Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    278 E Rowland Covina, CA 91723

    View on Map
    Claim this Listing
    For Lease
    $1,600/Mo $21 SF/Yr (calc)

    Commercial Lease - Covina, CA

    Property size:
    910 SF
    Added:
    Dec 2, 2025
    Days on Market:
    156
    Last Refresh:
    May 7 at 10:06 am

    Property Features for 278 E Rowland

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    8451007028
    Size
    910 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Architectural style
    Other

    We can help!

    Listing Contact
    Sylvia Luong

    Listing agent Sylvia Luong License #01390972

    Listing office IRN Realty 556 Las Tunas Dr. # 101, Arcadia, CA

    Listing date Dec 2, 2025

    MLS# WS25268667 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great location with easy access to I‑10 & I‑210 Freeways, Eastland Center, Downtown and Metro Rail.
    • Open floor plan with 900 sq ft (+/-) of space.
    • Modified Gross Lease.
    • Plenty of parking spaces in the rear of the building.
    • Currently used as a hair salon.
    • Central Air Conditioning.

    Overview

    Covina Retail Space Available

    This commercial space is available for lease in Covina, California. The unit offers approximately 900 square feet of space with an open floor plan and one bathroom. The lease is modified gross. The space is currently used as a hair salon. Parking is available in the rear of the building. The property is located with easy access to I-10 and I-210 Freeways, Eastland Center, Downtown, and the Metro Rail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mamacita Aesthetics Hair Salon MANE Soul Hair Salon The Artistic Layer Hair ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency 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
    -117.8858663
    Latitude
    34.078577

    Nearby Similar for Lease

    • $2,500/Mo

      Prime Retail Space in Covina

      950+ sqft retail space in Downtown Covina for lease.
      143 S Citrus Avenue, Covina, CA 91723
      View Details
    • $500/Mo

      Covina Office Space For Lease

      Office space for lease in high-traffic Covina location.
      426 N Barranca, Covina, CA 91723
      View Details
    • Contact for pricing

      Retail Space in Covina Center

      1,500 SF retail space in a high-traffic strip center.
      128 E Arrow Hwy, Covina, CA 91722
      View Details
    • $817/Mo

      Refreshed Office Space Near Downtown

      Recently updated office space with excellent parking and natural light.
      521 E Rowland St 204, 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 SF/Yr

      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 SF/Yr

      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 SF/Yr

      Covina Office Space Available

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

      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 SF/Yr

      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 SF/Yr

      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
    • $2,160/Mo

      Downtown Covina Office Space

      Renovated office space in a vibrant downtown location.
      211 North Citrus Avenue, Unit 217D, Covina, CA 91723
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with open floor plan in Covina, CA.
    Where is this retail space located?
    The property is located at 278 E Rowland Covina, CA.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Great location with easy access to I‑10 & I‑210 Freeways, Eastland Center, Downtown and Metro Rail.; Open floor plan with 900 sq ft (+/-) of space.; Modified Gross Lease.
    (626) 807-1509
    We can help!
    Listing Contact
    Sylvia Luong
    Real Estate License ID: 01390972
    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

    Thank You for Inquiry
    278 E Rowland, Covina, CA 91723
    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!