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    1834 Route 66 E Glendora, CA 91740
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    Property profile & analytics

    1834 Route 66 E, Glendora, CA 91740

    View on Map
    • Community centers
    • 1,881 SF
    • 0.30 lot acres
    For Lease
    $625,000
    View Listing →
    Glendora Drive-Thru Restaurant Location For Lease
    $625,000

    Glendora Drive-Thru Restaurant Location

    Prime Glendora location suitable for drive-thru restaurant.

    1834 E Rte 66, Glendora, CA 91740
    View Listing
    Property ID
    US09-8344595
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Freddy's Steakburgers / Restaurant

    Property Details for 1834 Route 66 E

    Year built
    1978
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Zone code
    GDC_RT66SP
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    8654-003-007
    APU
    8654003007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2018 — Regal Asset Group LLC — Deed · related $18.5M · Grass Riv R/e Credit Ptrs Ln F
    Jan 2, 2014 — Regal Asset Group LLC Regal Group LLC Quit Claim Deed $16.5M · Bank Of America
    Mar 3, 2003 — California Market Holdings LLC Oleanders Capital Group LLC Grant Deed · related $5.7M · Nomura Credit & Capital INC
    — — Regal Asset Group LLC — Deed Of Trust · related $18.5M · Grass Riv R/e Credit Ptrs Ln F

    Description

    This exceptional 1,855-square-foot retail space is ideally situated at 1834 E Route 66 in Glendora, California, within Los Angeles County (zip code 91740). The property boasts a single-tenant occupancy, offering a blank canvas for a wide range of commercial ventures. The building's total square footage mirrors the vacant square footage, presenting a unique opportunity for immediate occupancy and customization. Ample parking is available, ensuring convenient access for customers and employees. This location benefits from its position in a prime Glendora area, further enhanced by its status as a drive-thru location. The property's classification is retail commercial, making it suitable for various businesses seeking high visibility and convenient access. The address is easily accessible from Route 66, a major thoroughfare, promising significant foot and vehicle traffic. This presents a compelling investment opportunity for businesses seeking a well-located, spacious, and readily available retail space in a thriving California community. The property is located at 34.1284578 latitude and -117.8297699 longitude. This is a single-tenant property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $685,000
      7%
      $635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendora
    County
    Los Angeles
    State
    California
    Longitude
    -117.83
    Latitude
    34.1283
    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
    $8,719
    $210,140
    $406,093
    $616,233
    -
    $0.00
    $0.00
    $0.00

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      Retail Space Available For Rent

      Retail space available for lease in Glendora, California.
      947 Route 66 E, Glendora, CA 91740
      View Details
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      Route 66 Commercial Storefront

      2000 SF storefront ideal for retail or automotive businesses.
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      Glendora Drive-Thru Restaurant Location

      Prime Glendora location suitable for drive-thru restaurant.
      1834 Route 66 E, Glendora, CA 91740
      View Details
    • Contact for pricing

      828 S Grand Ave, Glendora, CA 91740

      Retail space
      828 S Grand Ave, Glendora, CA 91740
      View Details
    View Listing
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    Glendora, CA 91740
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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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