Warehouse with Secured Truck
For Sale
Contact for pricing
959 E 3rd St, Corona, CA 92879
Warehouse with a large concrete secured yard, motorized truck gates, and business park zoning (BP).
Property Size99,560 SF
Price / SF$308
Days on Market213
Property Features for 959 E 3rd St
General Information
Standard status
Active
Size
99,560 SF
Property subtype
INDUSTRIAL
Zoning
BP
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Construction
concrete
Listing Agency:
Voit Real Estate Services
(714) 978-7880
Listed By:
Ryan Moore · License #01821438
(909) 545-8011
Source:
Moodyscre
Added: Feb 17
Changed: Sep 12
Last Checked: Sep 18 at 4:59AM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This warehouse property includes a large concrete secured yard designed to support truck operations. The site is controlled with two motorized truck court gates, and it offers two points of ingress/egress off E 3rd Street for vehicle circulation. BP (Business Park) zoning applies to the property.
For site visibility, the property notes that 91 freeway signage may be possible. The overall building/property size is 99,560 square feet, making it suited for users seeking an industrial warehouse footprint combined with controlled yard space.
The combination of secured outdoor storage and dedicated truck access points can be beneficial for logistics-oriented tenants that need practical on-site movement and controlled entry.
For site visibility, the property notes that 91 freeway signage may be possible. The overall building/property size is 99,560 square feet, making it suited for users seeking an industrial warehouse footprint combined with controlled yard space.
The combination of secured outdoor storage and dedicated truck access points can be beneficial for logistics-oriented tenants that need practical on-site movement and controlled entry.
Key Highlights
- Large concrete secured yard for truck and storage operations
- Two motorized truck court gates
- 99,560 SF warehouse property size
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
$1,029,932
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
3.36%
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%
$20,598,640
$20.6M
Cap Rate 7%
$14,713,314
$14.7M
Cap Rate 9%
$11,443,689
$11.4M
Market Conditions
NOI Build-Up for 99,560 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
$1.31M $13.20/SF
− Vacancy
−$102.5K −$1.03/SF
EGI
$1.21M $12.17/SF
− OpEx
−$181.8K −$1.83/SF
NOI
$1.03M $10.34/SF
Area
Corona, CA
Vacancy
7.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$20,598,640
Cap Rate 7%
$14,713,314
Cap Rate 9%
$11,443,689
Alternative Uses
Best Use
Warehouse
$14.71M
$12.87M – $17.17M
NOI $1,029,932 @ 7.0% cap · market cap 3.36%
Second Best
Industrial
$13.22M
$11.57M – $15.42M
NOI $925,287 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$30.97M
$27.10M – $36.13M
NOI $2,167,700 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- US Storage Centers — 1512 Circle City Dr, Corona, CA 92879
- Self-Storage at U-Haul — 314 E 6th St, Corona, CA 92879
- Dollar Self Storage — 1065 E 3rd St, Corona, CA 92879
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with a large concrete secured yard, motorized truck gates, and business park zoning (BP).
Where is this warehouse located?
The property is located at 959 E 3rd St Corona, CA.
What is the asking price?
The asking price for this property is $30,664,480.
What are key features of this property?
This property features: Large concrete secured yard for truck and storage operations; Two motorized truck court gates; 99,560 SF warehouse property size
