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    Property profile & analytics

    211 Citrus Ave Covina, CA 91723-2004

    • Investment properties
    • 14,370 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $2,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0272228
    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

    • Farmers Insurance - Jennifer Alvarez / Insurance Agency
    • Golden Heart Real Estate Solutions / Real Estate Agency
    • All & One Restoration and Construction / Construction Company / General Contractor
    • Above All Financial Services Inc / Loan Service / Bank
    • Guild Mortgage - Oscar Campa / Consultant / Mortgage Lender

    Property Details for 211 Citrus Ave

    Year built
    1906
    Construction
    TILT-UP CONCRETE
    Lot size
    0.18 lot acres
    Property size
    14,370 SF
    Zone code
    CVTCC*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    8431-032-008
    APU
    8431032008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,220,000
      APARTMENT HOUSE (5+ UNITS)
      $3,580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.89
    Latitude
    34.0878
    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
    $28,195
    $369,423
    $1,684,684
    $2,054,107
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,500 SF

      117 Citrus Ave

      STORE/OFFICE (MIXED USE) • 3,500 SF
      117 Citrus Ave, Covina, CA 91723-2002
      View Details
    • Value Estimation
      $1,660,000
      12,812 SF

      561 2nd Ave

      STORE/OFFICE (MIXED USE) • 12,812 SF
      561 2nd Ave, Covina, CA 91723-3013
      View Details
    • Value Estimation
      $510,000
      3,600 SF

      126 Citrus Ave

      STORE/OFFICE (MIXED USE) • 3,600 SF
      126 Citrus Ave, Covina, CA 91723-2001
      View Details
    • Value Estimation
      $975,000
      3,760 SF

      156 Badillo St

      STORE/OFFICE (MIXED USE) • 3,760 SF
      156 Badillo St, Covina, CA 91723-2015
      View Details
    • Value Estimation
      $940,000
      5,000 SF

      122 Citrus Ave

      STORE/OFFICE (MIXED USE) • 5,000 SF
      122 Citrus Ave, Covina, CA 91723-2001
      View Details
    • Value Estimation by Request
      7,723 SF

      129 Citrus Ave

      STORE/OFFICE (MIXED USE) • 7,723 SF
      129 Citrus Ave, Covina, CA 91723-2002
      View Details

    Similar Nearby for Sale

    • $725,000
      0.28 Acres

      Covina Manufacturing Business

      Profitable, Automated Safe Manufacturer
      841 San Bernardino Rd, Covina, CA 91723
      View Details
    • New
      $1,350,000
      4,330 SF

      Covina Mixed-Use Commercial Asset

      Mixed-use commercial building in Covina, offering income and redevelopment potential.
      156 W Badillo -160, Covina, CA 91723
      View Details
    • $829,999
      1,450 SF

      lot size

      zoning
      256 Front St, Covina, CA 91723
      View Details
    • $590,000
      8,600.00 Acres

      Covina Land With Permits

      Land in Covina, CA with permits ready to issue.
      342 Hollenbeck Ave, Covina, CA 91723
      View Details
    • $2,000,000

      Covina Investment Opportunity

      Duplex in Covina with redevelopment potential.
      248 E Rowland St, Covina, CA 91723
      View Details
    • Contact for pricing
      4,290 SF

      Covina Office Building - Four Suites

      Prime Covina location, four office suites available.
      669 Ave, Covina, CA 91723
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      3,640 SF

      Retail Space in Covina, CA

      Retail space available in Covina with open floor plan.
      278 E Rowland St, Covina, CA 91723
      View Details
    • Contact for pricing
      200 SF

      Fully Leased Office Building

      Office building in Covina, CA, currently 100% leased.
      126-128 N Citrus Ave, Covina, CA 91723
      View Details
    • $1.99 SF/Yr

      Professional/Medical Office Space Available

      Move-in ready office space with easy freeway access and ample parking.
      554 East San Bernardino Rd, Covina, CA 91723
      View Details
    • $1.65 SF/Yr
      1,280 SF

      Covina Office Space For Rent

      First floor office space available for rent in Covina.
      281 E Workman St, Covina, CA 91723
      View Details
    • $2,000 /Mo

      Remodeled Office Suite in Covina

      Newly remodeled office suite with shared amenities, convenient location.
      300 E Rowland St, Covina, CA 91723
      View Details
    • Contact for pricing
      10,000 SF

      Secured Warehouse with Fenced Yard

      20,000 SF warehouse with new security features and ample parking.
      575-577 E Edna Pl, Covina, CA 91723
      View Details
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    211 Citrus Ave
    Covina, CA 91723-2004
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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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