Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11800 De Palma Rd Corona, CA 92883-8498

    • Grocery and convenience stores
    • 1.73 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3685317
    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.

    Current Use by Public Records

    • US Bank Mortgage / Loan Service / Bank
    • Vons Pharmacy / Pharmacy
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Vons / Grocery & Convenience Store / Food Market

    Property Details for 11800 De Palma Rd

    Year built
    2008
    Construction
    WOOD
    Lot size
    1.73 lot acres
    Zone code
    SP
    Property type
    Grocery and convenience stores
    APN
    290-670-023
    APU
    290670023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.453
    Latitude
    33.7476
    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
    $119,451
    $412,394
    $10,346,517
    $10,758,911
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,425,000
      48,747 SF

      2243 Eagle Gln Pkwy

      GROCERY, SUPERMARKET • 48,747 SF
      2243 Eagle Gln Pkwy, Corona, CA 92883-0785
      View Details
    • Value Estimation by Request

      11762 De Palma Rd, Unit 1C

      STORE, RETAIL OUTLET
      11762 De Palma Rd, Corona, CA 92883-4010
      View Details
    • Value Estimation by Request

      2225 Eagle Gln Pkwy Ste, Unit 105

      RETAIL STORES (PERSONAL SERVICES)
      2225 Eagle Gln Pkwy Ste, Corona, CA 92883-4402
      View Details
    • Value Estimation
      $6,045,000
      18,207 SF

      2798 Troy Ct

      RETAIL STORES (PERSONAL SERVICES) • 18,207 SF
      2798 Troy Ct, Corona, CA 92883-5631
      View Details
    • Value Estimation
      $695,000
      5,213 SF

      11764 De Palma Rd

      FINANCIAL BUILDING • 5,213 SF
      11764 De Palma Rd, Corona, CA 92883-8497
      View Details
    • Value Estimation
      $625,000
      3,840 SF

      Corona, CA 92883

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      Corona, CA 92883
      View Details

    Similar Nearby for Sale

    • $3,200,000
      5,123 SF

      Corona Retail Pad - $3.2M

      Prime Retail, Drive-Thru, 5,123 SF
      11764 De Palma Rd, Corona, CA 92883
      View Details
    • $250,000
      1,890 SF

      Established Restaurant Business Opportunity

      Profitable, fully-equipped taco restaurant business for sale in Corona, CA.
      3935 Bedford Canyon Rd, Corona, CA 92883
      View Details
    • Contact for pricing
      357 SF

      Shops at Dos Lagos Retail

      350,000+ sq ft retail space in idyllic open-air setting.
      2715-2810 Cabot Dr, Corona, CA 92883
      View Details
    • $730,000
      435,600.00 Acres

      Remarkable 10-Acre Corona Parcel

      10-acre parcel near Dos Lagos shopping center with mountain views.
      N Weirick Rd, Corona, CA 92883
      View Details
    • $589,000
      21,344.00 Acres

      Land in Gated Community

      Corner lot in The Retreat, ideal for custom build.
      8341 Kiley Ct, Corona, CA 92883
      View Details
    • Contact for pricing
      277,913 SF

      Industrial Outdoor Storage Site

      Rare infill site with income potential and freeway access.
      3725 Temescal Canyon Rd, Corona, CA 92883
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Retail Space Available

      Prime retail space available for lease.
      2795 Cabot Dr, Corona, CA 92883
      View Details
    • $1.75 SF/Yr
      18,977 SF

      Corona Showroom with Truck Door

      Showroom space available for lease, featuring a roll-up truck door.
      9022 Pulsar Ct | Corona, Corona, CA 92883
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space Available

      Prime retail space for rent in Corona, CA.
      2780 Cabot Dr, Corona, CA 92883
      View Details
    • $1.75 SF/Yr
      18,592 SF

      I-15 Freeway Frontage Flex Space

      Flex space with retail, showroom, and office uses approved.
      9036 Pulsar Ct | Corona, Corona, CA 92883
      View Details
    • $1.75 SF/Yr
      3,954 SF

      Corona Multi-Tenant Showroom Space

      Multi-tenant building with showroom and freeway building signage available for rent.
      9022 Pulsar Ct, Corona, CA 92883
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Space in Wildrose Business Park

      25,000 SF industrial space with drop storage available for lease.
      22324 Temescal Canyon Rd, Corona, CA 92883
      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.
    11800 De Palma Rd
    Corona, CA 92883-8498
    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!