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    1224 Franklin Ave Pomona, CA 91766-5449
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    1224 Franklin Ave Pomona, CA 91766-5449

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    • Manufacturing properties
    • 2,750 SF
    • 0.64 lot acres
    Off-Market
    Property ID
    US09-7734563
    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

    • Spee-D-Lunch Mobile Catering / Take-out & Catering / Catering Service
    • SoCalMex Bistro Tacos Catering / Take-out & Catering / Catering Service

    Property Details for 1224 Franklin Ave

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.64 lot acres
    Property size
    2,750 SF
    Zone code
    POM1*
    Property type
    Manufacturing properties
    APN
    8328-015-004
    APU
    8328015004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $575,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $319,000
      Market price range: $80.6k - $468k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $685,000
      Current use
      RETAIL STORES
      $630,000
      Change: -8% Conversion: Moderate
      WAREHOUSE, STORAGE
      $585,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.731
    Latitude
    34.0405
    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
    $5,668
    $229,376
    $132,794
    $362,170
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $18,855,000
      183,690 SF

      1345 Lexington Ave

      HEAVY MANUFACTURING • 183,690 SF
      1345 Lexington Ave, Pomona, CA 91766-5522
      View Details
    • Value Estimation
      $2,930,000
      30,708 SF

      1100 2nd St

      HEAVY MANUFACTURING • 30,708 SF
      1100 2nd St, Pomona, CA 91766-2114
      View Details
    • Value Estimation
      $4,600,000
      12,550 SF

      108 Pico St

      MANUFACTURING (LIGHT) • 12,550 SF
      108 Pico St, Pomona, CA 91766-2137
      View Details
    • Value Estimation
      $17,915,000
      44,248 SF

      1943 Msn Blvd

      MANUFACTURING (LIGHT) • 44,248 SF
      1943 Msn Blvd, Pomona, CA 91766-1037
      View Details
    • Value Estimation
      $1,425,000
      4,025 SF

      1480 3rd St

      MANUFACTURING (LIGHT) • 4,025 SF
      1480 3rd St, Pomona, CA 91766-2201
      View Details
    • Value Estimation
      $5,045,000
      32,504 SF

      1441 9th St

      MANUFACTURING (LIGHT) • 32,504 SF
      1441 9th St, Pomona, CA 91766-3834
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,900 SF

      Central Kitchen & Food Processing

      Renovated central kitchen with cold storage, ready for production.
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      356,756 SF

      Paved Truck and Trailer Yard

      8.19 acre truck yard with 5,500 SF office building.
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      3,660 SF

      Industrial Building in Pomona

      Freestanding industrial building with 400 Amps power.
      1193 W 2Nd St, Pomona, CA 91766
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    Similar Nearby for Lease

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      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
      9,076 SF

      Free Standing Warehouse in Pomona

      9,076 SF warehouse with 2,000 SF office space.
      2160 S Reservoir St, Pomona, CA 91766
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    • 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
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    • Contact for pricing
      Pending

      Pomona Warehouse Space Available

      Warehouse space available for rent in Pomona, California.
      1250 Philadelphia St, Pomona, CA 91766
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    • Contact for pricing
      43,493 SF

      Pomona Warehouse with Fenced Yard

      Industrial warehouse with offices and oversized fenced yard for lease.
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      View Details
    • Contact for pricing
      247,512 SF

      Pomona Warehouse with Secured Yard

      Sublease warehouse with offices, dock loading, and secured yard.
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      View Details
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    1224 Franklin Ave
    Pomona, CA 91766-5449
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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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