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Property profile & analytics
FOR LEASE
Office buildings
1245 W 6Th St Corona, CA 92882
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0024022
For Lease
1 / 9
$750/Mo
1245 W 6Th St, Corona, CA 92882
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
WOOD
Total area
8,640 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C3
APN
118-192-006
UPID
US09-0024022
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
Current use
Occupant on record · Public records
-
7 Day Tax Relief Consultant Accountant
-
Aced it! Hardware & Home Improvement HVAC Service
-
Medical Supply Corner Medical Supply Store
-
Diabetic Corner Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Premium Offices Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$2.19M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.70M
Owner & transaction history
Tonaya Investments · 4 yrs held
Tonaya Investments
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
C3 · 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
$1,340,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$2,370,000
6.5%
$2,190,000
7%
$2,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,620,000
Current use
WAREHOUSE, STORAGE
$2,555,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.90M (Apr 28 2022)
Last sale anchor
$1.90M
Apr 28 2022
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
$196 / 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
$22,334
Tax year 2024
Assessed value
$1,987,669
Assessed 2024
Previous assessed
$1,987,669
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$858,330
Assessed improvement
$1,129,339
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 Lease
Year built
1970
Construction
WOOD
Heating
NONE
Stories
2
Total area
8,640 SF
Lot
0.54 ac (23,522 SF)
Zoning code
C3
APN
118-192-006
UPID
US09-0024022
Jurisdiction
RIVERSIDE
Zoning & alternative use
C3 · Corona, CA
Zoning C3 · permitted uses
C3 · 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
OFFICE BUILDING Current
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.6M
OFFICE BUILDING Current
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
1970
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Tonaya Investments
Entity
Mailing address
715 ORANGE HL DR, CORONA, CA 92881-3548
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$1,900,000
Tonaya Investments
His University
Grant Deed
$1,400,000 · First General Bank
Feb 20, 2018
—
California Nonprofit Corp
—
Deed
related
$315,000 · Uniti Bank
Mar 16, 2004
—
His University
Yang,ezon S
Grant Deed
$487,119 · Uniti Bank
Jul 2, 2003
$1,000,000
Eun S Yang
Icfg INC
Grant Deed
$600,000 · Uniti Bank
Jul 2, 2003
—
Yang,eun S
Riew,yong K
Grant Deed
related
—
Feb 11, 1999
$370,000
Icfg International Church Four
Saba,shahram
Grant Deed
—
Jun 23, 1997
—
Saba,shahram
Saba,shahpar
Quit Claim Deed
related
—
Jun 23, 1997
$295,000
Saba,shahram
King Trust
Trustees Deed
$200,000 · Community Thrift & Loan
Jan 1, 1989
$297,000
Real Property Tr
Myers Patricia J
Trustees Deed
—
—
—
His University
—
Deed Of Trust
related
$397,000 · Uniti Bank
—
—
His University
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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