Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Covina Office/Retail Stand Alone Building Title is generated by Realmo AI

    650 Shoppers Ln, Covina, CA 91723

    View on Map
    Claim this Listing
    For Lease
    $6,400/Mo $32 SF/Yr (calc)

    2,340 SF office/retail building in Covina's Shoppers Lane.

    Type:Commercial
    Property size:
    2,340 SF
    Added:
    May 19, 2026
    Days on Market:
    12
    Last Refresh:
    May 19 at 9:56 am

    Property Features for 650 Shoppers Ln

    General Information

    Standard status
    Active
    Size
    2,340 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Pablo Pomes

    Listing agent Pablo Pomes License #02223370

    Listing office Provenio Realty and Investment

    Listing date May 19, 2026

    Source Elliman

    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 Provenio Realty and Investment

    HighLights

    • Prime location in Covina's Shoppers Lane with high visibility and foot traffic
    • Versatile C‑3A zoning allows for a wide range of business uses (administrative, medical, retail)
    • Stand‑alone building with 6 private offices, 2 bathrooms, and a large break room
    • Executive office with built‑in desk/shelving, private bathroom, and separate exit
    • Convenient access with rear parking and public parking available
    • Close proximity to the 10 FWY and Citrus Avenue, ensuring easy accessibility and high traffic

    Overview

    Located in Covina's Shoppers Lane, this 2,340 square foot stand-alone building is suitable for administrative, professional, medical, or retail use. The property features a well-designed layout with 6 private offices, 2 bathrooms, and a large break room, with updated baseboards throughout. A private entrance leads to a large reception area and a hallway accessing each office. The large executive rear office includes a built-in desk and shelf design, a private bathroom, and an exit door. The property benefits from high visibility and is surrounded by local businesses such as Fonda Don Chon, Old World Deli, Georgia’s, and Pouryou coffee. Rear parking is available, along with public parking directly across from the property. Zoned General Commercial C-3A (PCD), the property allows for many types of business uses. The location is just north of the 10 FWY and off Citrus Avenue. The property has a walk score of 74, a bike score of 48, and a transit score of 39.
    Location Intelligence

    Current Use by Public Records

    Colwell Gerald T ... Accounting Firm Colwell Downing Certified ... Accounting Firm

    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
    -117.8880915
    Latitude
    34.0777981

    Nearby Similar for Lease

    • $6,400/Mo
      2,340 SF

      Covina Office Space For Lease

      2,340 square foot office space in Covina's Shoppers Lane.
      650 Shoppers Lane, Covina, CA 91723
      View Details
    • $500/Mo
      228 SF

      Covina Office Space For Lease

      Office space for lease in high-traffic Covina location.
      426 N Barranca, Covina, CA 91723
      View Details
    • $1,400/Mo
      2,800 SF

      Covina Retail/Office Space Available

      Retail/Office space in Covina, CA, with easy freeway access.
      336 E Rowland Street, Covina, CA 91723
      View Details
    • $2,670/Mo
      1,500 SF

      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
    • $1,400/Mo
      800 SF

      Covina Retail/Office Space Available

      Retail/office space in Covina with easy freeway access.
      336 E Rowland St, Covina, CA 91723
      View Details
    • $2 SF/Yr
      32,000 SF

      Covina Professional Building For Sale

      Professional building with medical and dental use allowance, great access.
      1373 Center Court Drive, Covina, CA 91724
      View Details
    • $1.95 SF/Yr
      11,256 SF

      West Covina Office Space Available

      Centrally located office space with convenient freeway access.
      1000 Lakes Drive South, West Covina, CA 91790
      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
    • $1.85 SF/Yr
      6,748 SF

      Multi-Tenant Building For Sale

      Multi-tenant building suitable for office or retail use.
      228-238 E Rowland St, Covina, CA
      View Details
    • $1.50 SF/Yr
      2,730 SF

      Renovated Retail Space Available

      Community shopping center space for lease in Covina.
      139 North Grand Avenue, 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
    • $2,160/Mo
      1,309 SF

      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?
    Office units - 2,340 SF office/retail building in Covina's Shoppers Lane.
    Where is this office units located?
    The property is located at 650 Shoppers Ln Covina, CA.
    What is the lease rate?
    The lease rate is $6,400 /Mo.
    What are key features of this property?
    This property features: Prime location in Covina's Shoppers Lane with high visibility and foot traffic; Versatile C‑3A zoning allows for a wide range of business uses (administrative, medical, retail); Stand‑alone building with 6 private offices, 2 bathrooms, and a large break room
    (626) 823-5654
    We can help!
    Listing Contact
    Pablo Pomes
    Real Estate License ID: 02223370
    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
    650 Shoppers Ln, 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!