Sign Up Successful!
You now have access to more from Realmo!
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

    536 Arrow Hwy Covina, CA 91722-1401

    • Investment properties
    • 6,000 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6461809
    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

    • Mustapha & Associates / Structural Engineer
    • Cuevas Health Food / Health Food Store
    • T.B.Y LUGGAGE / Luggage Store
    • Vicky’s Hair Design Salon & Barber Shop / Barber Shop
    • Zapopana's café Tortas Y Raspados / Sandwich Shop / Juice Shop

    Property Details for 536 Arrow Hwy

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    6,000 SF
    Zone code
    CVC2YY
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    8408-020-023
    APU
    8408020023

    Description

    This exceptional turnkey restaurant opportunity is located at 536 E Arrow Hwy, Covina, CA 91722, in Los Angeles County. Built in 2007, this retail space presents a thriving business with a loyal customer base. Zapopana's Cafe offers a diverse menu featuring Bionicos, Tortas, Raspados, juices, smoothies, shakes, and coffee. The cafe is known for its high-quality ingredients, fresh juices, and efficient service, consistently receiving positive customer feedback. The menu caters to a wide range of tastes, including hearty and spicy options, and also provides party platters for special events. This established business offers a unique opportunity for an owner-operator to step into a ready-made operation with an existing customer base and proven success. The asking price for this well-regarded Covina eatery is $60,000. The property's prime location ensures high visibility and accessibility, contributing to the cafe's consistent success. This is a rare chance to acquire a profitable and well-established restaurant in a desirable area. The sale includes all necessary equipment and fixtures for immediate operation. This is an excellent investment opportunity for a savvy entrepreneur seeking a proven business model in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $263,000
      Market price range: $227k - $873k

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

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.9
    Latitude
    34.1063
    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
    $8,314
    $184,427
    $230,534
    $414,961
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,600,000
      5,514 SF

      4550 Lark Ellen Ave

      STORE/OFFICE (MIXED USE) • 5,514 SF
      4550 Lark Ellen Ave, Covina, CA 91722-3147
      View Details
    • Value Estimation
      $320,000
      4,700 SF

      1035 San Bernardino Rd

      STORE/OFFICE (MIXED USE) • 4,700 SF
      1035 San Bernardino Rd, Covina, CA 91722-4106
      View Details
    • Value Estimation
      $2,205,000
      11,152 SF

      17026 Cypress St

      STORE/OFFICE (MIXED USE) • 11,152 SF
      17026 Cypress St, Covina, CA 91722-3100
      View Details
    • Value Estimation
      $330,000
      1,174 SF

      1241 San Bernardino Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,174 SF
      1241 San Bernardino Rd, Covina, CA 91722-3509
      View Details
    • Value Estimation
      $310,000
      1,420 SF

      16332 San Bernardino Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,420 SF
      16332 San Bernardino Rd, Covina, CA 91722-3946
      View Details
    • Value Estimation
      $530,000
      24,155 SF

      1045 Azusa Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 24,155 SF
      1045 Azusa Ave, Covina, CA 91722-2648
      View Details

    Similar Nearby for Sale

    • $1,485,000
      4,814 SF

      Versatile Office & Retail Building

      High-traffic Covina building with office and retail spaces for sale.
      1051 N Citrus Ave, Covina, CA 91722
      View Details
    • $895,000
      3,025 SF

      Covina Mixed-Use Investment Opportunity

      Three-unit property, high-return potential.
      1463 Hollenbeck Ave, Covina, CA 91722
      View Details
    • Contact for pricing
      2,000 SF

      Covina Retail Space: Double Bay Unit

      Prime Covina location, 2,000 sq ft retail space.
      1431, Covina, CA 91722
      View Details
    • Contact for pricing
      9,900 SF

      Covina Freestanding Cold Storage Building

      9,900 SF Covina building suitable for cold storage/food processing.
      783 W Front St, Covina, CA 91722
      View Details
    • Contact for pricing
      1,250 SF

      Covina Retail Space: High Traffic Area

      Prime Covina retail space, high visibility, flexible office options.
      17030 St Unit, Covina, CA 91722
      View Details
    • $150,000

      Covina Mobile Home with Amenities

      Well-maintained 2-bedroom mobile home with community amenities in Covina.
      1380 N Citrus D-10, Covina, CA 91722
      View Details

    Similar Nearby for Lease

    • $3,950 /Mo

      Energy-Efficient Home in Covina

      Newer home near colleges, freeways, and downtown Covina.
      1139 Orch, Covina, CA 91722
      View Details
    • Contact for pricing

      Fully Leased Office Building

      Office building in Covina, CA, currently 100% leased.
      668 Arrow Grand Cir, Covina, CA 91722
      View Details
    • $1.00 SF/Yr
      22,545 SF

      Available Office Space For Rent

      Office space available for rent in Covina, California.
      708 N Vincent Ave, Covina, CA 91722
      View Details
    • $18 SF/Yr
      14,240 SF

      Starlite Plaza: Covina Office Suites

      Prime Covina Office & Retail Space Available
      1011 Azusa Ave, Covina, CA 91722
      View Details
    • Contact for pricing

      Turnkey Restaurant & Bar Space

      Ready-to-operate restaurant and bar with minimal build-out costs.
      975 W San Bernardino Rd, Covina, CA 91722
      View Details
    • Contact for pricing
      277,603 SF

      Covina Town Square Retail Spaces

      High-traffic retail spaces in prime Covina location.
      0 Azusa Ave & Arrow Hwy, Covina, CA 91722
      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.
    536 Arrow Hwy
    Covina, CA 91722-1401
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.