Add Listing
    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

    1228 Sherborn St Corona, CA 92879

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding building with convenient freeway access available for rent.

    Type:INDUSTRIAL
    Property size:
    68,394 SF
    Lot size:
    3.61 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 1 at 9:03 pm

    Property Features for 1228 Sherborn St

    General Information

    Standard status
    Active
    Size
    68,394 SF
    Lot size
    3.61 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Timothy Hawke, SIOR

    Listing agent Timothy Hawke, SIOR

    Listing office Strata Realty

    Listing date Jan 27, 2026

    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

    Overview

    Freestanding Building with Ample Parking

    This freestanding building offers a total area of 68,394 square feet and is available for rent. The building can be divided to accommodate spaces as small as 24,350 square feet. It features a 28-foot clear height, ample parking, and substantial power with a 2,000 amp 277/480 volt electrical supply. Loading and unloading are facilitated by six dock-high doors and four ground-level doors. The property benefits from convenient access to both the 15 and 91 Freeways, enhancing its accessibility for transportation and logistics.
    Location Intelligence

    Current Use by Public Records

    Sunshine Metals Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -117.535
    Latitude
    33.8665

    Nearby Similar for Lease

    • $2/mo

      Prime Commercial Space in Corona

      High-traffic location suitable for medical, wellness, or professional office uses.
      1561 E Ontario Avenue 1561, Corona, CA 92881
      View Details
    • Contact for pricing

      Professional Office Space in Corona

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

      Prime Corona Retail Opportunity

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

      High Visibility Office Space Available

      Office unit with high-quality finishes and freeway visibility.
      4740 Green Riv, Corona, CA 92880
      View Details
    • Contact for pricing

      Retail Space Freeway Frontage Location

      Retail space available 1/1/2026 with freeway frontage and signage.
      2410 Wardlow Rd, Corona, CA 92878
      View Details
    • $2/mo

      Corona Office or Retail Suites

      Versatile suites suitable for office or retail in Corona.
      2071 Compton Ave, Suites 104 & 105, Corona, CA 92881
      View Details
    • $1.95/mo

      Medical Office Space in Corona

      Commercial property near Corona Regional Medical Center available for lease.
      760 S Washburn Ave, Corona, CA 92882
      View Details
    • $1.55/mo

      Corona Industrial Flex Space Available

      Multi-tenant industrial business park with customizable suites for rent.
      1781 & 1791 Capital Street, Corona, CA 92880
      View Details
    • $1.75/mo

      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
    • $1.65/mo

      Corona Office Space Available

      Office space available for lease in Corona, California.
      710 East Parkridge Avenue, Corona, CA 92879
      View Details
    • Contact for pricing

      Corona Industrial Property with Yard

      Industrial leasing opportunity with yard space and flexible lease terms.
      1428 E 6th St, Corona, CA 92879
      View Details
    • $2/mo

      Retail Space Available For Rent

      Retail space available for rent in Corona, California.
      716 W 6th St, Corona, CA 92882
      View Details

    FAQs

    What type of property is this?
    Specialty property - Freestanding building with convenient freeway access available for rent.
    Where is this specialty property located?
    The property is located at 1228 Sherborn St Corona, CA.
    What are key features of this property?
    This property features: Convenient access to 15 & 91 Freeways.; Divisible to 24,350 SF.; Benefit from the **28’ clear height**.
    (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

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