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    161 Mckinley St Corona, CA 92879-6529
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    Property profile & analytics

    161 Mckinley St, Corona, CA 92879-6529

    View on Map
    • Strip malls
    • 8,610 SF
    • 4.42 lot acres
    Off-Market
    Property ID
    US09-1219945
    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
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hair Stranz / Hair Salon
    • Tacos Puro Jalisco / Restaurant
    • Dior Lash Studio / Hair Salon / Nail Salon
    • Nobel Learning Academy / Training Center / Tutoring Service
    • Wally Hicks, Century 21 Now Realty / Real Estate Agency

    Property Details for 161 Mckinley St

    Year built
    1992
    Construction
    WOOD
    Lot size
    4.42 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    172-420-002
    APU
    172420002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 9, 2014 — Cpi Properties Cpi Properties LLC Quit Claim Deed · related —
    Dec 6, 2012 — Cpi Properties LLC Cpi Properties Quit Claim Deed · related —
    May 1, 1991 — Cpi Prop Unknown Grant Deed · related —
    — — Cpi Properties — Deed Of Trust · related $3.8M · Citizens Business Bank

    Description

    Los Arcos Plaza presents a compelling retail investment opportunity in Corona, California. This strip center boasts a total of 26,923 square feet of leasable space, currently featuring four available units. The property enjoys an exceptional location in Riverside County, situated southeast of the I-15 and 91 freeway interchange, providing convenient access to the 91 freeway via McKinley Street. This strategic positioning ensures high visibility and accessibility for businesses. Units range in size from a minimum of 1,100 square feet to a maximum contiguous space of 1,363 square feet, offering flexibility for a variety of retail tenants. The property's prominent 91 Freeway frontage guarantees significant exposure to a substantial daily traffic volume. This makes Los Arcos Plaza an ideal location for businesses seeking high visibility and convenient access for customers. The flexible unit sizes allow for diverse tenant occupancy, creating a vibrant and dynamic retail environment. The property's location within a thriving commercial area further enhances its appeal to potential tenants and investors. This is a rare opportunity to acquire a well-positioned retail center with excellent freeway visibility and access in a high-growth market. The available spaces offer a chance to establish or expand a retail presence in a prime Corona location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $925,000
      Market price range: $404k - $925k

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.516
    Latitude
    33.8857
    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
    $77,171
    $1,474,666
    $4,630,886
    $6,105,552
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,055,000
      8,527 SF

      1180 El Camino Ave

      SHOPPING CENTER, STRIP CENTER
      1180 El Camino Ave, Corona, CA 92879-1786
      View Details
    • Value Estimation
      $4,075,000
      18,400 SF

      420 Mckinley St

      SHOPPING CENTER, STRIP CENTER
      420 Mckinley St, Corona, CA 92879-8099
      View Details
    • Value Estimation
      $2,560,000
      11,900 SF

      320 Mckinley St

      SHOPPING CENTER, STRIP CENTER
      320 Mckinley St, Corona, CA 92879-1282
      View Details
    • Value Estimation
      $815,000
      6,000 SF

      1275 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER
      1275 Magnolia Ave, Corona, CA 92879-2093
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    • Value Estimation
      $6,900,000
      26,880 SF

      611 Grand Blvd

      SHOPPING CENTER, STRIP CENTER
      611 Grand Blvd, Corona, CA 92879-2225
      View Details
    • Value Estimation
      $570,000
      3,234 SF

      3848 Mckinley St

      SHOPPING CENTER, STRIP CENTER
      3848 Mckinley St, Corona, CA 92879-6569
      View Details

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      Established Salon Business Opportunity

      Profitable salon business for sale in Corona, California.
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      Versatile Corona Commercial Property

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    Similar Nearby for Lease

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      Retail Plaza with Fitness Center

      Retail property with a mix of local and national tenants.
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      Retail Space in Corona Hills

      Shopping center with strong tenants, access to major routes.
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      Retail/Flex Space Available

      6,336 SF suite ideal for fitness, retail, or flex uses.
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    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 2,800 square feet.
      685 E Grand Blvd, Corona, CA 92879
      View Details
    • $3 SF/Yr

      Versatile Space in Corona Center

      2,800 sq ft unit ideal for medical or retail.
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    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 2,460 to 6,468 square feet.
      337-369 E Harrison St, Corona, CA 92879
      View Details
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    Corona, CA 92879-6529
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    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
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