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    139 North Grand Ave Covina, CA 91723
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    Property profile & analytics

    139 North Grand Ave, Covina, CA 91723

    View on Map
    • Community centers
    • 50,268 SF
    • 5.18 lot acres
    For Lease
    $1.50 SF/Yr
    View Listing →
    Renovated Retail Space Available For Lease
    $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 Listing
    Property ID
    US09-8749049
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • higi / Physician
    • Minhson Buitran / Pharmacy
    • Youn Kim / Pharmacy
    • Ravi Chawla / Pharmacy

    Property Details for 139 North Grand Ave

    Year built
    1968
    Construction
    TILT-UP CONCRETE
    Lot size
    5.18 lot acres
    Zone code
    CVC4
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    8429-015-028
    APU
    8429015028

    Description

    Rancho Badillo Center offers ±780 to ±1,950 square feet of prime retail space, ideal for a variety of businesses. Located at 139 N Grand Ave, Covina, CA 91723, this property is situated in a well-established community shopping center, providing excellent visibility and foot traffic. The center boasts strong curb appeal and is conveniently located just north of the 10 freeway on busy Grand Avenue, ensuring high accessibility for customers. The building underwent a complete renovation in 2017, resulting in modern and updated facilities. The property is categorized as retail storefront space within a multi-tenant building in Los Angeles County. This presents a unique opportunity for businesses seeking a prominent location in a thriving Covina community. The flexible space options allow for customization to suit various business needs, ranging from smaller boutique shops to larger retail establishments. The established nature of the shopping center provides immediate access to an existing customer base, minimizing the need for extensive marketing efforts to build brand awareness. This prime location offers a blend of convenience, visibility, and a recently renovated space, making it an attractive investment opportunity for discerning businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.873
    Latitude
    34.0872
    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
    $120,452
    $2,341,249
    $5,356,120
    $7,697,369
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $680,000
      3,244 SF

      970 Badillo St

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    • Value Estimation
      $3,940,000
      17,200 SF

      20810 Arrow Hwy

      MINI-MALL
      20810 Arrow Hwy, Covina, CA 91724-1319
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    • Value Estimation
      $22,895,000
      43,802 SF

      1037 Grand Ave

      MINI-MALL
      1037 Grand Ave, Covina, CA 91724-2048
      View Details
    • Value Estimation
      $3,265,000
      15,000 SF

      20766 Arrow Hwy

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

      950 Badillo St

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

      932 Badillo St

      MINI-MALL
      932 Badillo St, Covina, CA 91724-2950
      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
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      Retail and Office Space Available

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      1,000.00 Acres

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      Covina Hills Land Plot

      Land plot in Forest Lawn - Covina Hills.
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    Similar Nearby for Lease

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      Covina Professional Building For Sale

      Professional building with medical and dental use allowance, great access.
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      9,400 SF

      Industrial Storage Space Available

      3,000 SF warehouse space for storage in Covina.
      1238-1254 E Cypress St, Covina, CA 91724
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      7,301 SF

      Professionally Managed Office Park

      Well-maintained office park with ample parking and freeway access.
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      View Details
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      Fully Leased Office Building

      Office building in Covina, CA, currently 100% leased.
      861 S Village Oaks Dr, Covina, CA 91724
      View Details
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    Covina, CA 91723
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    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.

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