Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    404 Sierra Vis St Corona, CA 92882-1978

    • Apartment buildings
    • 9,276 SF
    • 1.95 lot acres
    OFF-MARKET
    Last Sale
    Oct 25, 2022
    Value Estimations
    $1,550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1442802
    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.

    Current Use by Public Records

    • Peppertree Court - Stealth Properties LLC / Apartment Building

    Property Details for 404 Sierra Vis St

    Year built
    1987
    Construction
    WOOD
    Lot size
    1.95 lot acres
    Property size
    9,276 SF
    Zone code
    C3
    Property type
    Apartment buildings
    APN
    118-270-012
    APU
    118270012

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,320,000
      6.5%
      $2,145,000
      7%
      $1,990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,764,000
      Market price range: $778k - $1.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.581
    Latitude
    33.8788
    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
    $132,759
    $1,816,003
    $10,085,714
    $11,901,717
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,368 SF

      1101 10th St

      APARTMENT HOUSE (5+ UNITS) • 1,368 SF
      1101 10th St, Corona, CA 92882-4530
      View Details
    • Value Estimation
      $1,990,000
      11,276 SF

      770 Sherman Ave

      APARTMENT HOUSE (100+ UNITS) • 11,276 SF
      770 Sherman Ave, Corona, CA 92882-3199
      View Details
    • Value Estimation
      $1,265,000
      7,066 SF

      511 Summerwood Ct

      APARTMENT HOUSE (5+ UNITS) • 7,066 SF
      511 Summerwood Ct, Corona, CA 92882
      View Details
    • Value Estimation by Request
      100,240 SF

      1456 Serfas Clb Dr

      APARTMENT HOUSE (100+ UNITS) • 100,240 SF
      1456 Serfas Clb Dr, Corona, CA 92882-8737
      View Details
    • Value Estimation
      $860,000
      6,400 SF

      842 Sherman Ave

      APARTMENT HOUSE (5+ UNITS) • 6,400 SF
      842 Sherman Ave, Corona, CA 92882-3189
      View Details
    • Value Estimation
      $755,000
      4,358 SF

      1077 Border Ave

      APARTMENT HOUSE (5+ UNITS) • 4,358 SF
      1077 Border Ave, Corona, CA 92882-6530
      View Details

    Similar Nearby for Sale

    • $374,900
      673 SF

      Stunning Condo with Valley Views

      Upgraded condo with mountain views, modern amenities, and resort-style living.
      2568 Avenida Del Vis, Corona, CA 92882
      View Details
    • $569,900
      1,400 SF

      Sierra Del Oro End Unit

      Three-story condo with mountain views, upgraded features, and community amenities.
      2802 Green River Rd, Corona, CA 92882
      View Details
    • $555,000
      1,495 SF

      Lakeside Living Condo with Amenities

      Turnkey 3-bedroom condo in amenity-rich community with lakeside access.
      1533 Camelot Dr, Corona, CA 92882
      View Details
    • $417,000
      1,040 SF

      Open Condo Near Freeways

      Two-bedroom, two-bathroom condo with community amenities and freeway access.
      1598 Border Ave, Corona, CA 92882
      View Details
    • $2,000,000
      3,916 SF

      Corona Mixed-Use Investment Opportunity

      Mixed-use property with residential and commercial units in Corona.
      820 W 6Th St, Corona, CA 92882
      View Details
    • $1,245,000
      3,000 SF

      Remodeled Triplex in Corona, CA

      Fully remodeled 3-unit property with strong cash flow potential.
      1240 E St, Corona, CA 92882
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,129 SF

      Corona Retail Center - For Lease

      Grocery-anchored, 59,129 SF available.
      100 Ontario Ave, Corona, CA 92882
      View Details
    • $1.50 SF/Yr
      1,582 SF

      Multi-Tenant Warehouse Space Available

      Multi-tenant warehouse space with street frontage for lease.
      1485-1499 Pomona Rd, Corona, CA 92882
      View Details
    • $2 SF/Yr
      67,590 SF

      Office Space with Freeway Signage

      Office property with high visibility and convenient amenities nearby.
      200 S Main St, Corona, CA 92882
      View Details
    • Contact for pricing

      Restaurant Pad in Corona Center

      Freestanding drive-thru restaurant pad available in Corona shopping center.
      2621-2721 Green River Rd, Corona, CA 92882
      View Details
    • $1.75 SF/Yr
      46,068 SF

      Medical Office Space in Corona

      Medical office space near Corona Regional Medical Center and major freeways.
      900 S Main St, Corona, CA 92882
      View Details
    • $29 SF/Yr
      68,590 SF

      Global Corporate Center, Corona CA

      Executive Suites in Prime Corona Location
      200 Main St, Corona, CA 92882
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    404 Sierra Vis St
    Corona, CA 92882-1978
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.