New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Manufacturing properties
1660 Commerce St, Corona, CA 92878-3231
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-5155462
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
TILT-UP CONCRETE
Total area
11,680 SF
Lot
0.56 ac (24,393 SF)
Zoning code
M1
APN
118-030-021
UPID
US09-5155462
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
-
Pacific Customs Unlimited Inc Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$4.33M
Owner & transaction history
Minuteman Km Properties LLC · 1 yrs held
Minuteman Km Properties LLC
since 2024
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
M1 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.4M
+75.7%
Auto repair, garage
$5.0M
+63.6%
Office building
$3.5M
+14.8%
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
$4,330,000
ML approach
$4,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,085,000
Current use
RETAIL STORES
$5,415,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,045,000
Change: +64% · Conversion: Easy
OFFICE BUILDING
$3,540,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±10% · vs last sale $4.33M (Sep 25 2024)
Last sale anchor
$4.33M
Sep 25 2024
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
$371 / 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
$18,424
Tax year 2024
Assessed value
$1,638,516
Assessed 2024
Previous assessed
$1,638,516
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$266,472
Assessed improvement
$1,372,044
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
11,680 SF
Lot
0.56 ac (24,393 SF)
Zoning code
M1
APN
118-030-021
UPID
US09-5155462
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Corona, CA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.0M
OFFICE BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Minuteman Km Properties LLC
Entity
Mailing address
1660 PO BOX 4983RD ST, GARDEN GROVE, CA 92842-4983
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
$4,330,500
Minuteman Km Properties LLC
Thomas C Raftery
Grant Deed
$3,984,800 · Wells Fargo Bank NA
Nov 12, 2004
$1,199,000
Raftery Thomas & Tamra Trust
Crawford,michael R & Mary F
Grant Deed
$899,105 · Union Bank Of California
Sep 30, 1996
$611,500
Michael R Crawford
Martin Industrial Group Ltd
Grant Deed
$245,000 · Valley Merchants Bank
—
—
Michael R Crawford
—
Deed Of Trust
related
$245,000 · Bank Of America
—
—
Michael R Crawford
—
Deed Of Trust
related
$252,000 · Cdc Small Business Finance Co
—
—
Martin Industrial Group A Ltd
—
Deed Of Trust
related
$182,000 · A Patel Accountancy Psp
—
—
Martin Industrial Group
—
Deed Of Trust
related
$190,000 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1660 Commerce St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
