Industrial Warehouse with
For Sale
Contact for pricing
1773 W San Bernardino Rd Bldg B, West Covina, CA 91790
Industrial warehouse space with racks and freezer available for sale, with an option for owner lease-back up to three years.
Property Size1,960 SF
Price / SF$438.78
Days on Market621
Property Features for 1773 W San Bernardino Rd Bldg B
General Information
Standard status
Active
Size
1,960 SF
Property subtype
INDUSTRIAL
Listing Agency:
Harvest Realty Development
(626) 593-7456
Listed By:
Ryan Jahn
(213) 999-4150
Source:
Moodyscre
Added: Jan 9, 2025
Changed: Sep 4
Last Checked: Sep 22 at 7:19PM
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 Harvest Realty Development
Investment Insights
Based on property information with market context.
This offering includes 1,960 square feet of industrial space in West Covina (Bldg B), with racks available and freezer space available. The property is presented as an owner-use and investment opportunity, with the owner able to lease back for as long as three years.
The address is 1773 W San Bernardino Rd, Bldg B, West Covina, CA 91790. HOA dues are listed at $150 per month.
The space is specifically configured to support industrial storage and temperature-controlled operations, supported by the included rack and freezer availability.
The address is 1773 W San Bernardino Rd, Bldg B, West Covina, CA 91790. HOA dues are listed at $150 per month.
The space is specifically configured to support industrial storage and temperature-controlled operations, supported by the included rack and freezer availability.
Key Highlights
- 1,960 SF industrial space available in West Covina
- Includes racks and freezer availability
- Owner can lease back for up to 3 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,566
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,320
$591.3K
Cap Rate 7%
$422,371
$422.4K
Cap Rate 9%
$328,511
$328.5K
Market Conditions
NOI Build-Up for 1,960 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.2K $18.96/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$34.8K $17.75/SF
− OpEx
−$5.2K −$2.66/SF
NOI
$29.6K $15.08/SF
Area
West Covina, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,320
Cap Rate 7%
$422,371
Cap Rate 9%
$328,511
Alternative Uses
Best Use
Warehouse
$422.4K
$369.6K – $492.8K
NOI $29,566 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$39.71M
$34.74M – $46.33M
NOI $2,779,590 @ 7.0% cap · market cap 323.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 91790, CA
46,364
Population
13,318
Households
3.5
Avg Household Size
39
Median Age
23%
College-Educated
83%
High-School Grad
5.8 sq mi
ZIP Area
7,994
Density / Sq Mi
$100,142
Median Household Income
$42,958
Median Earnings
$2,253
Median Rent
$695,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Industrial warehouse space with racks and freezer available for sale, with an option for owner lease-back up to three years.
Where is this refrigerated & cold storage located?
The property is located at 1773 W San Bernardino Rd Bldg B West Covina, CA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 1,960 SF industrial space available in West Covina; Includes racks and freezer availability; Owner can lease back for up to 3 years
