Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2111 Garey Ave Pomona, CA 91767-2328
    Back to Search
    Property profile & analytics

    2111 Garey Ave, Pomona, CA 91767-2328

    View on Map
    • Medical Office Space
    • 11,987 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Mar 30, 2021
    $8,359,583
    Property ID
    US09-9182474
    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
    $8,390,000
    Show details
    Cap Rate Potential
    2.3%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • DaVita Pomona Dialysis / Medical Clinic
    • Dr. Samuel S. Liu, MD / Physician
    • Dr. Minna F. Huang, MD / Physician
    • AAMIR ZAIN JAMAL / Physician
    • KRISHI CHANDURI / Physician / Medical Clinic

    Property Details for 2111 Garey Ave

    Year built
    2010
    Construction
    TILT-UP CONCRETE
    Lot size
    0.85 lot acres
    Zone code
    POC2*
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    8371-018-043
    APU
    8371018043

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2021 $8,359,500 William P Yeager Cmj Remarc LP Grant Deed —
    Feb 21, 2013 $5,600,000 Cmj Remarc LP Pomona Medical Center LLC Grant Deed $3.6M · Grandpoint Bank
    May 8, 2008 — Pomona Medical Center LLC 1869 North Garey LLC Quit Claim Deed · related —
    — — Pomona Medical Center LLC — Deed Of Trust · related $250k · First Commerce Bank
    — — Pomona Medical Center LLC — Deed Of Trust · related $2.7M · First Commerce Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,335,000
      ML approach
      $8,510,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,888,000
      Market price range: $2.75M - $8.89M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,450,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $7,295,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.752
    Latitude
    34.0863
    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
    $109,761
    $6,579,489
    $2,291,147
    $8,870,636
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,335,000
      5,244 SF

      1874 Orange Grv Ave

      MEDICAL BUILDING
      1874 Orange Grv Ave, Pomona, CA 91767
      View Details
    • Value Estimation by Request
      1,317 SF

      1621 Garey Ave

      MEDICAL BUILDING
      1621 Garey Ave, Pomona, CA 91767-2911
      View Details
    • Value Estimation
      $545,000
      2,375 SF

      850 Indian Hl Blvd

      MEDICAL BUILDING
      850 Indian Hl Blvd, Pomona, CA 91767-5308
      View Details
    • Value Estimation by Request
      2,215 SF

      595 Columbia Ave

      MEDICAL BUILDING
      595 Columbia Ave, Pomona, CA 91767
      View Details
    • Value Estimation
      $695,000
      3,990 SF

      1980 Orange Grv Ave

      MEDICAL BUILDING
      1980 Orange Grv Ave, Pomona, CA 91767-3008
      View Details
    • Value Estimation by Request
      1,330 SF

      1574 Orange Grv Ave

      MEDICAL BUILDING
      1574 Orange Grv Ave, Pomona, CA 91767-3812
      View Details

    Similar Nearby for Sale

    • $1,395,000

      Turn-Key Medical Office in Pomona

      Stand-alone medical office building near Pomona Valley Hospital.
      2005 Garey Ave, Pomona, CA 91767
      View Details
    • Contact for pricing

      Claremont/Pomona Professional Centre For Sale

      Located at major intersection near I-210 freeway.
      1952 Indian Hill Blvd, Pomona, CA 91767
      View Details
    • Contact for pricing

      Industrial Facility in Pomona

      Freestanding industrial facility with lab, office, and warehouse space.
      2741 Thompson Creek Rd, Pomona, CA 91767
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Claremont Professional Centre Leasing Opportunity

      Professional center with medical, office, and retail leasing opportunities.
      1996 Indian Hill Blvd, Pomona, CA 91767
      View Details
    • Contact for pricing

      Claremont Professional Centre Leasing Opportunity

      Professional center with medical, office, and retail leasing opportunities.
      1978 Indian Hill Blvd, Pomona, CA 91767
      View Details
    • Contact for pricing

      Claremont Professional Centre Suites

      Professional suites available near Claremont and Pomona border.
      1956 Indian Hill Blvd, Pomona, CA 91767
      View Details
    • Contact for pricing

      Professional Centre Retail/Office Space

      Strategically located near I-210, suitable for medical, office, retail.
      1964 Indian Hill Blvd, Pomona, CA 91767
      View Details
    • $4,004 /Mo
      2,288 SF

      Pomona Commercial Office/Retail Building

      Freestanding commercial building for lease or sale in Pomona.
      1192 N Garey Ave, Pomona, CA 91767
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2111 Garey Ave
    Pomona, CA 91767-2328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2111 Garey Ave, Pomona, CA, 91767
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!