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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1647 Garvey N Ave West Covina, CA 91790-2141

    • Medical offices
    • 3,310 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Jul 16, 2021
    $1,360,013
    Value Estimations
    $1,365,000
    Show details
    Cap Rate Potential
    4%
    Medical offices
    Location Intelligence
    Property ID
    US10-0367054
    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

    • Winnie Tran / Real Estate Agency
    • Amigos Realty / Real Estate Agency
    • Dental Implant and orthodontics center of West Covina / Dental Office
    • Dental wellness / Dental Office

    Property Details for 1647 Garvey N Ave

    Year built
    1955
    Construction
    TILT-UP CONCRETE
    Lot size
    0.32 lot acres
    Property size
    3,310 SF
    Zone code
    WCNC*
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    8458-025-029
    APU
    8458025029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,355,000
      ML approach
      $1,385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $895,000
      6.5%
      $825,000
      7%
      $765,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,505,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,015,000
      Change: +34% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,530,000
      Change: +2% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,270,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.942
    Latitude
    34.0729
    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
    $18,122
    $1,196,460
    $218,484
    $1,414,944
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,855,000
      39,885 SF

      1250 Sunset Ave

      MEDICAL BUILDING • 39,885 SF
      1250 Sunset Ave, West Covina, CA 91790-3961
      View Details
    • Value Estimation
      $2,665,000
      14,248 SF

      222 Sunset Ave, Unit 101

      MEDICAL BUILDING • 14,248 SF
      222 Sunset Ave, West Covina, CA 91790-2278
      View Details
    • Value Estimation
      $1,015,000
      5,884 SF

      1290 Sunset Ave

      MEDICAL BUILDING • 5,884 SF
      1290 Sunset Ave, West Covina, CA 91790-3959
      View Details
    • Value Estimation by Request
      2,901 SF

      417 Merced Ave

      MEDICAL BUILDING • 2,901 SF
      417 Merced Ave, West Covina, CA 91790-5023
      View Details
    • Value Estimation by Request
      2,203 SF

      333 Sunset Ave

      MEDICAL BUILDING • 2,203 SF
      333 Sunset Ave, West Covina, CA 91790-1651
      View Details
    • Value Estimation
      $2,610,000
      10,403 SF

      1511 Garvey N Ave

      MEDICAL BUILDING • 10,403 SF
      1511 Garvey N Ave, West Covina, CA 91790-2138
      View Details

    Similar Nearby for Sale

    • $4,500,000
      12,380 SF

      West Covina Medical Office Building

      Prime Medical/Office Space, High Visibility
      767 Sunset Ave, West Covina, CA 91790
      View Details
    • $2,750,000

      Veterinary Practice with Real Estate

      Established veterinary practice and real estate in West Covina.
      1823 W San Bernardino Rd, West Covina, CA 91790
      View Details
    • Contact for pricing
      12,380 SF

      West Covina Medical Office Building

      Medical office building with suites available and ample parking.
      767 S Sunset Ave, West Covina, CA 91790
      View Details
    • $1,399,000

      West Covina Office Building

      Office building near 10 Fwy with 16 rooms.
      2222 W Garvey Ave S, West Covina, CA 91790
      View Details
    • Contact for pricing
      118,433 SF

      West Covina Office Building

      Office buildings in West Covina's Civic Center near Plaza Mall.
      1501-1521 W Cameron Ave, West Covina, CA 91790
      View Details
    • $595,000
      23,170.00 Acres

      West Covina Development Opportunity

      Expansive land parcel in West Covina, ideal for development.
      1401 E Garvey Ave S, West Covina, CA 91790
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      33,330 SF

      West Covina Office Building For Lease

      Prime Medical/Office Space Available in West Covina
      935 Sunset Ave, West Covina, CA 91790
      View Details
    • $25 SF/Yr
      118,433 SF

      West Covina Office Park Investment

      Multi-tenant office complex, 118,433 sqft
      1501-1521 Cameron Ave, West Covina, CA 91790
      View Details
    • Contact for pricing

      Remodeled Office Complex For Lease

      Seven-building office complex, recently remodeled, suitable for office or medical use.
      1700-1760 W Cameron Ave, West Covina, CA 91790
      View Details
    • $2 SF/Yr
      14,836 SF

      West Covina Office Space Available

      Third-floor office space for lease in West Covina, CA.
      1521 W Cameron Ave, West Covina, CA 91790
      View Details
    • $2,500 /Mo

      Remodeled Medical Office Space Available

      Newly remodeled medical office in a busy, convenient location.
      417 E Merced Ave, West Covina, CA 91790
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office suites for lease near Queen of the Valley Hospital.
      1250 S Sunset Ave, West Covina, CA 91790
      View Details
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    West Covina, CA 91790-2141
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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.

    More about this property
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