1101 California Ave Corona, CA 92881
- Office buildings
- 37,843 SF
- 1.98 lot acres
Current Use by Public Records
- First Energy Systems Corp / Solar Energy System Service
- Titan Realty / Real Estate Agency
- Skills Workstation / Professional Services / School
- Autism Spectrum Consultants / Education Center
- ThinSpring / Software Company
Property Details for 1101 California Ave
- Year built
- 1990
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.98 lot acres
- Property size
- 37,843 SF
- Zone code
- M4
- Property type
- Office buildings
- APN
- 107-160-035
- APU
- 107160035
Description
This exceptional two-story office building, located at 1101 California Ave, Corona, CA 92881 (cross streets: Rimpau Ave.), offers 39,362 square feet of versatile space. Completely renovated in 2021, the property boasts a desirable traditional office layout with the added benefit of executive suites. The building features convenient elevator service, ample parking, and a pleasant interior open courtyard. Multiple tenancy options are available, ranging from 185 square feet to 2,026 square feet, catering to a variety of business needs. Situated in the thriving Corona business district within Riverside County, this property provides excellent accessibility and visibility. The building's modern design and amenities create a professional and inviting atmosphere for tenants. With its strategic location and flexible space options, this property presents a unique opportunity for businesses seeking a high-quality office environment in a dynamic market. The entire building is currently vacant, providing a blank canvas for a single tenant or the opportunity to lease to multiple tenants. This is a rare opportunity to secure a substantial and well-maintained office building in a prime Corona location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,100,000
- 6.5%
- $7,470,000
- 7%
- $6,400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,160,000
- Geo Method
- $6,395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,055,000
- Retail
- $7,525,000
- Mixed-Use
- $8,185,000
- Hospitality
- $5,950,000
- Educational
- $7,905,000
- Residential Income
- $8,295,000
- Energy
- $6,550,000
- Income-Based Land
- $8,185,000
- Food Service
- $6,450,000
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Riverside
- State
- California
- Longitude
- -117.544
- Latitude
- 33.8622
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
