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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Manufacturing properties
2420 Railroad St, Corona, CA 92878-5418
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2971808
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
TILT-UP CONCRETE
Total area
26,117 SF
Lot
1.24 ac (54,014 SF)
Zoning code
RR
APN
102-400-030
UPID
US10-2971808
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
-
Two Cosmetics Cosmetic Store Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.83M
Blend (final)
Blend
$7.00M
Owner & transaction history
Investio Realty LLC · 2 yrs held
Investio Realty LLC
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
RR · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.3M
+63.6%
Office building
$7.9M
+14.8%
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
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,895,000
Current use
AUTO REPAIR, GARAGE
$11,275,000
Change: +64% · Conversion: Easy
OFFICE BUILDING
$7,915,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Mar 14 2024)
Last sale anchor
$7.00M
Mar 14 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
$268 / 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
$57,234
Tax year 2024
Assessed value
$5,076,185
Assessed 2024
Previous assessed
$5,076,185
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$929,598
Assessed improvement
$4,146,587
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
26,117 SF
Lot
1.24 ac (54,014 SF)
Zoning code
RR
APN
102-400-030
UPID
US10-2971808
Jurisdiction
RIVERSIDE
Zoning & alternative use
RR · Corona, CA
Zoning RR · permitted uses
RR · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$11.3M
OFFICE BUILDING
Est. value
$7.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Investio Realty LLC
Entity
Mailing address
3775 WELSH PONY LN, YORBA LINDA, CA 92886-7935
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
$7,000,000
Investio Realty LLC
Merit Aluminum INC
Grant Deed
$3,546,000 · First Citizens Bank & Trust Co
Mar 14, 2024
—
Investio Realty LLC
—
Deed
related
$2,904,000 · California Statewide Cerified Developmen
May 15, 2019
$4,642,000
Merit Aluminum INC
Christine Minhlien Le Family Trust
Grant Deed
$3,480,000 · City National Bank
Apr 8, 2013
—
Le Christine M Family Trust
Le Christine
Quit Claim Deed
related
—
Jan 2, 2013
—
Christine Le
Michael P Taylor
Grant Deed
$1,066,800 · Plaza Bank
Aug 29, 2003
$1,877,000
Michael P Taylor
Arnold,tr
Grant Deed
$938,300 · Cnl Commercial Finance INC
Jun 30, 1999
$1,497,500
Arnold Trust
Hamrick,gene C
Grant Deed
$528,000 · First Security Bank
Mar 1, 1990
$1,355,000
Hamrick Gene C
Pozzo Corona
Trustees Deed
$680,000 · Wells Fargo Bank
—
—
Michael P Taylor
—
Deed Of Trust
related
$773,000 · Cdc Small Business Finance Co
—
—
Gene C Hamrick
—
Deed Of Trust
related
—
—
—
Arnold Trust
—
Deed Of Trust
related
$363,000 · Cdc Small Business Finance Co
—
—
Gene C Hamrick
—
Deed Of Trust
related
$562,000 · Riverside County Employees FCU
—
—
Gene C Hamrick
—
Deed Of Trust
related
$452,922 · 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.
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