Covina Medical/Dental Office
For Sale
Contact for pricing
1373 Center Ct Dr, Covina, CA 91724
Medical and dental use allowed, great owner user opportunity.
Property Size32,000 SF
Price / SF$278.13
Days on Market1221
Property Features for 1373 Center Ct Dr
General Information
Standard status
Active
Size
32,000 SF
Class
B
Property subtype
Office
Zoning
CP
Investment Type
Owner/User
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
Lee & Associates - Pasadena
Listed By:
Christopher Larimore · License #01314464
(626) 240-2788
Source:
Crexi
Added: Jun 12, 2023
Changed: Oct 5
Last Checked: Oct 12 at 7:22PM
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
Investment Insights
Based on property information with market context.
This commercial property in Covina, California, presents a great opportunity for an owner-user, particularly those in the medical or dental fields, as medical and dental uses are explicitly allowed. The property offers a total size of 32000 square feet.
Key Highlights
- Great owner user opportunity
- Medical and dental use allowed
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$699,494
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,989,880
$14.0M
Cap Rate 7%
$9,992,771
$10.0M
Cap Rate 9%
$7,772,156
$7.8M
Market Conditions
NOI Build-Up for 32,000 SF
Gross rent
$1.23M $38.40/SF
− Vacancy
−$296.1K −$9.25/SF
EGI
$932.7K $29.15/SF
− OpEx
−$233.2K −$7.29/SF
NOI
$699.5K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,989,880
Cap Rate 7%
$9,992,771
Cap Rate 9%
$7,772,156
Alternative Uses
Best Use
Office B
$9.99M
$8.74M – $11.66M
NOI $699,494 @ 7.0% cap · market cap 7.86%
Second Best
Healthcare Medical
$8.67M
$7.59M – $10.11M
NOI $606,846 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$17.13M
$14.99M – $19.99M
NOI $1,199,287 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91724, CA
27,180
Population
9,372
Households
2.9
Avg Household Size
41
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,384
Density / Sq Mi
$102,129
Median Household Income
$49,276
Median Earnings
$2,056
Median Rent
$722,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical and dental use allowed, great owner user opportunity.
Where is this medical office space located?
The property is located at 1373 Center Ct Dr Covina, CA.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Great owner user opportunity; Medical and dental use allowed; Built in 1979
