Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Covina Industrial Space For Lease Title is generated by Realmo AI

    545 E Edna Pl, Covina, CA 91723

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Industrial space available for lease in Covina Business Park.

    Type:Industrial
    Property size:
    10,000 SF
    Lot size:
    3.50 Acres
    Added:
    Sep 23, 2022
    Days on Market:
    1352
    Last Refresh:
    May 12 at 9:35 pm

    Property Features for 545 E Edna Pl

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Lot size
    3.50 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1957

    Spaces For Lease

    at 545 E Edna Pl Contact us

    745 $1.50/Mo

    Size
    1,200 SF
    Type
    Industrial
    Incubator Unit nRoll-Up DoornWell Established OfficenBusiness Park with Brand New...
    show more
    Contact us

    549 $1.45/Mo

    Size
    5,000 SF
    Type
    Industrial
    5,000 sf Industrial Warehousen1 Ground Level Drive-in Doorn14-15 ft clearancenMinimal...
    show more
    Contact us

    737 $1.55/Mo

    Size
    1,200 SF
    Type
    Industrial
    Contact us

    577 $1.29/Mo

    Size
    10,000 SF
    Type
    Industrial
    10,000 sf Industrial Warehousen14-16 ft clearnEdna Street FrontagenM1 ZonenWell Managed...
    show more
    Contact us

    We can help!

    Listing Contact
    Kurt Yacko

    Listing agent Kurt Yacko License #CA 01989353

    Listing office DAUM Commercial Real Estate Services City of Industry

    Listing date Sep 23, 2022

    Source Crexi

    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 DAUM Commercial Real Estate Services City of Industry

    HighLights

    • Brand new renovations underway
    • M1 Zoning
    • Under new ownership and management
    • Unit sizes from 1,200 - 10,000 sf
    • Industrial Gross lease at $1.45 psf
    • Located in Covina Business Park

    Overview

    Covina Business Park features industrial space for lease. The property, now under new ownership and management, is undergoing brand new renovations. It is zoned M1 and comprises 5 buildings with 62,000 square feet of industrial space situated on 3.5 acres. Unit sizes range from 1,200 to 10,000 square feet. Lease terms are available for 3-5 years at $1.45 per square foot industrial gross, plus $0.10 CAM.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Pane e Vino — 143 N Citrus Ave, Covina, CA 91723

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.8803425
    Latitude
    34.0934841

    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
    • $6,400/Mo
      2,340 SF

      Covina Office/Retail Stand Alone Building

      2,340 SF office/retail building in Covina's Shoppers Lane.
      650 Shoppers Ln, Covina, CA 91723
      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

    FAQs

    What type of property is this?
    Flex space - Industrial space available for lease in Covina Business Park.
    Where is this flex space located?
    The property is located at 545 E Edna Pl Covina, CA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Brand new renovations underway; M1 Zoning; Under new ownership and management
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kurt Yacko
    Real Estate License ID: CA 01989353
    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
    545 E Edna Pl, 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!