Technical
Financial
Distress signals
Property profile

1101 California Ave Corona, CA 92881

FOR LEASE
Office buildings
Property ID
US09-0610990
37,843 SF 1.98 ac lot Built 1990
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction TILT-UP CONCRETE
Total area 37,843 SF
Lot 1.98 ac (86,248 SF)
Zoning code M4
APN 107-160-035
UPID US09-0610990

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electrical Service
  • Real Estate Agency
  • High School
  • Training Center Tutoring Service
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

1101 California Ave Corona, CA 92881
Corona metro Census 41809 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.18M

Owner & transaction history

since 2021
Last sale
$7.0M
7 recorded transactions
2021
$7.0M
2021
Price N/A
2016
$5.7M
2008
Price N/A
2001
$5.0M
1997
$2.3M
1996
$2.5M

Zoning & alternative use

M4 · Corona, CA
Zoning description

M-4 Industrial Park Zone . (1) The M-4 (Industrial Park) Zone is designed to provide attractive sites for restricted industrial development at desirable locations in an environment designed for industrial concerns engage…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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