Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1024 Main St Corona, CA 92882-4448
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1024 Main St Corona, CA 92882-4448

    View on Map
    • Office buildings
    • 0.20 lot acres
    Off-Market
    Property ID
    US09-1219972
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Legion Post 216 Corona CA / Advocacy Group / Social Service Agency
    • Tms Consortium / Real Estate Agency
    • C & I Inc / Event Planning / Party Supply Store

    Property Details for 1024 Main St

    Lot size
    0.20 lot acres
    Zone code
    CP
    Property type
    Office buildings
    APN
    117-254-001
    APU
    117254001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.568
    Latitude
    33.8705
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,655
    $64,805
    $75,216
    $140,021
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4.59 Acres

      1149 Pomona Rd Ste H

      OFFICE BUILDING • 4.59 Acres
      1149 Pomona Rd Ste H, Corona, CA 92882-7602
      View Details
    • Value Estimation by Request

      195 Ontario Ave Ste, Unit 102

      OFFICE BUILDING
      195 Ontario Ave Ste, Corona, CA 92882-5276
      View Details
    • Value Estimation by Request
      2.51 Acres

      90 Grand Blvd Ste, Unit 109

      OFFICE BUILDING • 2.51 Acres
      90 Grand Blvd Ste, Corona, CA 92882-2049
      View Details
    • Value Estimation by Request

      268 Lincoln Ave Ste, Unit 15

      OFFICE BUILDING
      268 Lincoln Ave Ste, Corona, CA 92882-7102
      View Details
    • Value Estimation
      $2,625,000
      16,830 SF

      1307 6th St

      OFFICE BUILDING • 16,830 SF
      1307 6th St, Corona, CA 92882-3294
      View Details
    • Value Estimation
      $1,695,000
      8,640 SF

      1245 6th St

      OFFICE BUILDING • 8,640 SF
      1245 6th St, Corona, CA 92882-1870
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Corner Commercial Building For Sale

      Prime corner location ideal for office or retail space.
      1066 West 6Th St, Corona, CA 92882
      View Details
    • $1,900,000
      1,330 SF

      Prime Corner Commercial Building

      High-visibility commercial building in a revitalizing downtown area.
      1066 W 6Th St, Corona, CA 92882
      View Details
    • $1,700,000

      Corona Office Building For Sale

      Multi-tenant office building in downtown Corona revitalization area.
      815 S Main St, Corona, CA 92882
      View Details
    • $1,700,000
      7,730 SF

      Corona Commercial Office Building For Sale

      Multi-tenant office building in downtown Corona revitalization area.
      815 S Main St, Corona, CA 92882
      View Details
    • $2,250,000
      6,250 SF

      Commercial Property on Grand Boulevard

      Commercial property available for sale on Grand Boulevard.
      970 W Grand Blvd, Corona, CA 92882
      View Details
    • $1,175,000
      4,800 SF

      Corona Mixed-Use Property For Sale

      Four-unit mixed-use property in the heart of Corona, California.
      1185 W Grand Blvd, Corona, CA 92882
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      321 S Main St, Corona, CA 92882
      View Details
    • Contact for pricing
      3,680 SF

      Industrial Space with Freeway Access

      Multi-tenant building with immediate freeway access and office space.
      1251 Pomona Rd, Corona, CA 92882
      View Details
    • $1.95 SF/Yr

      Medical Office Space in Corona

      Commercial property near Corona Regional Medical Center available for lease.
      760 S Washburn Ave, Corona, CA 92882
      View Details
    • Contact for pricing

      Corona Medical Art Building

      Medical office space near Corona Regional Medical Center.
      760 S Washburn Ave, Corona, CA 92882
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1024 Main St
    Corona, CA 92882-4448
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!