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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Office buildings
1801 California Ave Corona, CA 92881-7251
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0997866
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
TILT-UP CONCRETE
Total area
27,504 SF
Lot
1.83 ac (79,714 SF)
APN
107-160-047
UPID
US09-0997866
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
-
Medicredit Medical Clinic
-
Collection Recovery Services Inc Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.42M
CAP Approach
CAP
$6.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
Square Box LLC · 2 yrs held
Square Box LLC
since 2023
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
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
$5,045,000
ML approach
$6,420,000
CAP Approach
CAP Return
Estimation
6%
$7,550,000
6.5%
$6,970,000
7%
$6,475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,335,000
Current use
WAREHOUSE, STORAGE
$8,125,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±10% · vs last sale $6.70M (Aug 2 2023)
Last sale anchor
$6.70M
Aug 2 2023
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
$244 / 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
$74,943
Tax year 2024
Assessed value
$6,700,000
Assessed 2024
Previous assessed
$6,700,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,995,000
Assessed improvement
$4,705,000
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
Off-Market
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
27,504 SF
Lot
1.83 ac (79,714 SF)
APN
107-160-047
UPID
US09-0997866
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$8.1M
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Square Box LLC
Entity
Mailing address
4 FARADAY, IRVINE, CA 92618-2714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 2, 2023
$6,700,000
Square Box LLC
Collection Recovery Services LLC
Grant Deed
$5,025,000 · American Business Bank
Apr 23, 2002
$3,200,000
Collection Recovery Svcs LLC
Smith & Noble LLC
Grant Deed
$1,908,000 · Wells Fargo Bank
Jul 23, 1998
—
Ca Edison Sou
Wilson,& Dalton
Grant Deed
related
—
Mar 19, 1998
—
Wilson & Dalton Properties INC
—
Grant Deed
related
$1,920,000 · City National Bank
Feb 24, 1998
—
Wilson & Dalton Properties LLC
Kentec Medical INC Emplyee Psp
Grant Deed
related
—
Jul 1, 1989
$1,137,500
Kent Wilken
Dunn Bayshore Ol
Grant Deed
—
—
—
Smith & Noble LLC
—
Deed Of Trust
related
—
—
—
Smith & Noble LLC
—
Deed Of Trust
related
—
—
—
Collection Recovery Svcs LLC
—
Deed Of Trust
related
$4,000,000 · James B & Mary E Fitzpatrick
—
—
Collection Recovery Svcs LLC
—
Deed Of Trust
related
$1,000,000 · Cdc Small Business Finance Co
—
—
Smith & Noble LLC
—
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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