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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Strip malls
1297 Ontario Ave Corona, CA 92881-6658
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2946129
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Construction
WOOD
Total area
11,184 SF
Lot
4.05 ac (176,418 SF)
Zoning code
M4
APN
107-180-048
UPID
US09-2946129
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
-
Rubio's Coastal Grill Restaurant
-
Flame Broiler Restaurant
-
Juice It Up! Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Min's Dumpling House Restaurant
-
Tax Care Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$1.45M
Owner & transaction history
Corona Melk LLC · 6 yrs held
Corona Melk LLC
since 2019
7 recorded transactions
Zoning & alternative use
M4 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10%
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
$129 / 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
$233,128
Tax year 2024
Assessed value
$20,586,277
Assessed 2024
Previous assessed
$20,586,277
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$4,396,027
Assessed improvement
$16,190,250
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
3
Total area
11,184 SF
Lot
4.05 ac (176,418 SF)
Zoning code
M4
APN
107-180-048
UPID
US09-2946129
Jurisdiction
RIVERSIDE
Zoning & alternative use
M4 · Corona, CA
Zoning M4 · permitted uses
M4 · 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.
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
3
Lot
4.05 ac
Current owner
From public records · entity-resolved
Corona Melk LLC
Entity
Mailing address
111 DRY CRK, IRVINE, CA 92602-1843
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Oct 22, 2019
$19,200,000
Corona Melk LLC
Peggy Lea Hanshaw
Grant Deed
$9,500,000 · Mechanics Bank
Oct 22, 2019
—
Hanshaw,frederick J Trust
Peggy Hanshaw
Affidavit Of Death
related
—
Apr 6, 2016
—
Hanshaw,frederick J Trust
Hanshaw,frederick J
Quit Claim Deed
related
—
Feb 25, 2005
—
Frederick J Hanshaw
Hanshaw,peggy
Quit Claim Deed
related
—
Feb 25, 2005
$3,451,000
Frederick J Hanshaw
Holcomb Family Trust
Grant Deed
$2,500,000 · Holcomb Family Trust
May 30, 2001
—
Dwight H Etal Holcomb
Holcomb Dwight H Etal
Quit Claim Deed
related
—
Sep 21, 1995
—
Corona Cy
Holcomb,dwight H Etux
Grant Deed
related
—
—
—
Dwight H Holcomb
—
Deed Of Trust
related
$126,200 · Farm Credit Service
—
—
Dwight H Holcomb
—
Deed Of Trust
related
$150,000 · Wells Fargo Bank
—
—
Dwight H Holcomb
—
Deed Of Trust
related
$60,000 · Wells Fargo Bank
—
—
Dwight H Holcomb
—
Deed Of Trust
related
$42,930 · Farm Credit Service
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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