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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Retail space
500 Corona Mall Corona, CA 92879-1420
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3362645
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD
Total area
6,370 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C2
APN
117-143-037
UPID
US09-3362645
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
-
5th Avenue Make Up Studio Cosmetic Store
-
Dr. Zan Benjamin, MD Pediatrician Physician
-
Main Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.41M
Owner & transaction history
City Of Corona · 1 yrs held
City Of Corona
since 2024
7 recorded transactions
Zoning & alternative use
C2 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+7.1%
Warehouse, storage
$1.9M
+4.4%
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
$1,405,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,355,000
7%
$1,260,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,805,000
Current use
OFFICE BUILDING
$1,930,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$1,880,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$221 / 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
$17,202
Tax year 2024
Assessed value
$1,538,751
Assessed 2024
Previous assessed
$1,538,751
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$159,181
Assessed improvement
$1,379,570
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
1960
Construction
WOOD
Heating
NONE
Stories
2
Total area
6,370 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C2
APN
117-143-037
UPID
US09-3362645
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Corona, CA
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.9M
RETAIL STORES Current
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
1960
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
City Of Corona
Entity
Mailing address
937 VIA LATA STE #500, COLTON, CA 92324-3940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
City Of Corona
Vr Properties LLC
Grant Deed
—
Sep 17, 2024
—
Vr Properties LLC
—
Deed
related
$700,000 · Partners Bank Of California
Jan 18, 2024
—
Vr Properties LLC
—
Deed
related
$1,000,000 · Bank Of America NA
Jun 17, 2021
$1,450,000
Vr Properties LLC
Mohammad Aman Mojadidi
Grant Deed
$1,160,000 · Bank Of America NA
Jan 4, 2019
—
D K Star Ent LLC
Ggf Pico Rivera LLC
Quit Claim Deed
related
—
Nov 20, 2018
—
Mohammad A Mojadidi
Dk Star Ents LLC
Quit Claim Deed
—
Jul 17, 2018
$800,000
Dk Star Ent LLC
Mojadidi,mohammad A
Grant Deed
—
Oct 23, 2013
$730,000
Mohammad A Mojadidi
Palitz,murray & Linda
Grant Deed
$355,000 · Murray & Linda Palitz
Mar 13, 2003
—
Davin Palitz
Palitz,murray & Linda
Quit Claim Deed
related
—
Aug 5, 1994
$420,000
Murray Palitz
Southwest Saving
Grant Deed
$300,000 · Bank Of Westminster
—
—
Mohammad A Mojadidi
—
Deed Of Trust
related
$350,000 · David's Academy Of Beauty
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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