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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Office buildings
232 Grand Blvd Corona, CA 92879-1578
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-2481085
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
WOOD
Total area
7,348 SF
Lot
0.48 ac (20,908 SF)
Zoning code
R3
APN
117-122-031
UPID
US09-2481085
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
-
Jesse McArthur - State Farm Insurance Agent Insurance Agency
-
Farmers Insurance Insurance Agency
-
Cap-Rate Commercial Inc Real Estate Agency
-
International Certified Safety Franchise Group Inc Security Service
-
Farhat Law Firm, APC Law Firm Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.80M
Owner & transaction history
Richard Lopez Construction INC · 1 yrs held
Richard Lopez Construction INC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R3 · 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
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
$2,015,000
6.5%
$1,860,000
7%
$1,730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,225,000
Current use
WAREHOUSE, STORAGE
$2,170,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$2,080,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Aug 6 2024)
Last sale anchor
$1.80M
Aug 6 2024
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
$245 / 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
$18,675
Tax year 2024
Assessed value
$1,662,411
Assessed 2024
Previous assessed
$1,662,411
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$437,148
Assessed improvement
$1,225,263
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Stories
2
Total area
7,348 SF
Lot
0.48 ac (20,908 SF)
Zoning code
R3
APN
117-122-031
UPID
US09-2481085
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
OFFICE BUILDING Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
OFFICE BUILDING Current
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
2007
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Richard Lopez Construction INC
Entity
Free & Clear · 1 yrs held
Mailing address
232 GRAND AVE, DIAMOND BAR, CA 91789
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
—
Richard S Lopez
—
Deed
related
$2,095,000 · Chino Commercial Bank NA
Aug 6, 2024
$1,800,000
Richard Lopez Construction INC
Yuen Hang Investment LLC
Grant Deed
—
Jul 3, 2017
—
Yuen Hang Investment LLC
Guo,lu P
Grant Deed
—
May 2, 2012
$1,350,000
Lu P Guo
232 East Grand LLC
Grant Deed
—
Dec 26, 2008
—
232 East Grand LLC
Robert R Baird
Grant Deed
$1,322,100 · Temecula Valley Bank NA
Oct 24, 2008
—
James Pruitt
Pruitt,brian J
Quit Claim Deed
related
—
Oct 2, 2008
—
Pruitt Brian J Trust
Pruitt,james L & Lavonne R
Quit Claim Deed
related
—
Apr 3, 2007
—
Robert R Baird
—
Trustees Deed
related
$1,370,000 · American Security 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.
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