Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1920 Frontage Rd Corona, CA 92882-8401
    Back to Search
    Property profile & analytics

    1920 Frontage Rd, Corona, CA 92882-8401

    View on Map
    • Turn key restaurants
    • 7,850 SF
    • 1.30 lot acres
    Off-Market
    Property ID
    US09-2372665
    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
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Miguel's California Mexican Cocina / Restaurant

    Property Details for 1920 Frontage Rd

    Year built
    2000
    Construction
    WOOD
    Lot size
    1.30 lot acres
    Property type
    Turn key restaurants
    APN
    102-250-055
    APU
    102250055

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 11, 2025 — Frontage Properties LLC Frontage Properties LLC Deed · related $7.2M · Tri Counties Bank
    Apr 5, 2000 — Frontage Properties LLC — Grant Deed · related $2.1M · Fallbrook National Bank
    Dec 10, 1998 $570,000 Mike R Vasquez Ayers LP Grant Deed $370k · Fallbrook Mortgage Corp
    — — Frontage Properties LLC — Deed Of Trust · related $498k · Bank Of America
    — — Frontage Properties LLC — Deed Of Trust · related $513k · Cdc Small Business Finance Co
    — — Frontage Properties LLC — Deed Of Trust · related $1.5M · Bank Of America

    Description

    This exceptional Corona, CA property offers a 7,898 square foot, turnkey restaurant with significant frontage on Frontage Road. Located just off the 91 Freeway at the Sixth Street offramp, this single-tenant building benefits from a highly visible 75-foot electronic billboard, attracting attention from the 263,000 vehicles passing daily. Built in 2007 and renovated in 2024, the property boasts excellent condition and is fully fixturized, ready for immediate operation. The expansive 1.3-acre (56,628 square foot) lot presents significant flexibility. Its C2 zoning allows for potential subdivision into smaller units or alternative commercial uses. The property's size and prime location in Riverside County, with APN 102-250-055, make it an ideal investment for a variety of commercial ventures. The property is situated in Corona, CA, zip code 92882. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,143,000
      Market price range: $924k - $1.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.605
    Latitude
    33.879
    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
    $36,871
    $926,253
    $2,261,846
    $3,188,099
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      650 Lincoln Ave Ste, Unit 110

      RESTAURANT
      650 Lincoln Ave Ste, Corona, CA 92882-3540
      View Details
    • Value Estimation
      $575,000
      2,800 SF

      220 Ontario Ave

      RESTAURANT
      220 Ontario Ave, Corona, CA 92882-5281
      View Details
    • Value Estimation
      $1,640,000
      11,680 SF

      203 6th St

      RESTAURANT
      203 6th St, Corona, CA 92882-3302
      View Details
    • Value Estimation by Request
      2,100 SF

      1434 6th St

      RESTAURANT
      1434 6th St, Corona, CA 92882-3034
      View Details
    • Value Estimation by Request

      341 Lincoln Ave Ste F

      RESTAURANT
      341 Lincoln Ave Ste F, Corona, CA 92882-7137
      View Details
    • Value Estimation by Request
      0.51 Acres

      1296 Border Ave

      RESTAURANT
      1296 Border Ave, Corona, CA 92882-3801
      View Details

    Similar Nearby for Sale

    • $2,900,000
      6,283 SF

      Prime Corona Retail Center

      High-traffic location, strong income.
      1034 6Th St, Corona, CA 92882
      View Details
    • $1,500,000

      Corona Mixed-Use Investment Opportunity

      Four residential units plus commercial space in Corona, California.
      820 W 6Th St, Corona, CA 92882
      View Details
    • New
      Contact for pricing

      Automotive Repair Shop with 11 Bays

      Established automotive repair operation with multiple service bays, lifts, and included equipment and stock for an owner-operator.
      133 Washburn Cir, Corona, CA 92882
      View Details
    • Contact for pricing
      1,330 SF

      Prime Corner Commercial Building

      High-visibility commercial building in a revitalizing downtown area.
      1066 W 6Th St, Corona, CA 92882
      View Details
    • $1,175,000
      Pending

      Corona Mixed-Use Property For Sale

      Four-unit mixed-use property in the heart of Corona, California.
      1185 W Grand Blvd, Corona, CA 92882
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Pad in Corona Center

      Freestanding drive-thru restaurant pad available in Corona shopping center.
      2621-2721 Green River Rd, Corona, CA 92882
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Corona, CA.
      120 West Ontario Ave, Corona, CA 92882
      View Details
    • Contact for pricing

      Large Lot with Office Space

      Spacious lot with office, ideal for car dealership, permitted by city.
      1353 W 6Th St, Corona, CA 92882
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 2,200 square feet.
      1443 W 6Th St, Corona, CA 92882
      View Details
    • Contact for pricing

      Versatile Office Space Available

      Office suites available, build to suit, gated parking.
      1245 W 6Th St, Corona, CA 92882
      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.
    1920 Frontage Rd
    Corona, CA 92882-8401
    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

    Thank You for Inquiry
    1920 Frontage Rd, Corona, CA, 92882
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!