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Property profile

1240 Railroad St Corona, CA 92882

OFF-MARKET
Manufacturing properties
Property ID
US09-2808626
View Sample
10,064 SF 0.54 ac lot Built 1980
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 10,218-square-foot freestanding industrial building, located at 1240 Railroad Street in Corona, California, presents a unique investment opportunity. Built in 1980 and renovated in 2005, this single-story property sits on a 0.54-acre lot (23,522 square feet) and boasts 3,848 square feet of executive office space. The warehouse area features a generous 16-foot clear height ceiling, three 12' x 14' ground-level loading dock doors, and three loading docks. Ample parking is provided with 21 spaces, including handicap-accessible spots. The property includes a secured, concrete, and fenced yard area, enhancing security and functionality. The building is equipped with a fire sprinkler system and offers 800 amps of power at 120/208 volts (buyer to verify). Three large restrooms are conveniently located within the building. The property is zoned M-1 (Light Manufacturing and Industrial Uses), allowing for a variety of potential uses. Its convenient location offers immediate access to the 91 Freeway, providing excellent transportation links. The Assessor's Parcel Number (APN) is 118-160-026. This property is ideal for businesses seeking a versatile and well-maintained space in a prime location.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1980
Construction TILT-UP CONCRETE
Total area 10,064 SF
Lot 0.54 ac (23,522 SF)
Zoning code M1
APN 118-160-026
UPID US09-2808626

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$350k

Owner & transaction history

since 2024
5 recorded transactions
2024
$3.4M
1999
Price N/A
1996
$13,500
1996
Price N/A
1996
$13,500

Zoning & alternative use

M1 · Corona, CA
Zoning description

M-1 Light Manufacturing Zone . The M-1 (Light Manufacturing) Zone is intended for light manufacturing and industrial uses. The purpose of the M-1 zone is to provide for manufacturing uses that are generally passive becau…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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