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Property profile & analytics
FOR LEASE
Office buildings
861 S Village Oaks Dr Covina, CA 91724
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9542617
For Lease
1 / 2
$2,025,000
861 S Village Oaks Dr, Covina, CA 91724
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Construction
WOOD
Total area
19,058 SF
Lot
1.09 ac (47,379 SF)
Zoning code
CVA1PCD*
APN
8447-021-074
UPID
US09-9542617
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
Current use
Occupant on record · Public records
-
Stetson Engineers Inc Civil Engineer
-
Virchu Financial & Investment Real Estate Agency
-
Covina Valley Optimist Group Charitable Organization Social Service Agency
-
Locomotion Therapy Medical Clinic
-
Gareth P. Jia, Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
Stephen B Johnson · 2 yrs held
Stephen B Johnson
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CVA1PCD* · 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
$2,025,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.03M (Feb 28 2024)
Last sale anchor
$2.03M
Feb 28 2024
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
$106 / 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
$41,690
Tax year 2024
Assessed value
$2,822,669
Assessed 2024
Previous assessed
$2,822,669
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,303,306
Assessed improvement
$1,519,363
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1980
Construction
WOOD
Heating
NONE
Stories
2
Total area
19,058 SF
Lot
1.09 ac (47,379 SF)
Zoning code
CVA1PCD*
APN
8447-021-074
UPID
US09-9542617
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CVA1PCD* · Covina, CA
Zoning CVA1PCD* · permitted uses
CVA1PCD* · 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
1980
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.09 ac
Current owner
From public records · entity-resolved
Stephen B Johnson
Individual
Mailing address
5763 GLN OAKS DR, LA VERNE, CA 91750-1712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2024
—
Stephen B Johnson
Stephen B Johnson
Intrafamily Transfer
related
—
Jul 29, 2003
$2,025,000
Spj Properties LLC
Kenneth Covina INC
Grant Deed
—
Jul 17, 1990
$990,000
Covina I Kenneth
Lmr Properties
Grant Deed
related
—
—
—
Johnson,tr
—
Deed Of Trust
related
$1,518,750 · Wells Fargo Bank
—
—
Johnson,tr
—
Deed Of Trust
related
$1,518,750 · Wells Fargo Bank
—
—
Kenneth Covina INC
—
Deed Of Trust
related
$1,080,000 · Bank Of Taiwan
—
—
Kenneth Covina INC
—
Deed Of Trust
related
$835,000 · Bank Of Taiwan
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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