Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    259 E Workman St Covina Covina, CA 91723

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.83 SF/Yr

    Office space featuring multiple offices, restrooms, reception, and break area.

    Type:Office
    Property size:
    2 SF
    Added:
    Sep 10, 2025
    Days on Market:
    205
    Last Refresh:
    Apr 1 at 9:56 pm

    Property Features for 259 E Workman St Covina

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Office

    Building Details

    Year Built
    1964

    Spaces For Lease

    at 259 E Workman St Covina Contact us

    We can help!

    Listing Contact
    Brian Melkesian
    Brian Melkesian

    Listing agent Brian Melkesian License #CalDRE #01839590

    Listing office Lee & Associates

    Listing date Sep 10, 2025

    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

    Overview

    Covina Office Space Available

    This office space in Covina, California, features multiple offices, two restrooms, a reception area, and a break area. The property size is 2 square feet. It is located at 259 E Workman St, Covina, CA 91723.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Stirling Kurumada, ... Dental Office Arnold Dental Group Dental Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.894
    Latitude
    34.0756

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Covina, CA

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

      Covina Commercial Space For Lease

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

      Prime Retail Space in Covina

      Highly visible retail space with modern design and ample parking.
      139 - 141 E Badillo Street, Covina, CA 91723
      View Details
    • $2.00/mo

      Prime Covina Retail Opportunity

      Highly visible retail space with ample parking in Covina.
      139 - 145 E Badillo Street, Covina, CA 91723
      View Details
    • $1.75/mo

      Covina Office Space Available

      Office space with multiple offices, breakroom, and conference room.
      1126 N Grand Ave, Covina, CA 91724
      View Details
    • $2/mo

      Covina Professional Building For Sale

      Professional building with medical and dental use allowance, great access.
      1373 Center Court Drive, Covina, CA 91724
      View Details
    • $1.85/mo

      Multi-Tenant Building For Sale

      Multi-tenant building suitable for office or retail use.
      228-238 E Rowland St, Covina, CA
      View Details
    • $1.99/mo

      Professional/Medical Office Space Available

      Move-in ready office space with easy freeway access and ample parking.
      554 East San Bernardino Road, Covina, CA 91723
      View Details
    • $1.30/mo

      Industrial Storage Space Available

      3,000 SF warehouse space for storage in Covina.
      1238-1254 E Cypress St, Covina, CA
      View Details
    • $1.80/mo

      High-End Office Space Available

      High-end office space for rent.
      228 E Rowland St, Covina, CA 91723
      View Details
    • Contact for pricing

      Retail Space in Covina Center

      1,500 SF retail space in a high-traffic Covina strip center.
      128 E Arrow Hwy, Covina, CA, 91722-1819
      View Details
    • $1.59/mo

      Industrial Space in Covina Business Park

      Well-maintained industrial space for lease in Covina, California.
      1522 West Industrial Park Street Unit B, Covina, CA 91722
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring multiple offices, restrooms, reception, and break area.
    Where is this office units located?
    The property is located at 259 E Workman St Covina Covina, CA.
    What is the lease rate?
    The lease rate is $1.83 SF/Yr.
    What are key features of this property?
    This property features: Multiple offices provide flexible workspace solutions.; Features 2 restrooms.; Welcoming reception area for clients and guests.
    (909) 373-2943
    We can help!
    Listing Contact
    Brian Melkesian
    Brian Melkesian
    Real Estate License ID: CalDRE #01839590
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!