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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Drive through restaurants
222 3rd St Corona, CA 92879-1402
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1939598
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1968
Construction
WOOD
Total area
936 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GB
APN
117-115-001
UPID
US10-1939598
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
-
El Torero Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$820k
Owner & transaction history
Edgar Gustavo Rios Martinez · 4 yrs held
Edgar Gustavo Rios Martinez
since 2022
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
GB · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+64.9%
Neighborhood: shopping center
$805,000
+38.7%
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
$845,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$580,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +65% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $800k (Jan 19 2022)
Last sale anchor
$800k
Jan 19 2022
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
$876 / 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
$10,076
Tax year 2024
Assessed value
$893,520
Assessed 2024
Previous assessed
$893,520
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$192,474
Assessed improvement
$701,046
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
NONE
Stories
1
Total area
936 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GB
APN
117-115-001
UPID
US10-1939598
Jurisdiction
RIVERSIDE
Zoning & alternative use
GB · Corona, CA
Zoning GB · permitted uses
GB · 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
RESTAURANT Current
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$805,000
RESTAURANT Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Edgar Gustavo Rios Martinez
Individual
Mailing address
50 LEGACY WAY, RANCHO SANTA MARGARITA, CA 92688-5566
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$800,000
Edgar Gustavo Rios Martinez
Consueto Castaneda
Grant Deed
$650,000 · Consuelo Castaneda
Aug 20, 2012
—
Consuelo Castaneda
Valencia,ahidee
Grant Deed
—
Apr 20, 2011
$235,000
Ahideee Valencia
Landaverde,mirtala
Grant Deed
—
Aug 20, 2008
$750,000
Mirtala Landaverde
Perez,hermelindo JR
Grant Deed
$452,500 · Hermelindo JR Perez
Dec 27, 2002
$125,000
Hermelindo Perez
Macias,art & Vicky
Grant Deed
$112,500 · Wells Fargo Bank
Aug 30, 1995
—
Adeila Macias
Macias,david
Quit Claim Deed
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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