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

    480 N Mckinley St Corona, CA 92879

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

    Shopping center with strong tenants, access to major routes.

    Property Features for 480 N Mckinley St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Matt Magnaghi
    Source: Crexi

    Listing Agency: Kimco Realty Corporation Listing Agent: Matt Magnaghi

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

    Learn more

    Overview

    Retail Space in Corona Hills

    Corona Hills Plaza is a shopping center situated in a Los Angeles suburb. The property features direct frontage on McKinley Street and Route 91, providing access to Orange County and the Inland Empire. The center is anchored by strong tenants.
    Location Intelligence

    Current Use by Public Records

    Costco Bakery Bakery Costco Gas Gas Station T-Mobile Mobile Phone Store Costco Vision Center Ophthalmologist Dr. Jenee Lee Physician

    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.

    Similar Places Nearby

    McKinley Crossroads II, Coinstar Kiosk | Bitcoin ATM, Los Arcos Plaza, Corona Hills Plaza, Corona Hills Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.5246791
    Latitude
    33.8868111

    Nearby Similar for Lease

    • $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
    • $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
    • $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
    • Contact for pricing
      223,851 SF

      High-Image Industrial Headquarters For Rent

      Fully air-conditioned industrial building with office space and loading positions.
      1851 California Ave, Corona, CA 92881
      View Details
    • $1,500 /Mo

      Office Space For Lease

      Office suites available from 200 to 3000 square feet.
      1245 W 6Th St, Corona, CA 92882
      View Details
    • $499 /Mo

      Versatile Office Space Available

      Office suites for lease, suitable for various professional uses.
      1245 W 6Th St, Corona, CA 92882
      View Details
    • $750 /Mo

      Versatile Office Space Available

      Office suites for lease, build to suit options available.
      1245 W 6Th 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
    • $5,760 /Mo

      High Visibility Office Space Available

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

      Retail Space in Revitalization Zone

      Retail space available in a high-traffic shopping center.
      705 N Main St, Corona, CA 92880
      View Details
    • Contact for pricing

      Restaurant Pad in Corona Center

      Freestanding drive-thru restaurant pad available in Corona shopping center.
      2621-2721 Green River Rd, Corona, CA 92882
      View Details
    • $2 SF/Yr

      Corona Office or Retail Suites

      Versatile suites suitable for office or retail in Corona.
      2071 Compton Ave, Corona, CA 92881
      View Details

    FAQs

    What type of property is this?
    Shopping center - Shopping center with strong tenants, access to major routes.
    Where is this shopping center located?
    The property is located at 480 N Mckinley St Corona, CA.
    What are key features of this property?
    This property features: - Strong anchor tenants; - Direct frontage off McKinley St. and Rte. 91; - Located in a major suburb of Los Angeles
    Request Owner's contact information
    480 N Mckinley St Corona, CA 92879
    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.
    480 N Mckinley St
    Corona, CA 92879
    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
    480 N Mckinley St Corona, CA 92879
    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
    Matt Magnaghi
    Real Estate License ID: 02019850
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!