Corona Mixed-Use Investment
For Sale
$960,000
1185 W Grand, Corona, CA 92882
Mixed-use property with retail/office and residential units in Corona.
Property Size4,800 SF
Lot Size0.23 Acres
Price / SF$200
Days on Market315
Property Features for 1185 W Grand
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.23 Acres
Property subtype
Mixed Use
Building Details
Year Built
1962
Stories
2
Listing Agency:
Realty One Group West
Listed By:
Steven Doan · License #01378506
(949) 677-9055
Source:
Kw
Added: Dec 21, 2025
Changed: Oct 31
Last Checked: Oct 30 at 8:28PM
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 Realty One Group West
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Investment Insights
Based on property information with market context.
Located in the heart of downtown Corona, this mixed-use property at 1175 & 1185 W. Grand Blvd. presents a unique investment opportunity. The property features two commercial units in warm shell condition and two oversized residential units on the second level. Each residential unit includes 2 bedrooms and 2 full bathrooms, with separate electrical meters. One of the residential units has been recently remodeled. The tenants are currently on a month-to-month basis. The building size is approximately 4,800 square feet, situated on a lot of approximately 10,018 square feet. The property consists of a double lot with separate parcels. The location is considered very walkable with a walk score of 73 and somewhat bikeable with a bike score of 44. Public transportation is minimal, with a transit score of 23. The property is being sold in as-is condition.
Key Highlights
- Mixed‑use property with 2 commercial units and 2 residential units.
- Located in the heart of Corona/The Circle Downtown Corona, near Main Street.
- Double lot with separate parcels (APN:117‑255‑014 & 117‑255‑015).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,800
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,000
$1.3M
Cap Rate 7%
$925,714
$925.7K
Cap Rate 9%
$720,000
$720.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$115.2K $24.00/SF
− Vacancy
−$11.5K −$2.40/SF
EGI
$103.7K $21.60/SF
− OpEx
−$38.9K −$8.10/SF
NOI
$64.8K $13.50/SF
Area
Corona, CA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,000
Cap Rate 7%
$925,714
Cap Rate 9%
$720,000
Alternative Uses
Best Use
Mixed Use
$925.7K
$810.0K – $1.08M
NOI $64,800 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,509 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 92882, CA
67,894
Population
20,757
Households
3.3
Avg Household Size
36
Median Age
29%
College-Educated
85%
High-School Grad
11.8 sq mi
ZIP Area
5,754
Density / Sq Mi
$100,668
Median Household Income
$46,092
Median Earnings
$2,093
Median Rent
$653,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail/office and residential units in Corona.
Where is this mixed-use property located?
The property is located at 1185 W Grand Corona, CA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Mixed‑use property with 2 commercial units and 2 residential units.; Located in the heart of Corona/The Circle Downtown Corona, near Main Street.; Double lot with separate parcels (APN:117‑255‑014 & 117‑255‑015).
