Request
      947 SF

      223 Erie St

      OFFICE BUILDING • 947 SF
      223 Erie St, Pomona, CA 91768-3328
      View Details
    • Value Estimation
      $510,000
      1,130 SF

      3191 Temple Ave Ste, Unit 120

      OFFICE BUILDING • 1,130 SF
      3191 Temple Ave Ste, Pomona, CA 91768-3296
      View Details
    • Value Estimation
      $13,000,000
      51,608 SF

      3179 Temple Ave

      OFFICE BUILDING • 51,608 SF
      3179 Temple Ave, Pomona, CA 91768-3241
      View Details
    • Value Estimation by Request
      1,048 SF

      211 Orange Grv Ave

      PROFESSIONAL BUILDING • 1,048 SF
      211 Orange Grv Ave, Pomona, CA 91768-1917
      View Details
    • Value Estimation
      $1,035,000
      4,832 SF

      600 Park Ave

      OFFICE BUILDING • 4,832 SF
      600 Park Ave, Pomona, CA 91768-3621
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Professional Office Building For Sale

      High-image office building with flexible floor plans and abundant parking.
      1740 Gillette Rd, Pomona, CA 91768
      View Details
    • Contact for pricing
      2,540 SF

      Pomona Triplex: Investment Opportunity

      Triplex in Pomona with remodeled units and income potential.
      291 W Artesia St, Pomona, CA 91768
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      50,050 SF

      Pomona Office Building For Lease

      Office building for lease in Pomona, California.
      931-941 Corporate Center Dr, Pomona, CA 91768
      View Details
    • Contact for pricing

      Corporate Center Office Building

      Fully leased office building in Corporate Center, Pomona.
      732 Corporate Center Dr, Pomona, CA 91768
      View Details
    • Contact for pricing

      Pomona Retail/Office Space Available

      Two 672 sq ft units available on Valley Blvd.
      2407 Valley Blvd, Pomona, CA 91768
      View Details
    • Contact for pricing
      1,244 SF

      Modern Office Suite Available

      Modern office suite for rent in Pomona, CA.
      3660 W Temple Ave, Pomona, CA 91768
      View Details
    • $950 /Mo

      Retail Units Near Downtown Pomona

      Retail units available for lease near downtown Pomona.
      1470 W Holt Ave, Pomona, CA 91768
      View Details
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    1196 Park Ave
    Pomona, CA 91768-3027
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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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