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Property profile & analytics
OFF-MARKET Estimated value $8,700,000
Grocery and convenience stores

109 Mckinley St Corona, CA 92879-1202

54,758 SF 4.28 ac lot Built 1990
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-0120135
Property summary
AI-generated overview

This exceptional 55,000-square-foot retail property, located at 109 N McKinley Street in Corona, California (zip code 92879), presents a unique investment opportunity. The single-tenant building, constructed in 1990, boasts ample parking with 255 spaces. Its convenient location offers excellent accessibility, situated directly off McKinley Street and the 91 Freeway, with the added benefit of proximity to the 15 Freeway (just 2 miles east). The property features a supermarket/storefront configuration, ideal for a variety of retail uses. Currently undergoing renovations, the office and mezzanine areas are being updated to enhance functionality and appeal. A significant advantage is the ongoing city construction project, the McKinley Street Grade Separation, scheduled for completion in 2024. This project is expected to dramatically improve visibility and accessibility to the property, increasing its overall value and attracting a wider range of potential tenants. The property's APN is 172050006. This is a rare opportunity to acquire a substantial retail space in a rapidly growing area with significant future development potential. The building does not include elevators. The property is available for sale or lease.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1990
Construction TILT-UP CONCRETE
Total area 54,758 SF
Lot 4.28 ac (186,436 SF)
Zoning code R106
APN 172-050-006
UPID US09-0120135
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Coinstar Bank Credit Union
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$8.70M
CAP Approach CAP
$11.66M
Comparable Approach Comparable
$10.95M
Blend (final) Blend
$8.70M
Owner & transaction history
Farm Springs LLC · 2 yrs held
Farm Springs LLC
since 2024
Last sale
$8.7M
6 recorded transactions
2024
$8.7M
2021
$4.8M
2010
Price N/A
2008
Price N/A
2005
$2.8M
1989
$1.1M
Zoning & alternative use
R106 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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