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    Neq 2 & Lincoln Ave Corona, CA 92882

    • Land
    • 2.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Neq 2 & Lincoln Ave

    Lot size
    2.06 lot acres
    Property type
    Land
    Property subtype
    Gas stations

    Description

    This exceptional 2.06-acre commercial land parcel presents a unique investment opportunity in Corona, California. Located at the northeast quadrant of 2nd and Lincoln Avenue, this property is zoned for commercial use and ideally suited for the development of a gas station. The single-tenant site offers significant potential for a high-traffic location given its strategic positioning. The expansive lot size provides ample space for building construction, fuel storage, and convenient customer parking. Situated in Sagadahoc County, this property benefits from established infrastructure and easy access to major transportation routes, ensuring convenient access for both customers and suppliers. The property is currently available for lease, offering a blank canvas for a prospective business owner to establish a thriving enterprise. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a prime commercial lot in a rapidly growing area of Corona, CA. Don't miss out on this chance to secure a valuable asset in a high-demand location. The zip code is 92882. Further inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Sagadahoc
    State
    California
    Longitude
    -117.585
    Latitude
    33.8631

    Comparable in this City

    • Value Estimation
      $620,000
      4,839 SF

      406 Lincoln Ave

      SERVICE STATION WITH FOOD MART • 4,839 SF
      406 Lincoln Ave, Corona, CA 92882-1858
      View Details
    • Value Estimation by Request
      0.27 Acres

      625 6th St

      SERVICE STATION WITH FOOD MART • 0.27 Acres
      625 6th St, Corona, CA 92882-3210
      View Details
    • Value Estimation by Request

      1735 6th St

      SERVICE STATION (FULL SERVICE)
      1735 6th St, Corona, CA 92882-2955
      View Details
    • Value Estimation by Request
      1,500 SF

      401 6th St

      SERVICE STATION WITH FOOD MART • 1,500 SF
      401 6th St, Corona, CA 92882-3352
      View Details
    • Value Estimation
      $930,000
      3,087 SF

      2270 Frontage Rd

      SERVICE STATION WITH FOOD MART • 3,087 SF
      2270 Frontage Rd, Corona, CA 92882-2813
      View Details
    • Value Estimation
      $1,005,000
      3,908 SF

      111 Lincoln Ave

      SERVICE STATION WITH FOOD MART • 3,908 SF
      111 Lincoln Ave, Corona, CA 92882-1849
      View Details

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    Similar Nearby for Lease

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      Retail Space in Corona, CA

      Retail property with high traffic exposure in Corona, California.
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      Retail Space Available For Rent

      Retail space available for lease in Corona, California.
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      2,200 SF

      Retail Space on 6th Street

      Second floor retail space available for rent in Corona.
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    Neq 2 & Lincoln Ave
    Corona, CA 92882
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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.

    More about this property
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