Flex Warehouse with Three
13659 Magnolia Avenue Corona, CA 92879
For Sale
$799,990
COMMERCIAL - Corona, CA
Property Size3,600 SF
Price / SF$222.22
Days on Market98
Property Features for 13659 Magnolia Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 115261017
Building Details
- Year built
- 1964
Listing Agency:
Pinnacle Real Estate Group
(626) 888-9808
Listed By:
LITING ZHANG · License #02121195
(909) 780-1888
Added: Apr 20
Changed: Jul 6
Last Checked: Jul 26 at 8:06AM
MLS# WS26086905
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,600 sq. ft. Corona commercial building offers a flexible layout with three suites in the front portion, and a spacious warehouse area at the rear. Each suite has its own restroom, and the property features multiple entrances; three entrances are present, with two currently closed. The front section is divisible into the three suites, supporting a multi-tenant configuration.
Located near McKinley and just south of the 91 Freeway, the property is positioned for strong visibility and high-traffic exposure. The site also benefits from a shared driveway easement with the adjacent parcel, providing practical access for tenants and customers.
With the combination of divisible front suites and rear warehouse space, the building can be used for a range of flex and commercial needs, including auto repair, retail, office, showroom, warehouse, or multi-tenant use.
Located near McKinley and just south of the 91 Freeway, the property is positioned for strong visibility and high-traffic exposure. The site also benefits from a shared driveway easement with the adjacent parcel, providing practical access for tenants and customers.
With the combination of divisible front suites and rear warehouse space, the building can be used for a range of flex and commercial needs, including auto repair, retail, office, showroom, warehouse, or multi-tenant use.
Key Highlights
- 3,600 sq. ft. Corona commercial building built in 1964
- 3 suites plus a spacious rear warehouse area
- Each of the three front suites has its own restroom
Financial Insights For Retail
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 | −$21.3k | −$5.93 |
| NOI | $49.8k | $13.83 |
3,600 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$711.5K
$622.6K – $830.1K
NOI $49,805 @ 7.0% cap · market cap 6.23%
Second Best
Flex RnD
$660.7K
$578.1K – $770.8K
NOI $46,248 @ 7.0% cap · market cap 5.78%
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 - Versatile commercial building includes three suites with restrooms and a rear warehouse area.
Where is this flex space located?
The property is located at 13659 Magnolia Avenue 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: 3,600 sq. ft. Corona commercial building built in 1964; 3 suites plus a spacious rear warehouse area; Each of the three front suites has its own restroom
