Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    265 Ontario Ave Corona, CA 92879-3505
    Back to Search
    Property profile & analytics

    265 Ontario Ave, Corona, CA 92879-3505

    View on Map
    • Strip malls
    • 12,000 SF
    • 1.42 lot acres
    Off-Market
    Last Sale Apr 1, 2024
    $7,800,000
    Property ID
    US09-3257762
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,800,000
    Show details
    Cap Rate Potential
    2.6%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Reign Training Facility / Gym & Fitness Center
    • Shari Fitness / Gym & Fitness Center
    • Tasteful Cakes Inc / Bakery / Specialty Food Shop
    • Kumon Math and Reading Center of CORONA - SOUTH / Training Center / Tutoring Service
    • BodyxEmoney / Gym & Fitness Center

    Property Details for 265 Ontario Ave

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.42 lot acres
    Zone code
    R1065
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    109-440-035
    APU
    109440035

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2024 $7,800,000 Inland Pacific Petroleum INC Luz Corona LLC Grant Deed —
    Aug 12, 2021 — Ljz Corona LLC — Deed · related $4.9M · Cathay Bank
    Aug 5, 2014 $5,250,000 Ljz Corona LLC Dmarc 2oo6 Cd2 East Ontario Limited Grant Deed $3.1M · Wells Fargo Bank NA
    Apr 1, 2013 — 2006-cd2 East Ontario Lt Dmarc Main Street Corona LLC Grant Deed —
    Nov 23, 2005 $10,500,000 Main Street Corona LLC Htmc Corona LLC Grant Deed $6.8M · Citigroup Global Markets Realt

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,800,000
      ML approach
      $7,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,109,000
      Market price range: $2.55M - $21.3M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,330,000
      Current use
      COMMERCIAL (GENERAL)
      $12,285,000
      Change: +19% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $9,015,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.568
    Latitude
    33.8568
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $47,144
    $1,310,250
    $2,790,174
    $4,100,424
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      115 Mckinley St

      SHOPPING CENTER, STRIP CENTER
      115 Mckinley St, Corona, CA 92879-6562
      View Details
    • Value Estimation
      $1,745,000
      12,300 SF

      2290 Griffin Way

      SHOPPING CENTER, STRIP CENTER
      2290 Griffin Way, Corona, CA 92879
      View Details
    • Value Estimation
      $995,000
      6,825 SF

      451 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER
      451 Magnolia Ave, Corona, CA 92879-3305
      View Details
    • Value Estimation
      $3,875,000
      17,050 SF

      340 Mckinley St

      SHOPPING CENTER, STRIP CENTER
      340 Mckinley St, Corona, CA 92879-6501
      View Details
    • Value Estimation
      $940,000
      6,332 SF

      160 Ontario Ave

      SHOPPING CENTER, STRIP CENTER
      160 Ontario Ave, Corona, CA 92879-3510
      View Details
    • Value Estimation
      $12,340,000
      72,960 SF

      280 Teller St

      SHOPPING CENTER, STRIP CENTER
      280 Teller St, Corona, CA 92879-1898
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      100,000 SF

      Net-Leased Home Improvement Retail

      Single-tenant Home Depot with remaining primary term and scheduled rent increases in a regional shopping center.
      490 Mckinley St, Corona, CA 92879
      View Details
    • Contact for pricing
      197,995 SF

      Freeway Fronting Community Center

      Strategic location with daily-needs anchor and credit tenants.
      275 Teller St, Corona, CA 92879
      View Details
    • $799,990

      Corona Commercial Building with Warehouse

      3,600 sq ft building ideal for various commercial uses.
      13659 Magnolia Ave, Corona, CA 92879
      View Details
    • $799,990
      3,600 SF

      Corona Commercial Building with Warehouse

      3,600 sq ft commercial building suitable for multiple uses.
      13659 Magnolia Ave, Corona, CA 92879
      View Details
    • $298,988

      Established Salon Business Opportunity

      Profitable salon business for sale in Corona, California.
      Mckinley St, Corona, CA 92879
      View Details
    • Contact for pricing
      18,300 SF

      Versatile Corona Commercial Property

      Two buildings on 3.57 acres with redevelopment potential.
      160 E Rincon St, Corona, CA 92879
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Plaza with Fitness Center

      Retail property with a mix of local and national tenants.
      275 Teller St, Corona, CA 92879
      View Details
    • Contact for pricing

      Retail Space in Corona Hills

      Shopping center with strong tenants, access to major routes.
      480 N Mckinley St, Corona, CA 92879
      View Details
    • Contact for pricing

      Retail/Flex Space Available

      6,336 SF suite ideal for fitness, retail, or flex uses.
      281 Dupont St, Corona, CA 92879
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 2,460 to 6,468 square feet.
      337-369 E Harrison St, Corona, CA 92879
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 2,800 square feet.
      685 E Grand Blvd, Corona, CA 92879
      View Details
    • $3 SF/Yr

      Versatile Space in Corona Center

      2,800 sq ft unit ideal for medical or retail.
      685 E Grand Blvd, Corona, CA 92879
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    265 Ontario Ave
    Corona, CA 92879-3505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    265 Ontario Ave, Corona, CA, 92879
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!