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Property profile & analytics
OFF-MARKET
Estimated value
$21,200,000
Manufacturing properties
21937 Knabe Rd, Corona, CA 92883-7109
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-0912252
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2018
Construction
TILT-UP CONCRETE
Total area
139,800 SF
Lot
9.21 ac (401,187 SF)
Zoning code
W2
APN
282-140-028
UPID
US09-0912252
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
-
Corona Title Loans Pros Loan Service
-
Downey Wholesale Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.99M
Comparable Approach
Comparable
$19.24M
Blend (final)
Blend
$21.20M
Owner & transaction history
Knabe Props LLC · 7 yrs held
Knabe Props LLC
since 2019
Last sale
$22.8M
7 recorded transactions
Zoning & alternative use
W2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,655,000
6.5%
$19,990,000
7%
$18,560,000
Blend value · Realmo final
$21.20M
Range $19.08M – $23.32M · ±10% · vs last sale $22.79M (Apr 16 2020)
Last sale anchor
$22.79M
Apr 16 2020
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
$152 / 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
$331,408
Tax year 2024
Assessed value
$29,722,756
Assessed 2024
Previous assessed
$29,722,756
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,216,605
Assessed improvement
$26,506,151
Applied tax rate
59.0000
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
2018
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
139,800 SF
Lot
9.21 ac (401,187 SF)
Zoning code
W2
APN
282-140-028
UPID
US09-0912252
Jurisdiction
RIVERSIDE
Zoning & alternative use
W2 · Corona, CA
Zoning W2 · permitted uses
W2 · 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
2018
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
5
Lot
9.21 ac
Current owner
From public records · entity-resolved
Knabe Props LLC
Entity
Mailing address
21937 KNABE RD, CORONA, CA 92883-7109
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Feb 19, 2019
$18,733,500
Knabe Props LLC
Crpf IV Bedford LLC
Grant Deed
$13,997,500 · Bank Of The West
Apr 13, 2018
—
Crpf IV Bedford LLC
—
Deed
related
$9,145,000 · Farmers & Merchants Bk/lng Bch
Mar 31, 2017
$2,778,000
Crpf IV Bedford LLC
Corona Viewpoint LLC
Grant Deed
$8,950,000 · Farmers & Merchants Tr Co/long
Feb 19, 2015
$1,600,000
Corona Viewpoint LLC
Old Stone Heights LLC
Grant Deed
—
Nov 12, 1999
$500,000
P & C Land Co LLC
Hrindak,john & Frances
Grant Deed
—
—
—
Coussoulis Development Co
—
Deed Of Trust
related
$792,647 · Steele Foundation INC
—
—
Crpf IV Bedford LLC
—
Loan Modification
related
$9,145,000 · Farmers & Merchants Bk/lng Bch
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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