Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corona Commercial Office Building For Sale Title is generated by Realmo AI

    815 S Main, Corona, CA 92882

    View on Map
    Claim this Listing
    For Sale
    $1,700,000

    Commercial Sale - Corona, CA

    Property size:
    7,730 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $219/SF
    Added:
    Apr 7, 2026
    Days on Market:
    48
    Last Refresh:
    May 24 at 4:06 pm

    Property Features for 815 S Main

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    117231016
    Size
    7,730 SF
    Lot size
    0.37 Acres

    Utilities

    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1952
    Architectural style
    Other

    We can help!

    Listing Contact
    COLLETTE LEE

    Listing agent COLLETTE LEE License #00936810

    Listing office Tower Agency 7197 BROCKTON AVE STE 1, riverside, CA

    Listing date Apr 7, 2026

    MLS# IV26034448 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in the Downtown Corona Revitalization Plan area
    • Close proximity to Highways 91 & 15, providing convenient access to Los Angeles and Orange County
    • Across the street from Corona Regional Medical Center/Southwestern Medical Center
    • Zoned for professional offices
    • Includes two buildings: a vacant building with 4 suites and a building currently housing a funeral home (lease expires September 30, 2026)
    • Total of 19 parking spaces available across both buildings

    Overview

    Located in the downtown Corona revitalization plan area, this vacant multi-tenant office building offers four separate suites. Zoned for professional offices, the property is situated on Main Street. The sale requires purchasing the adjacent building at 817 Main St. (APN 117-231-008), which is 3658 square feet and currently houses a funeral home with a lease expiring September 30, 2026. The total parking spaces for both buildings is 19. The parking lot, identified as 117-231-017, spans 3920 square feet or 0.09 acres, contributing to a total acreage of 0.37 acres. The Corona City Government is actively promoting business and infrastructure development in the area, with expectations of rising land prices and rents. The property benefits from its proximity to Highways 91 and 15, facilitating convenient logistics and attracting commercial tenants. It is located across the street from Corona Regional Medical Center and Southwestern Medical Center. The location on Main Road (6th Street) ensures high traffic volume. Access to Highway 91 (Riverside Fwy) is a 3-minute drive, providing connectivity to Los Angeles and Orange County. Multiple bus stops are within walking distance. The property size is 7730 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.33M
    NOI $119,382 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.71M
    NOI $119,382 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.39M
    NOI $119,382 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $204.1k $26.40
    − Vacancy −$44.9k −$5.81
    EGI $159.2k $20.59
    − OpEx −$39.8k −$5.15
    NOI $119.4k $15.44
    7,730 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.71M
    $1.49M – $1.99M (±1% cap)
    NOI $119,382 @ 7.0% cap · market cap 7.02%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.40M
    $2.10M – $2.81M (±1% cap)
    NOI $168,304 @ 7.0% cap · market cap 9.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walker Funeral Services Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.5664382
    Latitude
    33.872693

    Nearby Similar for Sale

    • $799,990
      3,600 SF

      Corona Commercial Building with Warehouse

      3,600 sq ft commercial building suitable for multiple uses.
      13659 Magnolia Avenue, Corona, CA 92879
      View Details
    • $289,000
      2,000 SF

      Profitable Japanese Restaurant Business Opportunity

      Established Corona restaurant with immediate cash flow and loyal customer base.
      2347 California Avenue, Corona, CA 92881
      View Details
    • $1,500,000
      3,916 SF

      Corona Mixed-Use Commercial Building

      Mixed-use property with retail, office, and residential units.
      820 W 6th, Corona, CA 92882
      View Details
    • $199,000
      1,890 SF

      Established Restaurant Business Opportunity

      Profitable taco restaurant business for sale in Corona, California.
      3935 Bedford Canyon Road, Corona, CA 92883
      View Details
    • $139,999
      2,200 SF

      Turnkey Restaurant Opportunity in Corona

      Fully equipped restaurant with beer and wine license for sale.
      2363 California, Corona, CA 92881
      View Details
    • $298,988

      Established Salon Business Opportunity

      Profitable salon business for sale in Corona, California.
      McKinley Street, Corona, CA 92879
      View Details
    • $16,950,000
      49,861 SF

      Freestanding Industrial Building in Corona

      49,861 SF building on 2.52 acres near I-15.
      1141 California Avenue, Corona, CA 92881
      View Details
    • $1,150,000
      2,300 SF

      Commercial Building with Drive-Thru Bays

      Stand-alone retail building with roll-up doors and ample parking.
      620 N MAIN Street, Corona, CA 92878
      View Details
    • $1,175,000
      4,800 SF

      Corona Mixed-Use Property For Sale

      Four-unit mixed-use property in the heart of Corona, California.
      1185 W Grand, Corona, CA 92882
      View Details
    • $799,990
      3,600 SF

      Corona Commercial Building with Warehouse

      3,600 sq ft building ideal for various commercial uses.
      13659 Magnolia Ave, Corona, CA 92879
      View Details
    • $430,000
      941 SF

      Upgraded Condo in Corona Ranch

      Turnkey rental with modern upgrades in a gated community.
      1020 La Terraza, Corona, CA 92879
      View Details
    • $875,000
      2,926 SF

      Mixed-Use Property in Corona, CA

      Commercial building and residential unit near freeways in Corona.
      501 S Victoria, Corona, CA 92879
      View Details

    FAQs

    What type of property is this?
    Office building - Multi-tenant office building in downtown Corona revitalization area.
    Where is this office building located?
    The property is located at 815 S Main Corona, CA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Located in the Downtown Corona Revitalization Plan area; Close proximity to Highways 91 & 15, providing convenient access to Los Angeles and Orange County; Across the street from Corona Regional Medical Center/Southwestern Medical Center
    (951) 961-3667
    We can help!
    Listing Contact
    COLLETTE LEE
    Real Estate License ID: 00936810
    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.
    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

    Thank You for Inquiry
    815 S Main, Corona, CA 92882
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!