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    Corona Warehouse with Fenced Yard Title is generated by Realmo AI

    1241 Old Temescal Rd, Corona, CA 92881

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    Available warehouse space with flexible options and fenced yard.

    Type:Industrial
    Property size:
    127,821 SF
    Added:
    Jan 22, 2024
    Days on Market:
    862
    Last Refresh:
    May 12 at 8:28 pm

    Property Features for 1241 Old Temescal Rd

    General Information

    Standard status
    Active
    Size
    127,821 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1991

    Spaces For Lease

    at 1241 Old Temescal Rd Contact us

    Unit 103 $1.10/Mo

    Size
    87,248 SF
    Type
    Industrial
    - 87,248 sq. ft. that is part of a larger 206,024 sq. ft. building available for...
    show more
    Contact us

    We can help!

    Listing Contact
    Kevin Romano

    Listing agent Kevin Romano License #CA 02025562

    Listing office Inco Commercial Brokerage

    Listing date Jan 22, 2024

    Source Crexi

    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 Inco Commercial Brokerage

    HighLights

    • Large available space: 127,821 SF total, divisible to 40,553 SF and 87,248 SF
    • Flexible availability: 87,248 SF available now, 40,533 SF available 8/1
    • Competitive lease rates: $1.00 per SF (combined) or $1.10 per SF (individual units)
    • Ample power supply: 1,200 Amps, 277/480 Volts, 3 Phase
    • Benefit from dock high loading and ground level doors for efficient logistics
    • Large Private Fenced Yard

    Overview

    This commercial real estate offers 127,821 square feet of available warehouse space, divisible into 40,553 square feet and 87,248 square feet. The 87,248 square feet portion is currently available, while the 40,533 square feet section will be available starting August 1st. The property features a ceiling height of 30 feet and includes dock-high loading capabilities, along with ground-level doors. A large, private, fenced yard is included. The electrical system provides 1,200 Amps, 277/480 Volts, 3 Phase power, with an 800 Amp meter in Unit 103 and a 400 Amp meter in Unit 102. The fire sprinkler system is rated at 0.60/3,000 GPM, and a portion of the Unit 103 warehouse is equipped with ESFR (K25 Heads). The lease rate is $1.00 per square foot Gross for both units combined, or $1.10 per square foot Gross for each unit individually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kap Medical Building ... Community Center Circor Aerospace Inc Corporate Office Cincolink Inc Warehouse & Storage Anatomic Global Medical Supply Store

    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

    • omega — 1101 California Ave, Corona, CA 92881
    • Nasco Gourmet Foods — Olympic Dr, Corona, CA 92881
    • Ultimate Detailing 07/28 — 2153 Garretson Ave, Corona, CA 92879
    • SecurCare Self Storage — 2050 Compton Ave, Corona, CA 92881

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.5404974
    Latitude
    33.8545714

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    FAQs

    What type of property is this?
    Warehouse - Available warehouse space with flexible options and fenced yard.
    Where is this warehouse located?
    The property is located at 1241 Old Temescal Rd Corona, CA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Large available space: 127,821 SF total, divisible to 40,553 SF and 87,248 SF; Flexible availability: 87,248 SF available now, 40,533 SF available 8/1; Competitive lease rates: $1.00 per SF (combined) or $1.10 per SF (individual units)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Romano
    Real Estate License ID: CA 02025562
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    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.

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