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    West Covina Office Building Title is generated by Realmo AI

    1501-1521 W Cameron Ave, West Covina, CA 91790

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    For Lease
    $2 SF/Yr $20,725/Mo (calc)

    Office buildings in West Covina's Civic Center near Plaza Mall.

    Type:Office
    Property size:
    118,433 SF
    Added:
    Jan 26, 2026
    Days on Market:
    111
    Last Refresh:
    Apr 5 at 9:46 pm

    Property Features for 1501-1521 W Cameron Ave

    General Information

    Standard status
    Active
    Size
    118,433 SF
    Property subtype
    Office

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 1501-1521 W Cameron Ave Contact us

    We can help!

    Listing Contact
    Vincent Molitor
    Vincent Molitor

    Listing agent Vincent Molitor License #CalDRE #01295360

    Listing office Lee & Associates - Pasadena

    Listing date Jan 26, 2026

    Source Lee-associates

    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 - Pasadena

    HighLights

    • Prime Medical Corridor Location: Centralized location near major medical facilities including Kaiser Permanente and Emanate Queen of the Valley Hospital.
    • Excellent Freeway Access: Immediate access to the 10 freeway.
    • Strong Demographics: Located in West Covina with a strong population base and high average household income.
    • Ample Free Parking: Offers ample, free surface parking.
    • Proximity to Civic Center: Located near the Superior Court House, Police Station, Library & Plaza Mall.
    • Professionally Managed: Property is professionally managed.

    Overview

    Located in West Covina, California, this property is suited for medical and office use. The City of West Covina is 16 square miles and located in the eastern San Gabriel Valley of Los Angeles County, California. Its central location to Downtown Los Angeles, San Bernardino and Orange Counties makes it ideal with easy transportation access throughout Southern California. It is easily accessible from the 10, 60, 605, 210 and 57 freeways. The property benefits from a strong population base of 102,512 residents with a high average household income exceeding $98,000. Major retail centers include the Eastland Shopping Center with 911,095 square feet of retail space and 34 stores, and Plaza West Covina, a regional shopping center with over 1.2 million square feet of retail space and 155 stores. The location is centralized for West Covina’s major medical facilities, including Kaiser Permanente and Emanate Queen of the Valley Hospital, as well as two healthcare professionals medical campuses, North-West College and UEI College. The property is served by two Metrolink train stations in the nearby cities of Covina and Baldwin Park, providing daily light-rail commuter train service between residential and major commercial areas with Los Angeles, Riverside, San Bernardino and Ventura Counties. The property consists of 4 office buildings surrounding an interior courtyard. It features ample, free surface parking, professional management, elevator service, and common area restrooms. Immediate 10 freeway access and easy connection to the 57, 60, 210 & 605 freeways are available. It is located in West Covina’s Civic Center near the Superior Court House, Police Station, Library & Plaza Mall. The property size is 118433 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    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
    -117.941
    Latitude
    34.0688

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    FAQs

    What type of property is this?
    Office building - Office buildings in West Covina's Civic Center near Plaza Mall.
    Where is this office building located?
    The property is located at 1501-1521 W Cameron Ave West Covina, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Prime Medical Corridor Location: Centralized location near major medical facilities including Kaiser Permanente and Emanate Queen of the Valley Hospital.; Excellent Freeway Access: Immediate access to the 10 freeway.; Strong Demographics: Located in West Covina with a strong population base and high average household income.
    (626) 240-2787
    We can help!
    Listing Contact
    Vincent Molitor
    Vincent Molitor
    Real Estate License ID: CalDRE #01295360
    Learn More
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    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
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