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Property profile & analytics
FOR SALE
Office buildings
1185 W Grand Blvd Corona, CA 92882
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1017240
For Sale
1 / 11
$1,175,000
1185 W Grand Blvd, Corona, CA 92882
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
WOOD
Total area
5,055 SF
Lot
0.11 ac (4,791 SF)
Zoning code
C2
APN
117-255-014
UPID
US09-1017240
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$915k
Owner & transaction history
Quoc Nguyen · 4 yrs held
Quoc Nguyen
since 2021
Last sale
$970,000
6 recorded transactions
Zoning & alternative use
C2 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$860,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,495,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $970k (Dec 3 2021)
Last sale anchor
$970k
Dec 3 2021
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
$181 / 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
$11,282
Tax year 2024
Assessed value
$1,009,188
Assessed 2024
Previous assessed
$1,009,188
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$124,848
Assessed improvement
$884,340
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1962
Construction
WOOD
Heating
NONE
Stories
2
Total area
5,055 SF
Lot
0.11 ac (4,791 SF)
Zoning code
C2
APN
117-255-014
UPID
US09-1017240
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Corona, CA
Zoning C2 · permitted uses
C2 · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
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
1962
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Quoc Nguyen
Individual
Mailing address
25301 LAS BOLSAS, LAGUNA HILLS, CA 92653-5085
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 3, 2021
$970,000
Quoc Nguyen
29699 Squaw Valley Drive 31 LLC
Grant Deed
$679,000 · United Wholesale Mortgage
Mar 14, 2016
$467,000
Pi Properties No 131 LLC
Duran Elaine Living Trust
Grant Deed
$367,000 · Duran Elaine Living Trust (rt)
May 18, 2005
—
Duran Elaine Trust
Jungren & Duran INC
Quit Claim Deed
related
—
Oct 4, 1995
—
Jungren,& Duran
Duran,elaine
Quit Claim Deed
related
—
Oct 19, 1994
$150,000
Elaine Duran
Vandeventer,mabe
Grant Deed
—
—
—
Jungren & Duran INC
—
Deed Of Trust
related
$136,000 · Community Thrift & Loan
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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