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    2683 Wardlow Rd Corona, CA 92882-2871
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    Property profile & analytics

    2683 Wardlow Rd, Corona, CA 92882-2871

    View on Map
    • Retail space
    • 26,791 SF
    • 2.51 lot acres
    Off-Market
    Last Sale Apr 7, 2022
    Property ID
    US10-3064316
    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
    $5,340,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Genesis Of Corona Service Department / Auto Repair Shop / Vehicle Inspection Center
    • Prestige Autos / Car Dealership
    • Genesis of Corona / Car Dealership

    Property Details for 2683 Wardlow Rd

    Year built
    1989
    Construction
    TILT-UP CONCRETE
    Lot size
    2.51 lot acres
    Property type
    Retail space
    APN
    102-020-046
    APU
    102020046

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2023 — 2683 Wardlow Road LLC — Deed · related $8.9M · Jpmorgan Chase Bank NA
    Apr 7, 2022 — 2683 Wardlow Road LLC Joseph A Cardinale Grant Deed $5.2M · Jpmorgan Chase Bank NA
    Dec 20, 2021 — Thomas A Cardinale Joseph A Cardinale Lease —
    Sep 14, 2021 $6,500,000 Joseph A Cardinale Prestige Kia Riverside LLC Grant Deed —
    Jan 17, 2020 — Prestige Kia Riverside LLC — Deed · related $190k · Langmuir LLC
    Nov 8, 2019 — Prestige Kia Riverside LLC — Deed · related $3.6M · Oakhurst Income Fund II LP
    Apr 26, 2019 — Prestige Kia Riverside LLC — Deed · related $370k · Langmuir LLC
    Apr 16, 2019 — Prestige Kia Riverside LLC — Deed · related $3M · Alliance Portfolio Private Equity Fin
    Apr 7, 2017 — Prestige Kia Riverside LLC Prestige Kia Riverside Quit Claim Deed · related $600k · Val-chris Invs
    Dec 12, 2012 $2,875,000 Kia Riverside Prestige 2683 Wardlow LLC Grant Deed $1.7M · 2683 Wardlow LLC
    Feb 25, 2011 $1,190,000 2683 Wardlow LLC Professional Leasing LLC Grant Deed —
    Sep 26, 2007 — Professional Leasing LLC — Deed Of Trust · related $6M · Key Bank NA
    Aug 10, 2006 — Professional Leasing LLC — Deed Of Trust · related $8M · Key Bank NA
    Jun 25, 2004 $3,400,000 Professional Leasing LLC Crevier,tr Grant Deed $1.9M · Community Bank NA
    May 1, 1988 — Robert B Crevier — Deed Of Trust · related $2.2M · Tokai Credit Corp
    Mar 1, 1988 — Ag Redevelopment Coron Grant Deed · related —
    — — Prestige Kia Riverside LLC — Deed Of Trust · related $300k · Val-chris Invs
    — — Prestige Kia Riverside LLC — Loan Modification · related $1.8M · Guarriello Theodore J Tr (rt)
    — — Prestige Kia Riverside LLC — Deed Of Trust · related $1.8M · Val-chris Invs
    — — Prestige Kia Riverside LLC — Deed Of Trust · related $200k · Val-chris Invs
    — — Prestige Kia Riverside LLC — Deed Of Trust · related $1.5M · Val-chris Invs
    — — Professional Leasing LLC — Deed Of Trust · related $4.4M · Key Bank NA
    — — Professional Leasing LLC — Deed Of Trust · related $1.2M · Cdc Small Business Finance Co
    — — Prestige Kia Riverside LLC — Deed Of Trust · related $190k · Langmuir LLC
    — — Prestige Kia Riverside LLC — Deed Of Trust · related $3.6M · Oakhurst Income Fund II LP
    — — Prestige Kia Riverside LLC — Deed Of Trust · related $370k · Langmuir LLC
    — — Crevier Trust — Deed Of Trust · related $2.1M · Bmw Finanical Services NA INC
    — — Robert B Crevier — Deed Of Trust · related $2.2M · Tokai Credit Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,175,000
      6.5%
      $5,700,000
      7%
      $5,295,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,506,000
      Market price range: $1.16M - $8.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.62
    Latitude
    33.8827
    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
    $76,202
    $2,080,800
    $4,681,800
    $6,762,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.89 Acres

      1441 Pomona Rd

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation by Request
      1.92 Acres

      1451 Pomona Rd

      RETAIL STORES (PERSONAL SERVICES)
      1451 Pomona Rd, Corona, CA 92882-1710
      View Details
    • Value Estimation by Request

      650 Lincoln Ave Ste, Unit 109

      RETAIL STORES (PERSONAL SERVICES)
      650 Lincoln Ave Ste, Corona, CA 92882-3540
      View Details
    • Value Estimation
      $2,475,000
      16,290 SF

      1690 6th St

      RETAIL STORES (PERSONAL SERVICES)
      1690 6th St, Corona, CA 92882-2910
      View Details
    • Value Estimation
      $3,365,000
      23,120 SF

      371 Lincoln Ave

      RETAIL STORES (PERSONAL SERVICES)
      371 Lincoln Ave, Corona, CA 92882-1857
      View Details
    • Value Estimation
      $695,000
      4,698 SF

      1101 Main St

      RETAIL STORES (PERSONAL SERVICES)
      1101 Main St, Corona, CA 92882-4412
      View Details

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      Pending

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      High-visibility commercial building at a bustling corner location.
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      Corona Mixed-Use Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 2,200 square feet.
      1443 W 6Th St, Corona, CA 92882
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 660 to 2,640 SqFt.
      1690 W 6Th St, Corona, CA 92882
      View Details
    • $2 SF/Yr

      Retail Space Available For Rent

      Retail space available for rent in Corona, California.
      716 W 6Th St, Corona, CA 92882
      View Details
    • Contact for pricing

      Versatile Office Space Available

      Office suites available, build to suit, gated parking.
      1245 W 6Th St, Corona, CA 92882
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Corona, CA.
      120 West Ontario Ave, Corona, CA 92882
      View Details
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    Corona, CA 92882-2871
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    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
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