Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    NE of Green River Rd and 91 Fwy Bldg 4 Corona, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    34.62 acre project with freeway frontage and access.

    Type:INDUSTRIAL
    Property size:
    93,868 SF
    Lot size:
    4.81 Acres
    Added:
    Mar 17, 2022
    Days on Market:
    1504
    Last Refresh:
    Apr 5 at 8:13 pm

    Property Features for NE of Green River Rd and 91 Fwy Bldg 4

    General Information

    Standard status
    Active
    Size
    93,868 SF
    Lot size
    4.81 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Wade Tift

    Listing agent Wade Tift

    Listing office JLL

    Listing date Mar 17, 2022

    Source Moodyscre

    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 JLL

    Overview

    Green River Ranch Business Park

    This 34.62-acre project, Green River Ranch Business Park, offers finished parcels ranging from 4.31 to 13.08 acres. Unique build-to-suit opportunities are available, accommodating footprints from 80,000 to 285,000 square feet. The property benefits from 91 Freeway frontage, providing immediate access. Situated on the border of Riverside and Orange County, it is located 4 miles from Orange County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.539
    Latitude
    33.8551

    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
    • $1,200,000
      2,300 SF

      Standalone Retail Building with Drive-Thru

      2,300 SF retail building with drive-thru in Corona, CA.
      620 N MAIN Street, Corona, CA 92878
      View Details
    • $499,900

      Land Ready to Build

      Prime lot in Corona, ready for development after grading.
      0 Weirick Rd, Corona, CA 92883
      View Details
    • $499,900

      Corona Land Ready to Build

      Prime lot in Corona, ready for development.
      8355 Weirick, Corona, CA 92883
      View Details
    • $250,000
      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
    • $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
    • $298,988

      Established Salon Business Opportunity

      Profitable salon business for sale in Corona, California.
      McKinley Street, Corona, CA 92879
      View Details
    • $435,000
      941 SF

      Upgraded Condo in Gated Community

      Turnkey rental condo with modern upgrades and community amenities.
      1020 La Terraza, Corona, CA 92879
      View Details
    • $360,000
      724 SF

      Upgraded Condo in Gated Community

      Turnkey rental condo with upgrades and community amenities.
      1015 La Terraza, Corona, CA 92879
      View Details
    • $355,000
      642 SF

      Turnkey Condo in Corona Ranch

      Upgraded condo with modern amenities in a gated community.
      1010 La Terraza, Corona, CA 92879
      View Details

    FAQs

    What type of property is this?
    Commercial land - 34.62 acre project with freeway frontage and access.
    Where is this commercial land located?
    The property is located at NE of Green River Rd and 91 Fwy Bldg 4 Corona, CA.
    What are key features of this property?
    This property features: 91 Freeway Frontage With Immediate Access; Unique BTS (Build‑to‑Suit) Opportunities From 80‑285K SF (Footprint); Finished Parcels From 4.31 - 13.08 Acres
    (949) 296-3605 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wade Tift
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!