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

    970 Vlg Oaks Dr Covina, CA 91724-3626

    • Office buildings
    • 19,538 SF
    • 1.39 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8611730
    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

    • The P.I. Couple / Private Investigator
    • Promise Christian University / Educational Institution
    • Pease Bryce / Financial Planner
    • Paul N. Gautreau, Attorney at Law / Attorney
    • California Heritage / Mortgage Lender

    Property Details for 970 Vlg Oaks Dr

    Year built
    1981
    Construction
    WOOD
    Lot size
    1.39 lot acres
    Property size
    19,538 SF
    Zone code
    CVA1PCD*
    Property type
    Office buildings
    APN
    8447-031-050
    APU
    8447031050

    Description

    This exceptional Covina, CA office property, located at 970 S Village Oaks Dr, 91724, offers a diverse range of spaces ideal for various business needs. The two-story, Class B building, constructed in 1980, encompasses 11,453 square feet and features nine individual suites, currently all vacant, with sizes ranging from a minimum of 200 square feet to a maximum contiguous space of 3,763 square feet. The property boasts ample parking with 50 spaces and convenient elevator access. Tenancy is multiple, allowing for flexibility in leasing arrangements. Enjoy stunning views of the nearby foothills or park from many of the available suites. Shared amenities include a common kitchen, conference room, and restrooms. The property is well-suited for a variety of uses, including medical, executive, and traditional office spaces, and is particularly well-suited for businesses such as real estate, insurance, executive services, administrative offices, hospice, or home healthcare services. Operating costs are $0.82 per square foot, inclusive of all utilities except phone and internet. Smaller suites are available starting at $500 per month, with internet included. This prime location provides easy access to local amenities and transportation. A virtual tour is available online.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Covina
    County
    Los Angeles
    State
    California
    Longitude
    -117.862
    Latitude
    34.0718
    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
    $62,851
    $1,140,473
    $3,427,877
    $4,568,350
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $445,000
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      845 Oak Park Rd

      OFFICE BUILDING • 6,295 SF
      845 Oak Park Rd, Covina, CA 91724-3624
      View Details
    • Value Estimation
      $535,000
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      1074 Park Vw Dr

      OFFICE BUILDING • 15,086 SF
      1074 Park Vw Dr, Covina, CA 91724-3749
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    • Value Estimation
      $4,795,000
      17,440 SF

      1272 Ctr Ct Dr

      OFFICE BUILDING • 17,440 SF
      1272 Ctr Ct Dr, Covina, CA 91724-3667
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    • Value Estimation
      $330,000
      2,046 SF

      530 Grand Ave

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      530 Grand Ave, Covina, CA 91724-3467
      View Details
    • Value Estimation
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      30,464 SF

      1359 Grand Ave

      OFFICE BUILDING • 30,464 SF
      1359 Grand Ave, Covina, CA 91724-1016
      View Details

    Similar Nearby for Sale

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      Covina Medical Office Building

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      Covina Retail Center For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Fully Leased Office Building

      Office building in Covina, CA, currently 100% leased.
      861 S Village Oaks Dr, Covina, CA 91724
      View Details
    • $2 SF/Yr
      1,989 SF

      First Floor Office Space Available

      First floor office space for rent in Covina, California.
      858 S Oak Park Rd, Covina, CA 91724
      View Details
    • $1.25 SF/Yr
      18,364 SF

      Single Story Office Space Available

      Single-story office space for rent with negotiable modifications.
      1325 N Grand Ave, Covina, CA 91724
      View Details
    • $1.75 SF/Yr
      12,576 SF

      Covina Office Space Available

      Office space with multiple offices, breakroom, and conference room.
      1126 N Grand Ave, Covina, CA 91724
      View Details
    • $21 SF/Yr
      32,000 SF

      Covina Office Building: 32,000 SF

      Prime Covina office space, flexible layouts.
      1373 Center Court Dr, Covina, CA 91724
      View Details
    • $1.85 SF/Yr
      2,215 SF

      Office Suite with Open Bullpen

      Second floor office suite featuring offices, bullpen, and breakroom.
      1270 E Garvey St, Covina, CA 91724
      View Details
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    Covina, CA 91724-3626
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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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