Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    724 N Barranca Unit B Ave Covina, CA 91723

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,100 /Mo

    Bright office space with reserved parking in a professional complex.

    Lot size:
    0.28 Acres

    Property Features for 724 N Barranca Unit B Ave

    General Information

    Lot size
    0.28 Acres

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Stacy Rich Kozak
    Source: Elliman

    Listing Agent: Stacy Rich Kozak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Functional Office Suite in Covina

    This functional office suite is located in Covina, within a professional complex. The office features a private office area and large windows that provide natural light. Heating and air conditioning are included. The suite provides access to two onsite shared bathrooms. Two reserved parking spaces are included in the lease. The location offers easy access to main roads and nearby services. It is suitable for small businesses, solo professionals, or satellite teams seeking a quiet and accessible location.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.887
    Latitude
    34.0843

    Nearby Similar for Lease

    • $1,600 /Mo
      3,640 SF

      Retail Space in Covina, CA

      Retail space available in Covina with open floor plan.
      278 E Rowland St, Covina, CA 91723
      View Details
    • Contact for pricing
      3,360 SF

      Covina Commercial Space For Lease

      Corner lot building, newly renovated, suitable for office or church.
      716 N Citrus Ave, Covina, CA 91723
      View Details
    • $2.00 SF/Yr
      4,200 SF

      Prime Covina Retail Opportunity

      Highly visible retail space with ample parking in Covina.
      139 E Badillo St, Covina, CA 91723
      View Details
    • $3,950 /Mo

      Energy-Efficient Home in Covina

      Newer home near colleges, freeways, and downtown Covina.
      1139 Orch, Covina, CA 91722
      View Details
    • Contact for pricing

      Turnkey Restaurant & Bar Space

      Ready-to-operate restaurant and bar with minimal build-out costs.
      975 W San Bernardino Rd, Covina, CA 91722
      View Details
    • $2,090 /Mo

      Office Suites Near Freeway

      Four office suites available for lease near the ten freeway.
      669 S 2Nd Ave, Covina, CA 91723
      View Details
    • $18 SF/Yr
      14,240 SF

      Starlite Plaza: Covina Office Suites

      Prime Covina Office & Retail Space Available
      1011 Azusa Ave, Covina, CA 91722
      View Details
    • $1,889 /Mo

      Downtown Covina Office Space Available

      Renovated office space with high ceilings in downtown Covina.
      211 N Citrus Ave, Covina, CA 91723
      View Details
    • $2,160 /Mo

      Downtown Covina Office Space

      Renovated office space in a vibrant downtown location.
      211 N Citrus 217-D, Covina, CA 91723
      View Details
    • $952 /Mo

      Downtown Covina Office Space Available

      1,632 SF office space in Covina's downtown corridor.
      102 E Badillo 102, Covina, CA 91723
      View Details
    • $18 SF/Yr
      62,000 SF

      Covina Industrial Park: Prime Space Available

      Flexible Industrial Space, Newly Renovated
      545 Edna Pl, Covina, CA 91723
      View Details
    • $21 SF/Yr
      32,000 SF

      Covina Office Building: 32,000 SF

      Prime Covina office space, flexible layouts.
      1373 Center Court Dr, Covina, CA 91724
      View Details

    FAQs

    What type of property is this?
    Office space - Bright office space with reserved parking in a professional complex.
    Where is this office space located?
    The property is located at 724 N Barranca Unit B Ave Covina, CA.
    What are key features of this property?
    This property features: - One month free rent and half off the second month.; - Two reserved parking spaces included in the lease.; - **Private office area within a professional complex.**
    (909) 971-4557
    Request Owner's contact information
    724 N Barranca Unit B Ave Covina, CA 91723
    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.
    724 N Barranca Unit B Ave
    Covina, CA 91723
    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
    724 N Barranca Unit B Ave Covina, CA 91723
    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

    We can help!
    Listing Contact
    Stacy Rich Kozak
    Real Estate License ID: DRE #02089044
    (909) 971-4557
    Learn more
    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.