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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Parking lots & garages
887 2nd St Pomona, CA 91766-2009
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8291185
Property summary
AI-generated overview
This exceptional Class A medical office building, totaling 27,000 square feet, is situated on a 0.72-acre lot at 887 E 2nd St, Pomona, CA 91766, near Western University. Built in 1958 and featuring a two-story design, the property boasts 58 parking spaces, a significant advantage given its location. Currently fully occupied, this multi-tenant building offers a spacious layout with multiple private offices and exam rooms, designed for efficiency and patient comfort. Modern amenities include restrooms, waiting areas, and ample storage. The building is ready for immediate occupancy, with customization options available. Its prime location offers easy access to major highways and public transportation, situated in a bustling area with high foot traffic, surrounded by residential neighborhoods, shops, and eateries. The IX1 zoning allows for healthcare and related services, presenting opportunities for expansion or collaboration. This property presents a unique opportunity to acquire a well-established medical office building in a thriving community. The APN is 8335-003-041. The cross street is Towne Ave.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Total area
12,600 SF
Lot
0.3 ac (12,984 SF)
Zoning code
POC4
APN
8335-003-054
UPID
US09-8291185
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Urmila M. Patel, MD Pediatrician Medical Clinic
-
Mehul S Md Sonawala Physician
-
Hedingham Waste Disposal General Contractor Waste Management Facility
-
Harrowdens Carpet Installation General Contractor Carpet & Flooring Store
-
Gushansky Larissa DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Palm Garden Venture LLC · 1 yrs held
Palm Garden Venture LLC
since 2024
Last sale
$1.8M
1 recorded transaction
Zoning & alternative use
POC4 · Pomona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pomona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pomona submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,750,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,355,000
Current use
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.75M (Sep 10 2024)
Last sale anchor
$1.75M
Sep 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,533
Tax year 2024
Assessed value
$171,532
Assessed 2024
Previous assessed
$171,532
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$163,375
Assessed improvement
$8,157
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Total area
12,600 SF
Lot
0.3 ac (12,984 SF)
Zoning code
POC4
APN
8335-003-054
UPID
US09-8291185
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
POC4 · Pomona, CA
Zoning POC4 · permitted uses
POC4 · Pomona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pomona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.4M
PARKING LOT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
0.3 ac
Current owner
From public records · entity-resolved
Palm Garden Venture LLC
Entity
Mailing address
3615 E WALNUT AVE, CHINO, CA 91710-2904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$1,750,000
Palm Garden Venture LLC
Molina Healthcare INC
Grant Deed
$1,487,500 · Bank Of America NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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