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Property profile & analytics
FOR LEASE
Medical Office Space
2815 S Main St Corona, CA 92882
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-5637803
For Lease
1 / 5
$28.80 SF/Yr
2815 S Main St, Corona, CA 92882
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Property summary
AI-generated overview
This exceptional 2,714 square foot medical office space is situated within the Corona Medical Arts Plaza, a Class B building constructed in 2010. The single-tenant property, zoned R1, sits on a 4.61-acre lot at 2815 S Main St, Corona, CA 92882, in Riverside County (APN 113-340-079). The two-story building features a total of 40 parking spaces, providing a convenient 2.62 parking ratio. This former physical therapy office offers immediate occupancy potential with 2,714 square feet of readily available space. Its strategic location near the I-15 Freeway and Magnolia Avenue Interchange ensures easy access for patients and staff. The property benefits from its proximity to the Corona Regional Medical Center, a significant 238-bed hospital. The convenient location also offers nearby dining options. While the property previously had a lease in place, this listing presents an opportunity for a new tenant to establish their practice in a well-established medical environment. The property's features and location make it an ideal space for a variety of medical practices. Note that pricing and availability are subject to change.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
TILT-UP CONCRETE
Total area
15,809 SF
Lot
1.33 ac (57,934 SF)
Zoning code
A
APN
113-340-079
UPID
US09-5637803
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
-
All Star Physical Therapy Medical Clinic
-
Steve T. Vu MD, FACS Physician Medical Clinic
-
Aesthetic Advantage Deals Medical Clinic Skin Care Clinic
-
Corona Sleep & Wellness Medical Laboratory
-
Jesse Mitchell Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$3.34M
Owner & transaction history
Mohammad Iqbal Admani · 9 yrs held
Mohammad Iqbal Admani
since 2016
5 recorded transactions
Zoning & alternative use
A · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+70.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,365,000
6.5%
$4,030,000
7%
$3,740,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,815,000
Current use
OFFICE BUILDING
$4,790,000
Change: +70% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±10%
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
$211 / 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
$61,892
Tax year 2024
Assessed value
$5,444,507
Assessed 2024
Previous assessed
$5,444,507
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,977,545
Assessed improvement
$3,466,962
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2010
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
15,809 SF
Lot
1.33 ac (57,934 SF)
Zoning code
A
APN
113-340-079
UPID
US09-5637803
Jurisdiction
RIVERSIDE
Zoning & alternative use
A · Corona, CA
Zoning A · permitted uses
A · 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
MEDICAL BUILDING Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$4.8M
MEDICAL BUILDING Current
OFFICE BUILDING
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
2010
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Mohammad Iqbal Admani
Individual
Mailing address
2815 S MAIN ST, CORONA, CA 92882-2531
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Feb 7, 2022
—
Mohammad Iqbal Admani
—
Deed
related
$3,900,000 · Bbcn Bank
Dec 30, 2019
—
Admani Family 2002 Trust
—
Deed
related
$785,000 · Commercial Lndg
Sep 5, 2019
—
Mohammad Iqbal Admani
—
Deed
related
$250,000 · Sun Community FCU
Dec 23, 2016
$4,785,000
Mohammad Iqbal Admani
Corona Medical Arts Plaza LLC
Grant Deed
$3,588,750 · Sun Community FCU
—
—
Admani Family 2002 Trust
—
Deed Of Trust
related
$785,000 · Commercial Lndg
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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