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    2798 Troy Ct Corona, CA 92883-5631
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    Property profile & analytics

    2798 Troy Ct, Corona, CA 92883-5631

    View on Map
    • Retail space
    • 18,207 SF
    • 5.29 lot acres
    Off-Market
    Property ID
    US09-4720358
    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
    $6,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2798 Troy Ct

    Year built
    2015
    Construction
    WOOD
    Lot size
    5.29 lot acres
    Zone code
    EC
    Property type
    Retail space
    APN
    279-460-064
    APU
    279460064

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2024 — Fu Bang Group Corp — Deed · related $7.8M · Sz Properties LLC
    May 3, 2024 — Fu Bang Group Corp USA — Deed · related $460k · Us Discover Center Corp
    Oct 29, 2021 — Fu Bang Group Corp — Deed · related $2M · Mingzhe Li
    Apr 7, 2016 — Fu Bang Group Corp USA — Trustees Deed · related $12M · First Credit Bk
    Dec 16, 2013 $7,300,000 Fu Bang Group Corp USA Igi Investment LLC Grant Deed $4.2M · First Credit Bank
    Dec 23, 2008 $2,700,000 Far East Natl Bk Td Service Co Trustees Deed · related —
    Oct 1, 2008 $5,800,000 Igi Investment LLC East West Bk Grant Deed $4.4M · East West Bank
    Jun 12, 2007 — First Pacific Homes V LLC First Pacific Homes Vi LLC Quit Claim Deed · related —
    Apr 10, 2006 — First Pacific Homes Vi LLC Temescal Canyon Props-8 LLC Grant Deed · related —
    — — Fu Bang Group Corp USA — Deed Of Trust · related $2.5M · Epox International INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,200,000
      6.5%
      $3,875,000
      7%
      $3,600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,344,000
      Market price range: $756k - $5.34M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,445,000
      Current use
      AUTO REPAIR, GARAGE
      $7,860,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.507
    Latitude
    33.8173
    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
    $449,707
    $8,918,351
    $26,374,670
    $35,293,021
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,860,000
      12,900 SF

      11950 De Palma Rd

      RETAIL STORES (PERSONAL SERVICES)
      11950 De Palma Rd, Corona, CA 92883-8499
      View Details
    • Value Estimation by Request

      11882 De Palma Rd Ste F2

      RETAIL STORES (PERSONAL SERVICES)
      11882 De Palma Rd Ste F2, Corona, CA 92883-4009
      View Details
    • Value Estimation
      $5,000,000
      2.73 Acres

      21541 Temescal Cyn Rd

      RETAIL STORES (PERSONAL SERVICES)
      21541 Temescal Cyn Rd, Corona, CA 92883-4900
      View Details
    • Value Estimation by Request
      9.90 Acres

      22420 Temescal Cyn Rd Ste C

      STORE, RETAIL OUTLET
      22420 Temescal Cyn Rd Ste C, Corona, CA 92883-5701
      View Details
    • Value Estimation by Request

      2279 Eagle Gln Pkwy Ste, Unit 102

      RETAIL STORES (PERSONAL SERVICES)
      2279 Eagle Gln Pkwy Ste, Corona, CA 92883-0790
      View Details
    • Value Estimation by Request

      26741 Hostettler Rd

      STORE, RETAIL OUTLET
      26741 Hostettler Rd, Corona, CA 92883-5210
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,123 SF

      Freestanding Retail with Drive-Thru

      Freestanding retail building with drive-thru in Corona, California.
      11764 De Palma Rd, Corona, CA 92883
      View Details
    • Contact for pricing
      83,755 SF

      Shops at Dos Lagos Retail

      350,000+ sq ft retail space in idyllic open-air setting.
      2715-2810 Cabot Dr, Corona, CA 92883
      View Details
    • $32,670
      900 SF

      Corona Industrial Land Lease Opportunity

      3-Acre Industrial Lot, Stunning Views
      14299 Rd, Corona, CA 92883
      View Details
    • Contact for pricing
      201,844 SF

      Permit Ready Land For Sale

      9.26 net developable acres, permit ready for build-to-suit.
      22728 Temescal Canyon Rd, Corona, CA 92883
      View Details
    • $495,000
      217,800.00 Acres

      Corona Land with Panoramic Views

      5-acre hillside parcel in South Corona with development potential.
      11221 Spanish Hills Dr, Corona, CA 92883
      View Details
    • $799,000
      217,800.00 Acres

      Five Acre Corona Hillside Land

      Five acre hillside land with panoramic views in Corona, CA.
      Knob Hill/Weirick, Corona, CA 92883
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space Available

      Prime retail space for rent in Corona, CA.
      2780 Cabot Dr, Corona, CA 92883
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space Available

      Prime retail space available for lease.
      2795 Cabot Dr, Corona, CA 92883
      View Details
    • Contact for pricing
      8,056 SF

      First Floor Office Space Available

      Office space featuring reception, private offices, kitchen, and break room.
      4160 Temescal Canyon Rd, Corona, CA 92883
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Corona, CA, currently 100% leased.
      9050 Pulsar Ct, Corona, CA 92883
      View Details
    • Contact for pricing

      Corona Flex Space Available

      Flex space featuring office and ground level loading doors.
      12847 Temescal Canyon Rd, Corona, CA 92883
      View Details
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    Corona, CA 92883-5631
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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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