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Property profile & analytics
FOR SALE
Manufacturing properties
1141 California Ave Corona, CA 92881
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3108151
For Sale
1 / 10
$16,950,000
1141 California Ave, Corona, CA 92881
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
48,844 SF
Lot
2.52 ac (109,771 SF)
APN
107-160-054
UPID
US09-3108151
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
-
Lions Floor Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.69M
Blend (final)
Blend
$15.96M
Owner & transaction history
Rocket Properties LLC · 2 yrs held
Rocket Properties LLC
since 2024
Last sale
$16.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$22.7M
+82.3%
Auto repair, garage
$21.1M
+69.7%
Office building
$14.8M
+19.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,955,000
ML approach
$15,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,425,000
Current use
RETAIL STORES
$22,650,000
Change: +82% · Conversion: Moderate
AUTO REPAIR, GARAGE
$21,090,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$14,800,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$15.96M
Range $14.36M – $17.55M · ±10% · vs last sale $15.96M (Mar 25 2024)
Last sale anchor
$15.96M
Mar 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$327 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$134,461
Tax year 2024
Assessed value
$12,036,000
Assessed 2024
Previous assessed
$12,036,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$3,131,400
Assessed improvement
$8,904,600
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
48,844 SF
Lot
2.52 ac (109,771 SF)
APN
107-160-054
UPID
US09-3108151
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.4M
RETAIL STORES
Est. value
$22.7M
AUTO REPAIR, GARAGE
Est. value
$21.1M
OFFICE BUILDING
Est. value
$14.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Rocket Properties LLC
Entity
Mailing address
9435 SORENSEN AVE, SANTA FE SPRINGS, CA 90670-2652
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
—
Rocket Properties LLC
—
Deed
related
$5,385,000 · Southland Economic Development Corporati
Mar 25, 2024
$15,956,000
Rocket Properties LLC
Ppvs Properties LLC
Grant Deed
$7,400,000 · First Citizens Bank & Trust Co
Jun 23, 2023
$11,800,000
Ppvs Properties LLC
Corona Dkcb Realty LLC
Grant Deed
$11,800,000 · Western Alliance Bank
Mar 3, 2005
—
Corona Dkcb Realty LLC
Cca Realty LLC
Quit Claim Deed
related
—
May 1, 1990
$2,100,000
Cpi Realty
Cal Spectrum Par
Grant Deed
—
—
—
Cpi Realty
—
Deed Of Trust
related
$1,575,000 · First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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