Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    760 S Washburn Ave Corona, CA 92882

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.95 SF/Yr ($6,881 /Mo)

    Commercial property near Corona Regional Medical Center available for lease.

    Property size:
    42,345 SF
    Lot size:
    42,345 SF

    Property Features for 760 S Washburn Ave

    General Information

    Size
    42,345 SF

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Brett Larson, JD, CCIM
    Source: Svn

    Listing Agent: Brett Larson, JD, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Space in Corona

    The commercial property at 760 Washburn Ave, located in Corona, California, offers space for lease. The property, known as the Medical Art Building, is situated in downtown Corona, adjacent to Corona Regional Medical Center, a 160-bed acute care hospital. It is accessible via Main Street, a major thoroughfare, and is located approximately 0.5 miles south of the 91 Freeway. The lease rate is $1.95 per square foot per month on a NNN basis. The property has a total size of 42345 square feet.
    Location Intelligence

    Current Use by Public Records

    CHI-CHING YU Acupuncturist Bora Shin Medical Clinic Profound Youth Acupuncture Acupuncture Clinic Mind-Body Acupuncture Clinic Acupuncture Clinic Urgent Access Urgent Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Richard Yamaguchi DVM, Corona Community Veterinary Hospital, AAA Animal Hospital, Strathman Randy L DVM, Equine Veterinary Specialist

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.5685685
    Latitude
    33.8737754

    Nearby Similar for Lease

    • $8,500 /Mo
      1,300 SF

      Mixed-Use Commercial Property for Lease

      Mixed-use commercial property with high visibility and easy access.
      19594 Temescal Canyon Rd, Corona, CA 92881
      View Details
    • New
      Contact for pricing
      4,489 SF

      Corona Office Space For Lease

      Prime office space near Corona Regional Medical Center available for lease.
      175 E 9Th St, Corona, CA 92879
      View Details
    • $2 SF/Yr
      6,200 SF

      Prime Commercial Space in Corona

      High-traffic location suitable for medical, wellness, or professional office uses.
      1561 E Ontario Ave, Corona, CA 92881
      View Details
    • New
      $1,980 /Mo
      1,000 SF

      Professional Office Space in Corona

      1,000 SF office space in a desirable Corona location.
      1009 S Victoria Ave, Corona, CA 92879
      View Details
    • Contact for pricing
      75,851 SF

      Corona Industrial Space with Yard

      Flexible industrial spaces with yard, dock-high loading, and heavy zoning.
      1428 E 6Th St, Corona, CA 92879
      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
    • Contact for pricing
      75,851 SF

      Corona Industrial Unit with Yard

      Industrial unit with yard, office, and flexible loading options.
      1430 E 6Th St, Corona, CA 92879
      View Details
    • $1,500 /Mo
      25,135 SF

      Prime Corona Retail Opportunity

      Versatile space in a high-traffic Corona location.
      508 S Smith Ave, Corona, CA 92882
      View Details
    • Contact for pricing

      West Corona Industrial Sublease Opportunity

      High-finish industrial space with office, warehouse, and manufacturing capabilities.
      Corona, CA 92880
      View Details
    • $40,346

      Retail Space at Signalized Corner

      Prime retail location with high visibility and traffic.
      910 W Ontario Ave, Corona, CA 92881
      View Details
    • $0.99 SF/Yr
      78,327 SF

      New Warehouse with Freeway Frontage

      Brand new, state-of-the-art warehouse with excellent freeway visibility.
      14 Longitude Way, Corona, CA 92881
      View Details
    • Contact for pricing
      962,326 SF

      Corona Retail Center Investment Opportunity

      Prime Retail Space Available in Corona, CA
      0 I-15 & Cajalco Rd, Corona, CA 92881
      View Details

    FAQs

    What type of property is this?
    Medical office - Commercial property near Corona Regional Medical Center available for lease.
    Where is this medical office located?
    The property is located at 760 S Washburn Ave Corona, CA.
    What is the lease rate?
    The lease rate is $1.95 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Downtown Corona, adjacent to Corona Regional Medical Center.; - Easy access to Main St., a major city thoroughfare.; - Close proximity to the 91 Freeway (1/2 mile south).
    (951) 532-4713
    Request Owner's contact information
    760 S Washburn Ave Corona, CA 92882
    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.
    760 S Washburn Ave
    Corona, CA 92882
    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
    760 S Washburn Ave Corona, CA 92882
    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

    We can help!
    Listing Contact
    Brett Larson, JD, CCIM
    Real Estate License ID: CalDRE #01947115
    (951) 532-4713
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.