Medical Office Building Near
1500 W West Covina Pkwy, West Covina, CA 91790
For Sale
$6,957,000
Standalone medical office near Interstate 10 and Emanate Health Hospital.
Property Size25,836 SF
Days on Market256
Property Features for 1500 W West Covina Pkwy
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates San Diego - Carlsbad
Listed By:
Ryan Bennett · License CA #01826517
(760) 519-0240
Source:
Lee-associates
Added: Mar 4
Changed: Nov 12
Last Checked: Nov 14 at 4:18AM
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 Lee & Associates San Diego - Carlsbad
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This standalone medical office building is located along West Covina Parkway, just off Interstate 10 at Exit 34. It is situated in the dense West Covina infill submarket, offering immediate proximity to Emanate Health Queen of the Valley Hospital and regional retail nodes.
Key Highlights
- Standalone medical office building
- Located along West Covina Parkway, just off Interstate 10 Exit 34
- Immediate proximity to Emanate Health Queen of the Valley Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$553,407
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,068,140
$11.1M
Cap Rate 7%
$7,905,814
$7.9M
Cap Rate 9%
$6,148,967
$6.1M
Market Conditions
NOI Build-Up for 25,836 SF
Gross rent
$868.1K $33.60/SF
− Vacancy
−$130.2K −$5.04/SF
EGI
$737.9K $28.56/SF
− OpEx
−$184.5K −$7.14/SF
NOI
$553.4K $21.42/SF
Area
West Covina, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,068,140
Cap Rate 7%
$7,905,814
Cap Rate 9%
$6,148,967
Alternative Uses
Best Use
Office B
$7.91M
$6.92M – $9.22M
NOI $553,407 @ 7.0% cap · market cap 7.95%
Second Best
Healthcare Medical
$5.98M
$5.23M – $6.98M
NOI $418,543 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$10.54M
$9.22M – $12.30M
NOI $737,876 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,169
Businesses Nearby
Under-served
Demand for This Use
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
$695,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Los Angeles County, CA
Properties on Market for Medical Office Space in Los Angeles County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Petco Vaccination Clinic — 1050 W Covina Pkwy, West Covina, CA 91790
- Vetco — 1050 W Covina Pkwy, West Covina, CA 91790
Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone medical office near Interstate 10 and Emanate Health Hospital.
Where is this medical office space located?
The property is located at 1500 W West Covina Pkwy West Covina, CA.
What is the asking price?
The asking price for this property is $6,957,000.
What are key features of this property?
This property features: Standalone medical office building; Located along West Covina Parkway, just off Interstate 10 Exit 34; Immediate proximity to Emanate Health Queen of the Valley Hospital
