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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    345 Park Ave Pomona, CA 91768-3840

    • Office buildings
    • 525 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    3.3%
    Office buildings
    Location Intelligence
    Property ID
    US10-0142225
    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

    • Vero's Hair Salon Inc. / Beauty Salon

    Property Details for 345 Park Ave

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    525 SF
    Zone code
    POCIND*
    Property type
    Office buildings
    APN
    8340-029-024
    APU
    8340029024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $249,000
      Market price range: $112k - $250k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $180,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $320,000
      Change: +80% Conversion: Difficult
      MEDICAL BUILDING
      $240,000
      Change: +34% Conversion: Easy
      COMMERCIAL (GENERAL)
      $170,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $170,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.755
    Latitude
    34.0609
    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
    $2,347
    $126,543
    $36,694
    $163,237
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $475,000
      1,050 SF

      3191 Temple Ave Ste, Unit 265

      OFFICE BUILDING • 1,050 SF
      3191 Temple Ave Ste, Pomona, CA 91768-3290
      View Details
    • Value Estimation
      $425,000
      12,173 SF

      696 Holt Ave

      OFFICE BUILDING • 12,173 SF
      696 Holt Ave, Pomona, CA 91768-3515
      View Details
    • Value Estimation
      $385,000
      8,800 SF

      716 Corporate Ctr Dr

      OFFICE BUILDING • 8,800 SF
      716 Corporate Ctr Dr, Pomona, CA 91768-2652
      View Details
    • Value Estimation
      $27,160,000
      109,728 SF

      801 Corporate Ctr Dr

      OFFICE BUILDING (MULTI-STORY) • 109,728 SF
      801 Corporate Ctr Dr, Pomona, CA 91768-2628
      View Details
    • Value Estimation
      $295,000
      7,528 SF

      637 Park Ave

      OFFICE BUILDING • 7,528 SF
      637 Park Ave, Pomona, CA 91768-3622
      View Details
    • Value Estimation
      $335,000
      3,055 SF

      1774 Alameda St

      PROFESSIONAL BUILDING • 3,055 SF
      1774 Alameda St, Pomona, CA 91768-1727
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,056 SF

      Professional Office Building For Sale

      High-image office building with flexible floor plans and abundant parking.
      1740 Gillette Rd, Pomona, CA 91768
      View Details
    • $949,000

      Renovated Office Building with Yard

      Move-in ready office building with secure yard near freeways.
      1420 W Holt Ave, Pomona, CA 91768
      View Details
    • $1,580,000

      Industrial Building with Fenced Yard

      Well-maintained industrial building with office space and fenced yard.
      1976 W Holt Ave, Pomona, CA 91768
      View Details
    • $185,000
      1,015 SF

      Established Auto Repair Shop in Pomona

      Profitable Business, Prime Location, High Growth Area
      847 Gordon St, Pomona, CA 91768
      View Details
    • $4,000,000
      1 SF

      Pomona Land Opportunity

      Land available in Pomona, California.
      1940 W Holt Ave, Pomona, CA 91768
      View Details
    • $1,150,000

      Commercial Land Excellent Location

      Commercial land for sale in an excellent location.
      730 W Holt Ave, Pomona, CA 91768
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corporate Center Office Building

      Fully leased office building in Corporate Center, Pomona.
      732 Corporate Center Dr, Pomona, CA 91768
      View Details
    • $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
    • $1.50 SF/Yr
      3,269 SF

      Pomona Flex Space Available

      Flex space with office and warehouse components for lease.
      1995 West Holt Ave, Pomona, CA 91768
      View Details
    • $2,176 /Mo

      Medical Office Space Available

      Ground floor medical office with multiple exam rooms for rent.
      180 W Willow St, Pomona, CA 91768
      View Details
    • Contact for pricing
      2,188 SF

      Modern Office Suite For Rent

      Modern office suite available for rent.
      3670 W Temple Ave, Pomona, CA 91768
      View Details
    • $2 SF/Yr
      1,142 SF

      Pomona Office Condo For Rent

      First floor office condo with medical use allowed.
      3191 W Temple Ave, Pomona, CA 91768
      View Details
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    345 Park Ave
    Pomona, CA 91768-3840
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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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