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    Property profile & analytics

    1240 Ontario Ave Corona, CA 92881-8671

    • Strip malls
    • 10,000 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US09-0243378
    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

    • Kashou Climate Control Inc. / Air Conditioning Contractor
    • Moreno Engineering / Paving Contractor
    • Porky's Pizza / Pizza Restaurant / Italian Restaurant
    • Subway / Restaurant / Sandwich Shop
    • Law Office of Stuart Steingraber / Attorney / Bankruptcy Attorney

    Property Details for 1240 Ontario Ave

    Year built
    1999
    Construction
    WOOD
    Lot size
    1.01 lot acres
    Property size
    10,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    120-370-004
    APU
    120370004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.543
    Latitude
    33.8472
    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
    $30,418
    $608,947
    $2,002,533
    $2,611,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,351 SF

      1206 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER • 9,351 SF
      1206 Magnolia Ave, Corona, CA 92881-2089
      View Details
    • Value Estimation by Request
      17,490 SF

      1300 Ontario Ave

      SHOPPING CENTER, STRIP CENTER • 17,490 SF
      1300 Ontario Ave, Corona, CA 92881-8620
      View Details
    • Value Estimation by Request
      8,112 SF

      1535 Ontario Ave

      SHOPPING CENTER, STRIP CENTER • 8,112 SF
      1535 Ontario Ave, Corona, CA 92881-6656
      View Details
    • Value Estimation by Request
      9,065 SF

      2540 Tuscany St

      SHOPPING CENTER, STRIP CENTER • 9,065 SF
      2540 Tuscany St, Corona, CA 92881-4649
      View Details
    • Value Estimation by Request
      5,450 SF

      1585 Ontario Ave

      SHOPPING CENTER, STRIP CENTER • 5,450 SF
      1585 Ontario Ave, Corona, CA 92881-3608
      View Details
    • Value Estimation by Request
      22,110 SF

      1220 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER • 22,110 SF
      1220 Magnolia Ave, Corona, CA 92881-2067
      View Details

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      Prime retail location with high visibility and traffic.
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    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      3.0k
    • Avg Time on site
      33 min
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    1240 Ontario Ave
    Corona, CA 92881-8671
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    Realmo Value Estimation

    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.

    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.

    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
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