Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    985 2nd St Pomona, CA 91766-1414

    • Warehouses
    • 1,280 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    5.7%
    Warehouses
    Location Intelligence
    Property ID
    US09-7710777
    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

    • Warehouses

    Property Details for 985 2nd St

    Year built
    1987
    Lot size
    0.16 lot acres
    Property size
    1,280 SF
    Zone code
    POCIND*
    Property type
    Warehouses
    APN
    8342-002-023
    APU
    8342002023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $350,000
      6.5%
      $325,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $500,000
      Market price range: $154k - $501k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $270,000
      Current use
      MEDICAL BUILDING
      $580,000
      Change: +114% Conversion: Difficult
      OFFICE BUILDING
      $510,000
      Change: +89% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $475,000
      Change: +76% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $410,000
      Change: +51% Conversion: Easy
      RETAIL STORES
      $295,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Los Angeles
    State
    California
    Longitude
    -117.761
    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
    $7,947
    $488,580
    $138,720
    $627,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      0.44 Acres

      11044 Pipeline Ave

      MINI-WAREHOUSE, STORAGE • 0.44 Acres
      11044 Pipeline Ave, Pomona, CA 91766-2444
      View Details
    • Value Estimation
      $610,000
      16,695 SF

      1481 Grand Ave

      WAREHOUSE, STORAGE • 16,695 SF
      1481 Grand Ave, Pomona, CA 91766-3806
      View Details
    • Value Estimation
      $980,000
      150,166 SF

      2805 Reservoir St

      WAREHOUSE, STORAGE • 150,166 SF
      2805 Reservoir St, Pomona, CA 91766-6526
      View Details
    • Value Estimation
      $1,180,000
      98,094 SF

      1937 Msn Blvd

      WAREHOUSE, STORAGE • 98,094 SF
      1937 Msn Blvd, Pomona, CA 91766-1037
      View Details
    • Value Estimation
      $1,330,000
      749,184 SF

      1601 Msn Blvd

      WAREHOUSE, STORAGE • 749,184 SF
      1601 Msn Blvd, Pomona, CA 91766-1215
      View Details
    • Value Estimation by Request
      67,368 SF

      1250 Philadelphia St

      WAREHOUSE, STORAGE • 67,368 SF
      1250 Philadelphia St, Pomona, CA 91766-5535
      View Details

    Similar Nearby for Sale

    • $810,000
      3,660 SF

      Pomona Warehouse with Yard

      Industrial warehouse with yard area and central location.
      1193 W 2Nd St, Pomona, CA 91766
      View Details
    • $575,000
      1,800 SF

      Free Standing Warehouse Building

      Divisible 1,800 SF building with fenced, paved, secure lot.
      1169 E 4Th St, Pomona, CA 91766
      View Details
    • $1,819,400
      6,616 SF

      Pomona Warehouse with Secured Yard

      Two divisible buildings with excellent freeway access and secured yard.
      1266 W 1St St, Pomona, CA 91766
      View Details
    • $1,100,000
      5,000 SF

      Versatile Warehouse and Office Building

      Two-story warehouse and office building in Pomona, California.
      1056 W 1St St, Pomona, CA 91766
      View Details
    • $1,200,000

      Functional Warehouse Near Downtown Pomona

      3,016 SF warehouse with offices, convenient location.
      960 W 1St St, Pomona, CA 91766
      View Details
    • $2,400,000
      4,425 SF

      Industrial Trucking & Logistics Property

      Industrial property suitable for trucking, logistics, and secure yard use.
      1405-1419 E Mission Blvd, Pomona, CA 91766
      View Details

    Similar Nearby for Lease

    • $1.19 SF/Yr
      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
    • $1.19 SF/Yr
      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
    • $1.50 SF/Yr
      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
    • $1.20 SF/Yr
      1,308 SF

      Pomona Flex Space Available

      Multi-tenant building with small office, restroom, and gated access.
      1517-1539 E Grand Ave, Pomona, CA 91766
      View Details
    • $1.20 SF/Yr
      1,500 SF

      Pomona Flex Space Available

      Multi-tenant building with small office, restroom, and roll-up door.
      1543-1591 E Grand Ave, Pomona, CA 91766
      View Details
    • $1.00 SF/Yr
      182,275 SF

      Pomona Industrial Space Sublease

      Industrial space available for sublease in Pomona, California.
      159 N San Antonio 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.
    985 2nd St
    Pomona, CA 91766-1414
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.