Corona Commercial Building with
13659 Magnolia Ave Corona, CA 92879
For Sale
$799,990
3,600 sq ft building ideal for various commercial uses.
Property Size3,600 SF
Price / SF$222.22
Days on Market97
Property Features for 13659 Magnolia Ave
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1964
Listing Agency:
US National Realty
(626) 382-1688
Listed By:
XINYANG ZHANG · License #02121195
(626) 382-1688
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 27 at 3:21AM
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 US National Realty
Investment Insights
Based on property information with market context.
This 3,600 sq. ft. commercial building in Corona features three suites and a warehouse. The property is located in a high-traffic area near the 91 Freeway and McKinley Avenue. It is suitable for auto repair, retail, office, showroom, warehouse, or multi-tenant use. The building has three entrances, two of which are currently closed. The front section is divisible into three suites, each with its own restroom. A spacious warehouse area is located at the rear of the building. The property benefits from strong visibility and high traffic exposure. It also has a shared driveway easement with the adjacent parcel. The location has a walk score of 57, indicating it is somewhat walkable, a bike score of 33, indicating it is somewhat bikeable, and a transit score of 33, indicating some transit options are available.
Key Highlights
- High‑traffic location near 91 Fwy/McKinley, offering strong visibility.
- Versatile 3,600 sq. ft. commercial building suitable for various uses.
- Divisible front section into three suites, each with its own restroom.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.8k | $21.60 |
| − Vacancy | −$6.6k | −$1.84 |
| EGI | $71.2k | $19.76 |
| − OpEx | −$24.9k | −$6.92 |
| NOI | $46.2k | $12.85 |
3,600 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$660.7K
$578.1K – $770.8K
NOI $46,248 @ 7.0% cap · market cap 5.78%
Second Best
Warehouse
$532.0K
$465.5K – $620.7K
NOI $37,241 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.12M
$979.8K – $1.31M
NOI $78,382 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Inland Empire Catering — McKinley St, Corona, CA 92879
- O C Gourmet 2 Go Catering — 3848 McKinley St, Corona, CA 92879
- the manila catering — 3848 McKinley St, Corona, CA 92879
FAQs
What type of property is this?
Flex space - 3,600 sq ft building ideal for various commercial uses.
Where is this flex space located?
The property is located at 13659 Magnolia Ave Corona, CA.
What is the asking price?
The asking price for this property is $799,990.
What are key features of this property?
This property features: High‑traffic location near 91 Fwy/McKinley, offering strong visibility.; Versatile 3,600 sq. ft. commercial building suitable for various uses.; Divisible front section into three suites, each with its own restroom.
