Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    271 Workman Ave West Covina, CA 91791
    Back to Search
    Property profile & analytics

    271 Workman Ave, West Covina, CA 91791

    View on Map
    • Office Spaces
    • 20,744 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 271 Workman Ave

    Year built
    1962
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    The Eastland Professional Building, located at 271 E Workman Ave, West Covina, CA 91791, offers a diverse range of office spaces for lease. This two-story, multi-tenant property comprises two buildings totaling 20,744 square feet, situated on a 1.1-acre lot in Los Angeles County. Built in 1962, the building is ideal for various professional uses, including traditional office, executive office, and medical office spaces. Currently, there are 8,965 square feet of vacant space available, divisible into units ranging from a minimum of 609 square feet to a maximum contiguous space of 1,940 square feet. Seven individual spaces are currently available for lease. The property's convenient location in West Covina provides easy access to major transportation routes and amenities. This is an excellent opportunity for businesses seeking flexible and well-located office space in a thriving Los Angeles County community. The property's versatility makes it suitable for a wide range of professional tenants. Inquire today to learn more about leasing opportunities within this established and well-maintained office complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.886
    Latitude
    34.0756

    Comparable in this City

    • Value Estimation by Request
      27,891 SF

      2149-2155 Garvey Ave

      Medical Office Space
      2149-2155 Garvey Ave, West Covina, CA 91791
      View Details
    • Value Estimation
      $1,625,000
      11,581 SF

      855 Lark Ellen Ave

      MEDICAL BUILDING
      855 Lark Ellen Ave, West Covina, CA 91791-1099
      View Details
    • Value Estimation by Request
      9,000 SF

      718 Azusa Ave

      Office Spaces
      718 Azusa Ave, West Covina, CA 91791
      View Details
    • Value Estimation
      $530,000
      16,573 SF

      820 Phillips Ave

      HOMES (RETIRED, NURSING)
      820 Phillips Ave, West Covina, CA 91791-1121
      View Details
    • Value Estimation
      $2,700,000
      91,403 SF

      3601 Holt Ave

      HOMES (RETIRED, NURSING)
      3601 Holt Ave, West Covina, CA 91791-2358
      View Details
    • Value Estimation
      $5,420,000
      116,598 SF

      150 Grand Ave

      HOMES (RETIRED, NURSING)
      150 Grand Ave, West Covina, CA 91791-2354
      View Details

    Similar Nearby for Sale

    • $2,150,000
      Pending

      West Covina View Lot

      Large view lot in upscale neighborhood with city views.
      1116 Outlook Ln, West Covina, CA 91791
      View Details
    • Contact for pricing
      169,318 SF

      Industrial Property with Large Yard

      169,318 SF industrial space with a 17.15-acre yard.
      1211 E Badillo St, West Covina, CA 91791
      View Details
    • Contact for pricing

      West Covina Industrial Condo

      Newer industrial warehouse with office, high ceilings, and parking.
      E81-1773 W San Bernardino Rd, West Covina, CA 91791
      View Details
    • Contact for pricing

      West Covina Vacant Land Opportunity

      Vacant land parcel in West Covina with development potential.
      3114 E Garvey Ave S, West Covina, CA 91791
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Office Building

      Office building in West Covina, currently 100% leased.
      2934 E Garvey Ave S, West Covina, CA 91791
      View Details
    • $24 SF/Yr
      120,000 SF

      1410-1432 Azusa Ave

      Specialty properties
      1410-1432 Azusa Ave, West Covina, CA 91791
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in West Covina, currently 100% leased.
      616 N Azusa Ave, West Covina, CA 91791
      View Details
    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.
    271 Workman Ave
    West Covina, CA 91791
    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
    271 Workman Ave, West Covina, CA, 91791
    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!