Single-Tenant Retail/Industrial Flex
537 S Glendora Ave West Covina, CA 91790
For Sale
$2,595,000
Flex-use storefront/industrial building with direct access, roll-up loading door, and eight parking spaces.
Property Size15,442 SF
Lot Size0.47 Acres
Price / SF$168.05
Days on Market421
Property Features for 537 S Glendora Ave
General Information
- Standard status
- Active
- Size
- 15,442 SF
- Lot size
- 0.47 Acres
Listing Agency:
Douglas Elliman of Ca Inc
(626) 319-6927
Listed By:
Christian Stillmark · License #01920024
(626) 319-6927
Source:
Exprealty
Added: May 31, 2025
Changed: Jul 25
Last Checked: Jul 25 at 3:42AM
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 Douglas Elliman of Ca Inc
Investment Insights
Based on property information with market context.
This single-tenant flex building has been extensively improved since the previous tenant moved out, including new paint, new floor surfaces, new lighting, new ceiling panels, and removal of prior tenant equipment and installations. The property was previously used for dry cleaning and fabric restoration services, offering practical versatility for a range of commercial requirements. Built in 1960 and renovated in 1988 and 2005, it is zoned WCNC Commercial and can support a variety of retail and light industrial-style uses subject to tenant/buyer verification with the City.
The property is located at 537 S Glendora Ave in West Covina and features direct access from S. Glendora Ave with full driveway ingress and egress. It includes a roll-up door for loading and eight parking spaces to support customer and employee access.
The site comprises a building and an associated lot. Tenant/buyer to confirm and verify all information, including potential uses with the City, to satisfy themselves of applicable requirements.
The property is located at 537 S Glendora Ave in West Covina and features direct access from S. Glendora Ave with full driveway ingress and egress. It includes a roll-up door for loading and eight parking spaces to support customer and employee access.
The site comprises a building and an associated lot. Tenant/buyer to confirm and verify all information, including potential uses with the City, to satisfy themselves of applicable requirements.
Key Highlights
- Single‑tenant flex storefront/industrial building for lease or sale at 537 S Glendora Ave in West Covina
- ±15,442 SF building on ±20,439 SF lot; built in 1960 with renovations in 1988 and 2005
- Zoned WCNC Commercial, suitable for various uses (tenant/buyer to verify with the City); previously used as a dry cleaner and fabric restoration services
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $292.8k | $18.96 |
| − Vacancy | −$18.7k | −$1.21 |
| EGI | $274.0k | $17.75 |
| − OpEx | −$82.2k | −$5.32 |
| NOI | $191.8k | $12.42 |
15,442 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.58M
$4.88M – $6.51M
NOI $390,327 @ 7.0% cap · market cap 15.04%
Second Best
Industrial
$2.74M
$2.40M – $3.20M
NOI $191,830 @ 7.0% cap · market cap 7.39%
Theoretical Best
Multifamily LT 5
$312.85M
$273.74M – $364.99M
NOI $21,899,195 @ 7.0% cap · market cap 843.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
West Covina Cleaners
(Bike/Boat/Book/etc) Store
Discount Porta Potty ...
Building Supply
Similar Off Market Nearby
- caterer in west covina, ca — 437 S Glendora Ave, West Covina, CA 91790
- Helen's Kitchen — 116 N Vincent Ave, West Covina, CA 91790
- S’MOREOLOGY — 922 W Covina Pkwy, West Covina, CA 91790
FAQs
What type of property is this?
Flex space - Flex-use storefront/industrial building with direct access, roll-up loading door, and eight parking spaces.
Where is this flex space located?
The property is located at 537 S Glendora Ave West Covina, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Single‑tenant flex storefront/industrial building for lease or sale at 537 S Glendora Ave in West Covina; ±15,442 SF building on ±20,439 SF lot; built in 1960 with renovations in 1988 and 2005; Zoned WCNC Commercial, suitable for various uses (tenant/buyer to verify with the City); previously used as a dry cleaner and fabric restoration services
