Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in West Covina Title is generated by Realmo AI

    1209 Plaza Dr, West Covina, CA 91790

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-story retail space with freeway visibility in West Covina.

    Type:Retail
    Added:
    May 25, 2023
    Days on Market:
    1096
    Last Refresh:
    Mar 16 at 10:25 am

    Property Features for 1209 Plaza Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1209 Plaza Dr Contact us

    First Floor $1.50/Mo

    Size
    51,604 SF
    Type
    Retail
    Contact us

    Second Floor $1.50/Mo

    Size
    41,075 SF
    Type
    Retail
    Contact us

    Third Floor $1.50/Mo

    Size
    41,075 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Mark Hong

    Listing agent Mark Hong License #CA

    Listing office Korus Real Estate

    Listing date May 25, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Korus Real Estate

    HighLights

    • Freeway visibility
    • Large retail box
    • Multi‑story building
    • Part of the Plaza at West Covina

    Overview

    This multi-story retail space is part of the Plaza at West Covina and offers freeway visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cole Vision Corporation Ophthalmologist Thu a Trang OD Physician Yuson Lee, OD Physician Sears Appliance Repair Home Appliance Store Kiet Bui Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.928474
    Latitude
    34.070162

    Nearby Similar for Lease

    • Sponsored
      $129-$6,156/Mo
      11-1,292 SF

      West Covina

      1050 Lakes Dr, Unit STE 225 & 250, West Covina, CA 91790
      View Details
    • $7,200/Mo
      3,365 SF

      Retail Space in Busy Center

      3,365 SF retail space in high-traffic shopping center.
      1523 E Amar Rd, West Covina, CA 91792
      View Details
    • $2 SF/Yr
      118,433 SF

      West Covina Office Building

      Office buildings in West Covina's Civic Center near Plaza Mall.
      1501-1521 W Cameron Ave, West Covina, CA 91790
      View Details
    • $1.95 SF/Yr
      11,256 SF

      West Covina Office Space Available

      Centrally located office space with convenient freeway access.
      1000 Lakes Drive South, West Covina, CA 91790
      View Details
    • $2 SF/Yr
      10,610 SF

      West Covina Office Space Available

      Third-floor office space available for lease in West Covina.
      1501 W Cameron Ave, West Covina, CA
      View Details
    • $1.98 SF/Yr
      900 SF

      West Covina Office Sublease

      900 SF office space available for sublease until 6/30/27.
      1218 South Glendora Avenue, West Covina, CA 91790
      View Details
    • Contact for pricing
      190,000 SF

      Class A Office Space Available

      High-image Class A office space for rent in West Covina.
      1050 Lakes Drive, West Covina, CA 91790
      View Details
    • $1.75 SF/Yr
      947 SF

      West Covina Office Space Available

      Office space for rent featuring open workspace and offices.
      1901 W Pacific Ave, West Covina, CA
      View Details
    • Contact for pricing
      1,970 SF

      Industrial Building Near Freeways

      Industrial building with high ceilings and ground level door.
      1773 W. San Bernardino Rd. #81, West Covina, CA, 91790
      View Details
    • Contact for pricing

      Remodeled Office Complex For Lease

      Seven-building office complex, recently remodeled, suitable for office or medical use.
      1700-1760 W Cameron Ave, West Covina, CA 91790
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in West Covina, currently 100% leased.
      616 N Azusa Ave, West Covina, CA
      View Details
    • $2,885/Mo
      1,518 SF

      West Covina Office/Medical Space

      West Covina office/medical office space for lease near freeways.
      1543 W Garvey Avenue, West Covina, CA 91790
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-story retail space with freeway visibility in West Covina.
    Where is this retail space located?
    The property is located at 1209 Plaza Dr West Covina, CA.
    What are key features of this property?
    This property features: Freeway visibility; Large retail box; Multi‑story building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mark Hong
    Real Estate License ID: CA
    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.
    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

    Thank You for Inquiry
    1209 Plaza Dr, West Covina, CA 91790
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!