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Property profile & analytics
OFF-MARKET
Estimated value
$4,320,000
Retail space
490 Main St Corona, CA 92878-3461
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-5459416
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Construction
WOOD
Total area
13,131 SF
Lot
0.54 ac (23,522 SF)
APN
119-560-008
UPID
US09-5459416
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
-
iSmiles Braces Dental Office
-
Happiest Ours Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Happiest Ours Marketplace Take-out & Catering Catering Service
-
Adored Ink Tattoo & Piercing Shop
-
Happiest Ours (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.52M
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$4.32M
Owner & transaction history
Winship Properties II LLC · 2 yrs held
Winship Properties II LLC
since 2023
Last sale
$4.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,410,000
ML approach
$4,515,000
CAP Approach
CAP Return
Estimation
6%
$3,030,000
6.5%
$2,795,000
7%
$2,595,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,090,000
Current use
AUTO REPAIR, GARAGE
$5,670,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±10% · vs last sale $4.18M (Dec 22 2023)
Last sale anchor
$4.18M
Dec 22 2023
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
$329 / 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
$57,870
Tax year 2024
Assessed value
$5,125,000
Assessed 2024
Previous assessed
$5,125,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$600,000
Assessed improvement
$4,525,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
13,131 SF
Lot
0.54 ac (23,522 SF)
APN
119-560-008
UPID
US09-5459416
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
2018
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Winship Properties II LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 909, RIVERSIDE, CA 92502-0909
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
$4,175,000
Winship Properties II LLC
Metro At Main Retail LP
Grant Deed
—
Dec 21, 2023
—
Metro At Main Retail LP
Corona North Retail Development LP
Grant Deed
$76,900,000 · The United States Life Insurances Compan
Sep 9, 2019
—
Corona North Retail Dev LP
Corona North Main Dev LP
Quit Claim Deed
$76,900,000 · Miscellaneous Ins 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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