Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Scenic Hillside Land Parcel Title is generated by Realmo AI

    11251 Spanish Hills Drive, Corona, CA 92883

    View on Map
    Claim this Listing
    For Sale
    $875,000

    5-acre parcel in Temescal Valley with views and improvements.

    Type:Land Lot
    Lot size:
    5.00 Acres
    Added:
    Mar 15, 2026
    Days on Market:
    79
    Last Refresh:
    Mar 22 at 8:22 pm

    Property Features for 11251 Spanish Hills Drive

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    Land Lot

    We can help!

    Listing Contact
    Scott Vu

    Listing agent Scott Vu License #01844487

    Listing office Nexus Commercial

    Listing date Mar 15, 2026

    Source Compass

    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 Nexus Commercial

    HighLights

    • 5 acre parcel in South Corona's desirable Temescal Valley, adjacent to the Terramor master planned community.
    • Flat, cleared 15,000 sq ft building pad already in place.
    • No HOA, offering design and usage flexibility.
    • Over 300 trees and 20‑30 varieties of flowers already planted.
    • Electricity available on the property.
    • Conveniently located 5 minutes from Interstate 15 with easy access to Orange County, Los Angeles, and San Diego.

    Overview

    This 5-acre land parcel is located in the Temescal Valley area of South Corona, adjacent to the Terramor master-planned community. The property is not subject to an HOA. It features views of rolling hills and nearby communities. A stream meanders at the northern edge of the property. Over 300 trees have been planted, including mature olive trees, California pepper trees, and ash trees, along with 20 to 30 varieties of flowers. A flat building pad measuring approximately 100 feet by 150 feet, totaling about 15,000 square feet, has been cleared. Electricity is available on the property. It is located 5 minutes from Interstate 15, 10 minutes from the Dos Lagos shopping center and golf course, and 15 minutes from Downtown Corona. The Walker Canyon Trailhead is nearby. Seller financing may be available.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Gym & Fitness Center Skin Care Clinic Electrical Service Bakery Travel Agency Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.4667431
    Latitude
    33.7739769

    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
    • $1,700,000
      7,730 SF

      Corona Commercial Office Building For Sale

      Multi-tenant office building in downtown Corona revitalization area.
      815 S Main, Corona, CA 92882
      View Details
    • $1,598,777
      1,300 SF

      Mixed-Use Commercial Property in Corona

      Mixed-use commercial property with high visibility and easy access.
      19594 Temescal Canyon, Corona, CA 92881
      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
    • $1,250,000
      4,500 SF

      Corona Property with Business Potential

      Nearly 5 acres with residence, ADU, workshops, and kennel.
      11111 Spanish Hills, Corona, CA 92883
      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
    • $3,500,000
      1,000 SF

      Corona Land Parcel For Sale

      12.21-acre land parcel in South Corona with direct access.
      26741 Hostettler, Corona, CA 92883
      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

    FAQs

    What type of property is this?
    Land - 5-acre parcel in Temescal Valley with views and improvements.
    Where is this land located?
    The property is located at 11251 Spanish Hills Drive Corona, CA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 5 acre parcel in South Corona's desirable Temescal Valley, adjacent to the Terramor master planned community.; **Flat, cleared 15,000 sq ft building pad already in place.**; No HOA, offering design and usage flexibility.
    (714) 454-5114
    We can help!
    Listing Contact
    Scott Vu
    Real Estate License ID: 01844487
    Learn More
    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
    11251 Spanish Hills Drive, Corona, CA 92883
    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!