Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corona Flex Space Available Title is generated by Realmo AI

    591 N Smith Ave, Corona, CA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multi-tenant building with 7,321 square feet available for rent.

    Type:INDUSTRIAL
    Property size:
    7,321 SF
    Lot size:
    4.88 Acres
    Added:
    Jan 1, 2020
    Days on Market:
    2342
    Last Refresh:
    May 19 at 10:50 pm

    Property Features for 591 N Smith Ave

    General Information

    Standard status
    Active
    Size
    7,321 SF
    Lot size
    4.88 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 591 N Smith Ave Contact us

    We can help!

    Listing Contact
    Timothy Hawke, SIOR

    Listing agent Timothy Hawke, SIOR

    Listing office Strata Realty

    Listing date Jan 1, 2020

    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 Strata Realty

    HighLights

    • Located in Airport Business Park
    • Multi‑Tenant Building
    • 3 Phase Power available
    • Two (2) 12'x12' GL Door
    • 100 Amps, 120/208 Volts
    • Fire Sprinklers installed

    Overview

    This multi-tenant building is located in Airport Business Park. The property offers 7,321 square feet of flex space. It features 100 Amps, 120/208 Volts, 3 Phase Power and two 12'x12' grade-level doors. The building is equipped with fire sprinklers.
    Location Intelligence

    Current Use by Public Records

    Jiffy Mixer Co ... Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.59
    Latitude
    33.8964

    Nearby Similar for Lease

    • $1,980/Mo
      1,000 SF

      Professional Office Space in Corona

      1,000 SF office space in a desirable Corona location.
      1009 S Victoria, Corona, CA 92879
      View Details
    • $1,980/Mo
      1,000 SF

      Professional Office Space in Corona

      Professional office space in a desirable Corona location for lease.
      1009 S Victoria, Corona, CA 92879
      View Details
    • $3 SF/Yr
      2,800 SF

      Versatile Space in Corona Center

      2,800 sq ft unit ideal for medical or retail.
      685 E Grand Blvd 101, Corona, CA 92879
      View Details
    • $1.95 SF/Yr
      42,345 SF

      Medical Office Space in Corona

      Commercial property near Corona Regional Medical Center available for lease.
      760 S Washburn Ave, Corona, CA 92882
      View Details
    • $1.75 SF/Yr
      46,068 SF

      Medical Office Space in Corona

      Medical office space near Corona Regional Medical Center and major freeways.
      900 S Main St., Corona, CA 92882
      View Details
    • $1.60 SF/Yr
      8,286 SF

      Freeway Frontage Industrial Unit

      Industrial unit with freeway access, roll-up doors, and fenced yard.
      110 N Washburn Cir, Corona, CA 92882
      View Details
    • $1.30 SF/Yr
      4,320 SF

      Industrial Space Near 91 Freeway

      Flex space with M2 zoning, close to 91 Freeway.
      232 N Sherman Ave, Corona, CA 92882
      View Details
    • $1.55 SF/Yr
      3,600 SF

      Corona Industrial Flex Space Available

      Multi-tenant industrial business park with customizable suites for rent.
      1781 & 1791 Capital Street, Corona, CA 92880
      View Details
    • $5,760/Mo

      High Visibility Office Space Available

      Office unit with high-quality finishes and freeway visibility.
      4740 Green Riv, Corona, CA 92880
      View Details
    • $2 SF/Yr
      30,000 SF

      Medical Offices For Lease

      Medical offices available for lease in a convenient neighborhood location.
      14252 Schleisman Road, Corona, CA 92880
      View Details
    • $2 SF/Yr
      67,590 SF

      Office Space with Freeway Signage

      Office property with high visibility and convenient amenities nearby.
      200 S. Main St., Corona, CA 92882
      View Details
    • Contact for pricing
      75,851 SF

      Corona Industrial Property with Yard

      Industrial leasing opportunity with yard space and flexible lease terms.
      1428 E 6th St, Corona, CA 92879
      View Details

    FAQs

    What type of property is this?
    Flex space - Multi-tenant building with 7,321 square feet available for rent.
    Where is this flex space located?
    The property is located at 591 N Smith Ave Corona, CA.
    What is the lease rate?
    The lease rate is $0.99 SF/Yr.
    What are key features of this property?
    This property features: Located in Airport Business Park; Multi‑Tenant Building; 3 Phase Power available
    (951) 280-1733 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Timothy Hawke, SIOR
    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
    591 N Smith Ave, Corona, CA
    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!