Sign Up Successful!
You now have access to more from Realmo!
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

    120 Joy St Corona, CA 92879-1320

    • Manufacturing properties
    • 2,295 SF
    • 0.76 lot acres
    OFF-MARKET
    Last Sale
    Jul 14, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2077072
    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

    • Manufacturing properties

    Property Details for 120 Joy St

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    0.76 lot acres
    Property size
    2,295 SF
    Zone code
    R106
    Property type
    Manufacturing properties
    APN
    119-320-066
    APU
    119320066

    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
    -117.561
    Latitude
    33.8805
    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
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $505,000
      10.09 Acres

      555 Promenade Ave

      MANUFACTURING (LIGHT) • 10.09 Acres
      555 Promenade Ave, Corona, CA 92879-1710
      View Details
    • Value Estimation
      $375,000
      1.74 Acres

      182 Granite St

      MANUFACTURING (LIGHT) • 1.74 Acres
      182 Granite St, Corona, CA 92879-1288
      View Details
    • Value Estimation
      $355,000
      1.78 Acres

      182 Granite St

      MANUFACTURING (LIGHT) • 1.78 Acres
      182 Granite St, Corona, CA 92879-1288
      View Details
    • Value Estimation
      $390,000
      1.72 Acres

      Corona, CA 92879

      MANUFACTURING (LIGHT) • 1.72 Acres
      Corona, CA 92879
      View Details
    • Value Estimation
      $1,365,000
      52,276 SF

      1451 6th St

      MANUFACTURING (LIGHT) • 52,276 SF
      1451 6th St, Corona, CA 92879-1715
      View Details
    • Value Estimation
      $1,530,000
      56,806 SF

      1675 Sampson Ave

      MANUFACTURING (LIGHT) • 56,806 SF
      1675 Sampson Ave, Corona, CA 92879-1889
      View Details

    Similar Nearby for Sale

    • $2,778,201
      7,529 SF

      Freestanding Industrial Building with Yard

      Freestanding industrial building with fenced yard and freeway access.
      411 Leroy Dr, Corona, CA 92879
      View Details
    • Contact for pricing
      62,233 SF

      Corona Warehouse: 62,233 SF

      Industrial warehouse for sale in Corona, CA
      1360 6Th St, Corona, CA 92879
      View Details
    • Contact for pricing
      62,669 SF

      Corona Warehouse with Secured Storage

      62,669 SF warehouse with secured outdoor storage in Corona.
      1645 Leeson Ln, Corona, CA 92879
      View Details
    • $13,500,000
      45,318 SF

      Industrial Building with Secured Yard

      Industrial building featuring a large, secured yard and office space.
      1240 Quarry St, Corona, CA 92879
      View Details
    • $799,999
      3,600 SF

      Corona Commercial Building with Warehouse

      3,600 sq ft commercial building suitable for various uses.
      13659 Magnolia Ave, Corona, CA 92879
      View Details
    • $3,500,000
      10,096 SF

      Freestanding Building Near Freeways

      Freestanding building with office space and convenient freeway access.
      210 Crouse Dr, Corona, CA 92879
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      11,347 SF

      Parkridge Tech Center: Corona, CA

      Prime Corona Office/Industrial Space
      650 Parkridge Ave, Corona, CA 92879
      View Details
    • $1.35 SF/Yr
      23,380 SF

      Industrial Building with Fenced Yard

      Freestanding industrial building featuring office space and HVAC production area.
      235 Jason Ct, Corona, CA 92879
      View Details
    • $1.25 SF/Yr
      186,190 SF

      Corona Lakeside Logistics Center

      Modern Industrial Facility - 186,190 SF
      1325 Sherborn St, Corona, CA 92879
      View Details
    • Contact for pricing
      17,010 SF

      Industrial Unit with Office Space

      Multi-tenant building with office space and ground-level door.
      225 Benjamin Dr, Corona, CA 92879
      View Details
    • Contact for pricing
      53,976 SF

      Warehouse Distribution Facility Sublease

      Warehouse with dock doors and heavy power, near freeways.
      500 E Rincon St, Corona, CA 92879
      View Details
    • $1.35 SF/Yr
      14,442 SF

      Freestanding Warehouse with Fenced Yard

      Freestanding warehouse featuring office space and a fenced yard.
      1353 Walker Ln, Corona, CA 92879
      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.
    120 Joy St
    Corona, CA 92879-1320
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.