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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Office buildings
518 Queensland Cir Corona, CA 92879-1381
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-0995976
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
TILT-UP CONCRETE
Total area
4,003 SF
Lot
0.09 ac (3,920 SF)
Zoning code
M-2
APN
119-301-014
UPID
US09-0995976
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
-
Laura Avila Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
Gaby G Azar · 1 yrs held
Gaby G Azar
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
M-2 · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+42.5%
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
$1,690,000
ML approach
$1,690,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,215,000
Current use
AUTO REPAIR, GARAGE
$1,730,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,185,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$1,135,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.69M (Jul 19 2024)
Last sale anchor
$1.69M
Jul 19 2024
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
$422 / 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
$8,810
Tax year 2024
Assessed value
$787,018
Assessed 2024
Previous assessed
$787,018
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$141,391
Assessed improvement
$645,627
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
4,003 SF
Lot
0.09 ac (3,920 SF)
Zoning code
M-2
APN
119-301-014
UPID
US09-0995976
Jurisdiction
RIVERSIDE
Zoning & alternative use
M-2 · Corona, CA
Zoning M-2 · permitted uses
M-2 · 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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
0.09 ac
Current owner
From public records · entity-resolved
Gaby G Azar
Individual
Mailing address
518 QUEENSLAND CIR STE #200, CORONA, CA 92879-1381
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Gaby G Azar
—
Deed
related
$500,000 · Zrl Investments LLC
Jul 19, 2024
$1,690,000
Gaby G Azar
Ckm Betterment Properties LLC
Grant Deed
—
Jul 19, 2024
—
Gaby G Azar
Darlene Ann Azar
Intrafamily Transfer
related
$1,445,000 · Beach Cities Commercial Bank
Jun 28, 2021
—
Ckm Betterment Properties LLC
—
Deed
related
$50,000 · The Woody Family Living Trust
Jan 4, 2019
—
Ckm Betterment Properties LLC
—
Deed
related
$500,000 · Farmers & Merchants Bk/lng Bch
Mar 6, 2018
—
Ckm Betterment Properties LLC
—
Deed
related
$530,000 · Western Alliance Bank
Jul 24, 2014
—
Ckm Betterment Properties LLC
Shaw Corona LLC
Grant Deed
—
—
—
Ckm Betterment Properties LLC
—
Deed Of Trust
related
$500,000 · Farmers & Merchants Bk/lng Bch
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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