Two-Story Multi-Tenant Office
For Sale
Contact for pricing
2275 S Main St, Corona, CA 92879
Well-maintained two-story office building in Corona, suited for multiple tenant arrangements.
Property Size44,116 SF
Price / SF$201.74
Days on Market57
Property Features for 2275 S Main St
General Information
Standard status
Active
Size
44,116 SF
Property subtype
OFFICE
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Ashwill Associates
(562) 447-0665
Listed By:
Chantel Aguilar · License #CA 01972085
(562) 447-0665
Source:
Moodyscre
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 21 at 6:03AM
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 Ashwill Associates
Investment Insights
Based on property information with market context.
South Main Business Center is a well-maintained, two-story, multi-tenant office property designed for long-term usability. The building supports a tenant layout intended for day-to-day office operations across multiple spaces, with a configuration that benefits from its two-level structure.
Located at 2275 S Main St in Corona, California, the property is positioned within the city’s commercial area. As a multi-tenant office project, it is structured to accommodate more than one occupant, which can be advantageous for businesses seeking defined space within a shared building environment.
For investors and buyers, this offering represents the chance to acquire a professionally maintained office asset with an established multi-tenant format. For office users, the building’s organization across two stories may support a range of occupancy needs, depending on available space. Because the information provided emphasizes the property’s upkeep and multi-tenant nature, interested parties are encouraged to review the specific unit configurations and leasing terms available at inquiry.
Located at 2275 S Main St in Corona, California, the property is positioned within the city’s commercial area. As a multi-tenant office project, it is structured to accommodate more than one occupant, which can be advantageous for businesses seeking defined space within a shared building environment.
For investors and buyers, this offering represents the chance to acquire a professionally maintained office asset with an established multi-tenant format. For office users, the building’s organization across two stories may support a range of occupancy needs, depending on available space. Because the information provided emphasizes the property’s upkeep and multi-tenant nature, interested parties are encouraged to review the specific unit configurations and leasing terms available at inquiry.
Key Highlights
- Two‑story, well‑maintained multi‑tenant office building in Corona
- Designed for multiple tenant arrangements
- Office asset is described as having stable occupancy and long‑term tenant retention
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$681,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,626,560
$13.6M
Cap Rate 7%
$9,733,257
$9.7M
Cap Rate 9%
$7,570,311
$7.6M
Market Conditions
NOI Build-Up for 44,116 SF
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.
Gross rent
$1.16M $26.40/SF
− Vacancy
−$256.2K −$5.81/SF
EGI
$908.4K $20.59/SF
− OpEx
−$227.1K −$5.15/SF
NOI
$681.3K $15.44/SF
Area
Corona, CA
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,626,560
Cap Rate 7%
$9,733,257
Cap Rate 9%
$7,570,311
Alternative Uses
Best Use
Office B
$9.73M
$8.52M – $11.36M
NOI $681,328 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.72M
$12.01M – $16.01M
NOI $960,529 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 92879, CA
47,243
Population
14,919
Households
3.2
Avg Household Size
35
Median Age
23%
College-Educated
80%
High-School Grad
9.8 sq mi
ZIP Area
4,821
Density / Sq Mi
$91,862
Median Household Income
$42,496
Median Earnings
$1,968
Median Rent
$592,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office building in Corona, suited for multiple tenant arrangements.
Where is this office building located?
The property is located at 2275 S Main St Corona, CA.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Two‑story, well‑maintained multi‑tenant office building in Corona; Designed for multiple tenant arrangements; Office asset is described as having stable occupancy and long‑term tenant retention
