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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Medical Office Space
217 3rd St Corona, CA 92879-1438
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-2967692
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
TILT-UP CONCRETE
Total area
3,744 SF
Lot
0.62 ac (27,007 SF)
Zoning code
R3
APN
117-111-003
UPID
US10-2967692
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
-
Nabil Khalil, M.D. Pediatrician Physician
-
Clinica Medica Familiar Medical Clinic
-
Corona Physicians Association Medical Clinic
-
Inland Faculty Medical Group Physician
-
MONICA VIDAL Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$735k
Owner & transaction history
Leticia Ruiz De Cruz · 1 yrs held
Leticia Ruiz De Cruz
since 2025
7 recorded transactions
Zoning & alternative use
R3 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+70.0%
Warehouse, storage
$1.1M
+65.8%
Retail stores
$1.1M
+58.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$665,000
Current use
OFFICE BUILDING
$1,135,000
Change: +70% · Conversion: Easy
WAREHOUSE, STORAGE
$1,105,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,060,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$196 / 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
$27,387
Tax year 2024
Assessed value
$1,702,998
Assessed 2024
Previous assessed
$1,702,998
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$579,729
Assessed improvement
$1,123,269
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
3,744 SF
Lot
0.62 ac (27,007 SF)
Zoning code
R3
APN
117-111-003
UPID
US10-2967692
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Corona, CA
Zoning R3 · permitted uses
R3 · 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
MEDICAL BUILDING Current
Est. value
$665,000
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Leticia Ruiz De Cruz
Individual
Mailing address
217 E 3RD ST, CORONA, CA 92879-1438
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
—
Leticia Ruiz De Cruz
Maria Leticia De Cruz
Deed
related
—
Mar 20, 2025
—
Alejandro Ruiz
Ricardo Ruiz
Deed
related
—
May 16, 2022
—
Ricardo Ruiz
—
Deed
related
$175,000 · Cardenas Three
Mar 22, 2022
—
Ricardo Ruiz
Leticia Ruiz
Intrafamily Transfer
related
$1,235,000 · Habib American Bank
Oct 12, 2018
—
Ricardo Ruiz
—
Deed
related
$1,350,000 · Cardenas Three
Sep 25, 2018
—
Ricardo Ruiz
—
Deed
related
$1,350 · Cardenas Three
Sep 11, 2018
—
Ricardo Ruiz
Ruiz,ricky
Quit Claim Deed
related
—
Oct 8, 2003
—
Ricardo Ruiz
Ruiz,fabiola L
Quit Claim Deed
$1,040,000 · Leroy R Nelson Trustee
Oct 8, 2003
$1,100,000
Ricky Ruiz
Nelson,leroy R Tr
Grant Deed
—
Apr 1, 1988
—
Nelson Leroy R
Nelson Leroy
Quit Claim Deed
related
$260,000 · Chino Valley Bank
—
—
Ricardo Ruiz
—
Deed Of Trust
related
$1,350,000 · Cardenas Three
—
—
Ricardo Ruiz
—
Deed Of Trust
related
$1,350 · Cardenas Three
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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