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Property profile & analytics
FOR LEASE
Community centers
412 W Arrow Hwy Covina, CA 91773
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8619485
For Lease
1 / 6
$13,940,000
412 W Arrow Hwy, Covina, CA 91773
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1960
Construction
TILT-UP CONCRETE
Total area
57,288 SF
Lot
6.33 ac (275,649 SF)
Zoning code
CVC2*
APN
8407-032-002
UPID
US09-8619485
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.94M
Owner & transaction history
Dollar Tree Stores INC
Dollar Tree Stores INC
since 2025
7 recorded transactions
Zoning & alternative use
CVC2* · Covina, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Covina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covina submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,425,000
ML approach
$9,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.94M
Range $12.55M – $15.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$243 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$115,573
Tax year 2024
Assessed value
$7,852,938
Assessed 2024
Previous assessed
$7,852,938
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$7,332,947
Assessed improvement
$519,991
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
5
Stories
1
Total area
57,288 SF
Lot
6.33 ac (275,649 SF)
Zoning code
CVC2*
APN
8407-032-002
UPID
US09-8619485
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVC2* · Covina, CA
Zoning CVC2* · permitted uses
CVC2* · Covina, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covina. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
5
Lot
6.33 ac
Current owner
From public records · entity-resolved
Dollar Tree Stores INC
Entity
Mailing address
11111 SANTA MONICA BLVD STE #520, LOS ANGELES, CA 90025-3338
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
Dollar Tree Stores INC
JR Mp II LLC
Deed
—
Jul 16, 2020
$7,400,000
JR Mp II LLC
Arrow Holding LP
Grant Deed
$1,500,000 · Pacific Funding LLC
Dec 29, 2015
$8,600,000
Arrow Holding LLC
Arrow Capital LP
Grant Deed
$6,000,000 · Pacific Funding LLC
May 8, 2008
—
Arrow Capital
Jm Holdings LLC
Quit Claim Deed
related
—
May 7, 2008
—
Arrow Capital
Jm Holdings LLC
Quit Claim Deed
related
—
Jul 20, 2007
$11,625,000
Jm Holdings LLC
Mcs Tri-city Arrow Center LLC
Grant Deed
$8,600 · Safco Holding Corp
Jun 20, 2000
—
Mcs Tri-cy Arrow Ctr
Arrow Ctr,
Quit Claim Deed
related
—
Jan 24, 1989
—
Lewkowicz Family
Lewko
Quit Claim Deed
related
—
—
—
Arrow Center
—
Deed Of Trust
related
$2,050,000 · Pacific Crest Inv & Loan
—
—
Mcs Tri-city Arrow Center LLC
—
Deed Of Trust
related
$3,450,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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