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    2804 Fashion Dr Corona, CA 92883-5663
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    Property profile & analytics

    2804 Fashion Dr, Corona, CA 92883-5663

    View on Map
    • Apartment buildings
    • 3,944 SF
    • 13.13 lot acres
    Off-Market
    Property ID
    US09-5601011
    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
    $1,200,000
    Show details
    Cap Rate Potential
    3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2804 Fashion Dr

    Year built
    2018
    Construction
    WOOD
    Lot size
    13.13 lot acres
    Property type
    Apartment buildings
    APN
    279-450-034
    APU
    279450034

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $985,000
      6.5%
      $910,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $750,000
      Market price range: $300k - $750k

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.507
    Latitude
    33.8092
    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
    $1,026,932
    $4,201,247
    $71,235,735
    $75,436,982
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      1.28 Acres

      4593 Temescal Cyn Rd

      APARTMENT HOUSE (5+ UNITS)
      4593 Temescal Cyn Rd, Corona, CA 92883-0868
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    • Value Estimation
      $640,000
      18.76 Acres

      4593 Temescal Cyn Rd

      APARTMENT HOUSE (100+ UNITS)
      4593 Temescal Cyn Rd, Corona, CA 92883-0868
      View Details
    • Value Estimation
      $595,000
      5.23 Acres

      2704 Blue Spgs Dr

      APARTMENT HOUSE (5+ UNITS)
      2704 Blue Spgs Dr, Corona, CA 92883-4604
      View Details
    • Value Estimation
      $950,000
      4,218 SF

      25999 Gln Eden Rd

      MOBILE HOME PARK, TRAILER PARK
      25999 Gln Eden Rd, Corona, CA 92883-5223
      View Details
    • Value Estimation by Request
      43.34 Acres

      25999 Gln Eden Rd

      MOBILE HOME PARK, TRAILER PARK
      25999 Gln Eden Rd, Corona, CA 92883-5223
      View Details
    • Value Estimation
      $585,000
      3,411 SF

      21650 Temescal Cyn Rd

      MOBILE HOME PARK, TRAILER PARK
      21650 Temescal Cyn Rd, Corona, CA 92883-7300
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Ready to Build

      Prime lot with submitted plans for five pads.
      8355 Weirick Rd, Corona, CA 92883
      View Details
    • $399,900
      43,124.00 Acres

      Corona Land Ready to Build

      Prime lot in Corona, CA, ready for development.
      8355 Weirick Rd, Corona, CA 92883
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    • $599,900
      388,991.00 Acres

      Land Ready to Build

      Prime lot in Corona, CA, ready for development.
      Weirick Rd, Corona, CA 92883
      View Details
    • Contact for pricing

      Corona Land Parcel with Office

      12.21-acre land parcel with office building for sale.
      26741 Hostettler Rd, Corona, CA 92883
      View Details
    • $875,000

      Scenic Hillside Land Parcel

      5-acre parcel in Temescal Valley with views and improvements.
      11251 Spanish Hills Dr, Corona, CA 92883
      View Details
    • 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

    Similar Nearby for Lease

    • 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
      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

      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
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Corona, CA.
      12803 Temescal Canyon Rd, Corona, CA 92883
      View Details
    • Contact for pricing
      17,809 SF

      New Office Building For Lease

      Two-story office building under construction, completion anticipated 4Q2025.
      2794 Pronio Cir, Corona, CA 92883
      View Details
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    Corona, CA 92883-5663
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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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