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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Manufacturing properties
2045 California Ave Corona, CA 92881-7231
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3084211
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Construction
TILT-UP CONCRETE
Total area
50,002 SF
Lot
2.48 ac (108,028 SF)
Zoning code
M4
APN
107-180-020
UPID
US09-3084211
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
-
Alpine Cabinets General Contractor Renovation Specialist
-
EM Speed & Power Training Corona Gym & Fitness Center
-
Gettin' Reps Indoor Batting Cages Family Recreation Center
-
TysonlineDrive Gym & Fitness Center
-
RPC Corona - Auto Paint Store Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
California Industrial Avenue LLC · 2 yrs held
California Industrial Avenue LLC
since 2024
5 recorded transactions
Zoning & alternative use
M4 · Corona, CA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$95 / 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
$33,554
Tax year 2024
Assessed value
$2,942,774
Assessed 2024
Previous assessed
$2,942,774
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$875,542
Assessed improvement
$2,067,232
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
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
50,002 SF
Lot
2.48 ac (108,028 SF)
Zoning code
M4
APN
107-180-020
UPID
US09-3084211
Jurisdiction
RIVERSIDE
Zoning & alternative use
M4 · Corona, CA
Zoning M4 · permitted uses
M4 · 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.
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
California Industrial Avenue LLC
Entity
Mailing address
3857 BIRCH ST #470, NEWPORT BEACH, CA 92660-2616
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
California Industrial Avenue LLC
Peter Marovic
Grant Deed
—
Nov 6, 1995
—
Petar Marovic
Gabric,kresimir Etal
Grant Deed
related
—
Sep 10, 1992
$1,487,500
Kresimir Gabric
Chino Valley Ban
Grant Deed
$1,487,372 · Seller
Aug 1, 1989
—
Team Corona II
—
Grant Deed
related
$1,503,125 · Chino Valley Bank
—
—
Marovic Trust
—
Deed Of Trust
related
$960,000 · Citizens Business Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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