Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1297 Ontario Ave Corona, CA 92881-6658
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1297 Ontario Ave Corona, CA 92881-6658

    View on Map
    • Strip malls
    • 11,184 SF
    • 4.05 lot acres
    Off-Market
    Property ID
    US09-2946129
    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.
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 1297 Ontario Ave

    Year built
    2006
    Construction
    WOOD
    Lot size
    4.05 lot acres
    Property size
    11,184 SF
    Zone code
    M4
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    107-180-048
    APU
    107180048

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $892,000
      Market price range: $494k - $893k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.54
    Latitude
    33.8475
    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
    $233,128
    $4,396,027
    $16,190,250
    $20,586,277
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,045,000
      9,351 SF

      1206 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER • 9,351 SF
      1206 Magnolia Ave, Corona, CA 92881-2089
      View Details
    • Value Estimation
      $2,065,000
      17,490 SF

      1300 Ontario Ave

      SHOPPING CENTER, STRIP CENTER • 17,490 SF
      1300 Ontario Ave, Corona, CA 92881-8620
      View Details
    • Value Estimation
      $1,040,000
      8,112 SF

      1535 Ontario Ave

      SHOPPING CENTER, STRIP CENTER • 8,112 SF
      1535 Ontario Ave, Corona, CA 92881-6656
      View Details
    • Value Estimation
      $1,195,000
      9,065 SF

      2540 Tuscany St

      SHOPPING CENTER, STRIP CENTER • 9,065 SF
      2540 Tuscany St, Corona, CA 92881-4649
      View Details
    • Value Estimation
      $755,000
      5,450 SF

      1585 Ontario Ave

      SHOPPING CENTER, STRIP CENTER • 5,450 SF
      1585 Ontario Ave, Corona, CA 92881-3608
      View Details
    • Value Estimation
      $1,200,000
      10,000 SF

      1240 Ontario Ave

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      1240 Ontario Ave, Corona, CA 92881-8671
      View Details

    Similar Nearby for Sale

    • $285,000
      2,000 SF

      Profitable Restaurant Business Opportunity

      Established Japanese restaurant with immediate cash flow in Corona, CA.
      2347 California Ave, Corona, CA 92881
      View Details
    • $40,347
      15,341 SF

      High-Visibility Corona Retail Center

      Prime location, high traffic, 15,341 sqft
      910 Aven Ct, Corona, CA 92881
      View Details
    • $139,999
      2,200 SF

      Turnkey Restaurant Opportunity in Corona

      Fully equipped restaurant with beer and wine license for sale.
      2363 California Ave, Corona, CA 92881
      View Details
    • $3,750,000

      Commercial Land Ready to Build

      2.4 acres of commercial property in Corona, California.
      19980 Temescal Canyon Rd, Corona, CA 92881
      View Details
    • Contact for pricing

      South Corona Business Park Land

      Five parcels in master-planned business park, great South Corona location.
      Carbide Dr & Boron Dr, Corona, CA 92881
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces at Crossings Corona

      Retail spaces for lease in high-volume shopping center.
      3335-3485 Grand Oaks, Corona, CA 92881
      View Details
    • $2 SF/Yr
      6,200 SF

      Prime Commercial Space in Corona

      High-traffic location suitable for medical, wellness, or professional office uses.
      1561 E Ontario Ave, Corona, CA 92881
      View Details
    • Contact for pricing

      Retail Development Land For Lease

      9.5 acres of retail development land available for lease.
      1935 Foothill Pkwy, Corona, CA 92881
      View Details
    • $2 SF/Yr

      Corona Office or Retail Suites

      Versatile suites suitable for office or retail in Corona.
      2071 Compton Ave, Corona, CA 92881
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Corona, CA.
      I-15 & Cajalco Rd, Corona, CA 92881
      View Details
    • $2 SF/Yr

      High Image Office Building Available

      Two-story office building with ample parking and freeway access.
      2045 Compton Ave, Corona, CA 92881
      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.
    1297 Ontario Ave
    Corona, CA 92881-6658
    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.
    Sign Up Successful!
    You now have access to more from Realmo!