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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Manufacturing properties
411 Leroy Dr, Corona, CA 92879-1361
Entity Owned
~
Est. High Equity
Property ID
US10-3191968
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Construction
TILT-UP CONCRETE
Total area
7,529 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M1
APN
119-301-030
UPID
US10-3191968
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
-
Airplus HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.19M
Owner & transaction history
Cruz Property Management LLC
Cruz Property Management LLC
since 2025
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
M1 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+78.3%
Office building
$2.3M
+25.1%
Warehouse, storage
$2.2M
+22.0%
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
$2,100,000
ML approach
$2,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,825,000
Current use
AUTO REPAIR, GARAGE
$3,250,000
Change: +78% · Conversion: Easy
OFFICE BUILDING
$2,280,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,225,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.70M (Nov 25 2025)
Last sale anchor
$2.70M
Nov 25 2025
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
$290 / 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
$24,861
Tax year 2024
Assessed value
$2,233,800
Assessed 2024
Previous assessed
$2,233,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$357,000
Assessed improvement
$1,876,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
7,529 SF
Lot
0.17 ac (7,405 SF)
Zoning code
M1
APN
119-301-030
UPID
US10-3191968
Jurisdiction
RIVERSIDE
Zoning & alternative use
M1 · Corona, CA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Cruz Property Management LLC
Entity
Mailing address
411 LEROY DR, CORONA, CA 92879-1361
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$2,700,000
Cruz Property Management LLC
Westpac Holding Company INC
Grant Deed
$2,496,800 · Wells Fargo Bank NA
Aug 17, 2022
$2,190,000
Westpac Holding Company INC
Corona 411 Properties LLC
Grant Deed
—
Mar 22, 2012
$715,000
Corona 411 Properties LLC
R Charles Marlin
Grant Deed
$364,600 · Security Bank Of California
Dec 24, 2009
$753,000
Marlin R C & K M 1997 Trust
Lehman Brothers Small 2007-2
Grant Deed
—
Jul 9, 2009
$652,860
Lehman Brothers Small 2007-2
Fidelity Natl Title Co
Trustees Deed
related
—
Apr 13, 2007
$1,340,000
Real Acquisitions LLC
Shaw Corona LLC
Grant Deed
$603,000 · Lehman Brothers Bank Fsb
May 26, 2005
—
Shaw Corona LLC
Harlan Properties LLC
Grant Deed
$17,000,000 · East West Bank
—
—
Corona 411 Properties LLC
—
Deed Of Trust
related
$302,000 · Cdc Small Business Finance Co
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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