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Property profile & analytics
OFF-MARKET
Estimated value
$7,800,000
Strip malls
265 Ontario Ave Corona, CA 92879-3505
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3257762
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
WOOD
Total area
12,000 SF
Lot
1.42 ac (61,855 SF)
Zoning code
R1065
APN
109-440-035
UPID
US09-3257762
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.11M
Blend (final)
Blend
$7.80M
Owner & transaction history
Inland Pacific Petroleum INC · 2 yrs held
Inland Pacific Petroleum INC
since 2024
Last sale
$7.8M
5 recorded transactions
Zoning & alternative use
R1065 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.3M
+18.9%
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
$7,800,000
ML approach
$7,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$7.80M
Range $7.02M – $8.58M · ±10% · vs last sale $7.80M (Apr 1 2024)
Last sale anchor
$7.80M
Apr 1 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
$650 / 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
$47,144
Tax year 2024
Assessed value
$4,100,424
Assessed 2024
Previous assessed
$4,100,424
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,310,250
Assessed improvement
$2,790,174
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
1.42 ac (61,855 SF)
Zoning code
R1065
APN
109-440-035
UPID
US09-3257762
Jurisdiction
RIVERSIDE
Zoning & alternative use
R1065 · Corona, CA
Zoning R1065 · permitted uses
R1065 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$12.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Inland Pacific Petroleum INC
Entity
Mailing address
2718 S IOWA AVE, COLTON, CA 92324-5801
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
5 recorded events · public records
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
$4,860,000 · Cathay Bank
Aug 5, 2014
$5,250,000
Ljz Corona LLC
Dmarc 2oo6 Cd2 East Ontario Limited
Grant Deed
$3,125,000 · 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
$6,800,000 · Citigroup Global Markets Realt
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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