Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1037 Grand Ave Covina, CA 91724-2048

    • Community centers
    • 43,802 SF
    • 5.18 lot acres
    OFF-MARKET
    Last Sale
    Feb 12, 2025
    $25,325,000
    Value Estimations
    $22,895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8608958
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ana J. Flores-Riffel, LCSW / Foster Care Service / Social Service Agency
    • Baron Robinson V MD / Physician
    • O'Reilly Auto Parts / Auto Parts Store
    • Go Roanna / Foster Care Service / Social Service Agency
    • Tropical fish / Pet Store / Pet Store & Service

    Property Details for 1037 Grand Ave

    Year built
    1956
    Construction
    TILT-UP CONCRETE
    Lot size
    5.18 lot acres
    Property size
    43,802 SF
    Zone code
    CVC2-C4*
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    8422-018-004
    APU
    8422018004

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,305,000
      6.5%
      $15,975,000
      7%
      $14,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,962,000
      Market price range: $9.81M - $62.0M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $26,660,000
      Current use
      RESTAURANT
      $28,525,000
      Change: +7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.874
    Latitude
    34.0988
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $110,985
    $4,762,408
    $2,397,417
    $7,159,825
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $680,000
      3,244 SF

      970 Badillo St

      MINI-MALL • 3,244 SF
      970 Badillo St, Covina, CA 91724-2950
      View Details
    • Value Estimation
      $3,940,000
      17,200 SF

      20810 Arrow Hwy

      MINI-MALL • 17,200 SF
      20810 Arrow Hwy, Covina, CA 91724-1319
      View Details
    • Value Estimation
      $3,265,000
      15,000 SF

      20766 Arrow Hwy

      MINI-MALL • 15,000 SF
      20766 Arrow Hwy, Covina, CA 91724-1318
      View Details
    • Value Estimation
      $7,525,000
      20,985 SF

      950 Badillo St

      MINI-MALL • 20,985 SF
      950 Badillo St, Covina, CA 91724-2950
      View Details
    • Value Estimation
      $8,810,000
      31,545 SF

      932 Badillo St

      MINI-MALL • 31,545 SF
      932 Badillo St, Covina, CA 91724-2950
      View Details
    • Value Estimation
      $12,120,000
      50,268 SF

      139 Grand Ave

      MINI-MALL • 50,268 SF
      139 Grand Ave, Covina, CA 91724-2957
      View Details

    Similar Nearby for Sale

    • $2,100,000
      3,565 SF

      Covina Retail Center For Sale

      Multi-tenant retail center in Covina with high visibility.
      1319 N Grand Ave, Covina, CA 91724
      View Details
    • Contact for pricing
      3,095 SF

      Retail and Office Space Available

      3,095 SqFt retail and office space for sale.
      701 N Grand Ave, Covina, CA 91724
      View Details
    • Contact for pricing
      1,000.00 Acres

      Covina Cemetery Plot for Sale

      Cemetery plot in Forest Lawn- Covina Hills, priced to sell.
      21300 Via Verde St E, Covina, CA 91724
      View Details
    • $499,000
      55,556.00 Acres

      Covina Land Lot For Sale

      Flat, usable land in Covina, CA, with gated entry.
      Sunflower Ave, Covina, CA 91724
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,190 SF

      Sunrise Plaza Retail Spaces

      San Gabriel Valley retail spaces available
      20540 Arrow Hwy & Bonnie Cv Ave, Covina, CA 91724-1238
      View Details
    • $1.75 SF/Yr

      Covina Office Space Available

      Office space with multiple offices, breakroom, and conference room.
      1126 N Grand Ave, Covina, CA 91724
      View Details
    • $2 SF/Yr

      Covina Professional Building For Sale

      Professional building with medical and dental use allowance, great access.
      1373 Center Court Dr, Covina, CA 91724
      View Details
    • $1.30 SF/Yr
      9,400 SF

      Industrial Storage Space Available

      3,000 SF warehouse space for storage in Covina.
      1238-1254 E Cypress St, Covina, CA 91724
      View Details
    • Contact for pricing
      8,035 SF

      Single Story Office Space Available

      Single-story office space for rent with negotiable modifications.
      1325 N Grand Ave, Covina, CA 91724
      View Details
    • Contact for pricing

      Covina Office Space Available

      Professional building with office spaces for rent in Covina.
      1373 Center Court Dr, Covina, CA 91724
      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.
    1037 Grand Ave
    Covina, CA 91724-2048
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!