Flex Warehouse with
For Sale
Contact for pricing
108 River Rd, Corona, CA 92880
Flex warehouse includes two private offices, restroom, kitchenette, and warehouse space with one ground-level door.
Property Size3,636 SF
Price / SF$357.54
Days on Market434
Property Features for 108 River Rd
General Information
Standard status
Active
Size
3,636 SF
Property subtype
RETAIL
Additional Details
Drive-In Doors
1
Listing Agency:
MAB Realty
(951) 734-7510
Listed By:
Brian Tressen · License #01850329
(951) 847-2226
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Sep 8
Last Checked: Sep 13 at 10:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MAB Realty
Investment Insights
Based on property information with market context.
This flex warehouse configuration features two private offices, a restroom, and a kitchenette, along with dedicated warehouse space. Access is provided via one ground-level door, supporting straightforward loading and operations.
The property is located at 108 River Rd in Corona, CA 92880, offering an on-site office component alongside warehouse functionality.
The layout is designed to combine light office use with warehouse space in a single building.
The property is located at 108 River Rd in Corona, CA 92880, offering an on-site office component alongside warehouse functionality.
The layout is designed to combine light office use with warehouse space in a single building.
Key Highlights
- Flex warehouse with warehouse space plus two private offices
- Includes a restroom and kitchenette
- Single ground‑level door for warehouse access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,710
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$934,200
$934.2K
Cap Rate 7%
$667,286
$667.3K
Cap Rate 9%
$519,000
$519.0K
Market Conditions
NOI Build-Up for 3,636 SF
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.
Gross rent
$78.5K $21.60/SF
− Vacancy
−$6.7K −$1.84/SF
EGI
$71.9K $19.76/SF
− OpEx
−$25.2K −$6.92/SF
NOI
$46.7K $12.85/SF
Area
Corona, CA
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$934,200
Cap Rate 7%
$667,286
Cap Rate 9%
$519,000
Alternative Uses
Best Use
Flex RnD
$667.3K
$583.9K – $778.5K
NOI $46,710 @ 7.0% cap · market cap 3.59%
Second Best
Warehouse
$537.3K
$470.2K – $626.9K
NOI $37,614 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.13M
$989.6K – $1.32M
NOI $79,166 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92880, CA
75,365
Population
20,743
Households
3.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
26.2 sq mi
ZIP Area
2,877
Density / Sq Mi
$151,445
Median Household Income
$59,095
Median Earnings
$2,596
Median Rent
$724,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse includes two private offices, restroom, kitchenette, and warehouse space with one ground-level door.
Where is this flex space located?
The property is located at 108 River Rd Corona, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Flex warehouse with warehouse space plus two private offices; Includes a restroom and kitchenette; Single ground‑level door for warehouse access
