Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    246 Towne Ave Pomona, CA 91766-2015

    • Turn key restaurants
    • 1,170 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0142341
    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

    • Bionicos Fruitilicious / Restaurant

    Property Details for 246 Towne Ave

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    1,170 SF
    Zone code
    POC4*
    Property type
    Turn key restaurants
    APN
    8335-003-047
    APU
    8335003047

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.741
    Latitude
    34.0578
    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
    $6,706
    $250,320
    $128,573
    $378,893
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,665 SF

      728 Msn Blvd

      RESTAURANT • 2,665 SF
      728 Msn Blvd, Pomona, CA 91766-2040
      View Details
    • Value Estimation
      $2,100,000
      5,790 SF

      1338 Garey Ave

      RESTAURANT • 5,790 SF
      1338 Garey Ave, Pomona, CA 91766-4416
      View Details
    • Value Estimation
      $1,410,000
      11,362 SF

      2037 Rancho Vly Dr

      RESTAURANT • 11,362 SF
      2037 Rancho Vly Dr, Pomona, CA 91766-7103
      View Details
    • Value Estimation by Request
      1,854 SF

      1047 2nd St

      RESTAURANT • 1,854 SF
      1047 2nd St, Pomona, CA 91766-2111
      View Details
    • Value Estimation by Request
      2,400 SF

      975 Msn Blvd

      RESTAURANT • 2,400 SF
      975 Msn Blvd, Pomona, CA 91766
      View Details
    • Value Estimation by Request
      1,488 SF

      1190 Msn Blvd

      RESTAURANT • 1,488 SF
      1190 Msn Blvd, Pomona, CA 91766-2128
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      992 SF

      Drive-Through Building For Sale

      992 SF drive-through building available for purchase.
      1105 W Mission Blvd, Pomona, CA 91766
      View Details
    • $2,199,000
      1,168 SF

      Pomona Commercial Building and Land

      Commercial building with land in Pomona's midtown segment area.
      1057 E Mission Blvd, 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
    • $75,000
      1,029 SF

      Established Salon Business Opportunity

      Thriving salon business for sale in Pomona, California.
      18 Rancho Camino Dr, 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

    Similar Nearby for Lease

    • $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
    • $1.50 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
    • Contact for pricing
      71,522 SF

      Pomona Warehouse with Expansion Potential

      Multi-tenant warehouse with office space, yard, and freeway access.
      1350 E Lexington Ave, Pomona, CA 91766
      View Details
    • Contact for pricing
      7,800 SF

      Free Standing Pomona Warehouse

      Free standing building in downtown Pomona with ample parking.
      501 W 2Nd St, Pomona, CA 91766
      View Details
    • Sponsored
      Contact for pricing

      CA, Pomona - Rancho Camino Dr

      Discover many ways to work your way in San Antonio Airport
      21 Rancho Camino Dr, Pomona, CA 91766
      View Details
    • Contact for pricing
      33,800 SF

      Pomona Warehouse with Fenced Yard

      Multi-tenant warehouse with office, dock high spots, and yard.
      1395 E Lexington Ave, Pomona, CA 91766
      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.
    246 Towne Ave
    Pomona, CA 91766-2015
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!