2218 Garey AvePomona, CA 91766

Property Details for 2218 Garey Ave

Year built

1990

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

22,262 SF

Zone code

POR3*

Property type

Retail properties

Property subtype

Retail space

APN

8331-010-044

APU

8331010044

Description

This ±1,980 square foot retail space is situated in a bustling shopping center at the signalized intersection of Garey Ave. and Olive St. in Los Angeles County. The space is a second-generation, fully built-out office space, including a breakroom, ready for immediate occupancy. The center boasts a strong tenant mix, including Pizza Hut, Prime Time Nutrition, a dental office, pharmacy, health clinic, donut shop, Mexican restaurant, pho restaurant, and a chiropractor. Benefit from excellent visibility to approximately 26,200 cars daily on South Garey Ave., with convenient access via three ingress and egress points. The location offers exceptional demographics, with over 157,000 people residing within a three-mile radius, boasting average incomes exceeding $113,000. The property's strategic location near the 60 and 71 freeways provides easy access for customers and employees. The surrounding area features major shopping centers anchored by Cardenas, Food 4 Less, Home Depot, Target, and WinCo, creating a high-traffic environment. Nearby traffic generators include Garey High School, the Pomona DMV, and five elementary schools, further enhancing the location's appeal. The total building size is 34,497 square feet, with this space representing a significant opportunity within a thriving retail environment. APN: 8331-101-041.

• CAP approach

  CAP return

  Valuation

  6%

  $8,150,661

  6.5%

  $7,523,687

  7%

  $6,986,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,511,830

  Geo Method

  $10,894,106

• Alternative Use

  Use

  Valuation

  Residential

  $6,346,512

  Hospitality

  $5,813,370

  Educational

  $4,836,656

  Medical

  $5,002,996

  Retail

  $7,523,687

Location Insight

City

Pomona

County

Los Angeles

State

California

Latitude

34.0307

Longitude

-117.749

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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