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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Grocery and convenience stores
535 Mckinley St Corona, CA 92879-1297
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1662007
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1993
Construction
WOOD
Total area
6,000 SF
Lot
5.93 ac (258,310 SF)
APN
172-130-006
UPID
US09-1662007
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
-
Wells Fargo Bank Bank Loan Service
-
Starbucks Cafe & Coffee Shop
-
Vons Pharmacy Pharmacy
-
John P. Laschober, RPH Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.52M
Owner & transaction history
Gkt Corona Hills Tmi LLC · 1 yrs held
Gkt Corona Hills Tmi LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+7.1%
Warehouse, storage
$1.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,700,000
Current use
OFFICE BUILDING
$1,820,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$1,775,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$253 / 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
$199,067
Tax year 2024
Assessed value
$16,045,500
Assessed 2024
Previous assessed
$16,045,500
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$5,538,995
Assessed improvement
$10,506,505
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
4
Total area
6,000 SF
Lot
5.93 ac (258,310 SF)
APN
172-130-006
UPID
US09-1662007
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
$1.7M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.8M
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
1993
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
4
Lot
5.93 ac
Current owner
From public records · entity-resolved
Gkt Corona Hills Tmi LLC
Entity
Mailing address
211 N STADIUM BLVD STE #201, COLUMBIA, MO 65203-1161
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
$2,342,500
Gkt Corona Hills Tmi LLC
Gkt Corona Hills Lw LLC
Grant Deed
$20,000,000 · Lmf Commercial LLC
Oct 7, 2019
—
Gkt Corona Hills Lw LLC
—
Deed
related
$24,000,000 · Citibank
Aug 14, 2019
$31,500,000
Gkt Corona Hills Tmi LLC
Corona Hills Marketplace LP
Grant Deed
—
Aug 23, 2007
—
Corona Hills Marketplace
Corona Hills Marketplace
Quit Claim Deed
—
—
—
Gkt Corona Hills Lw LLC
—
Deed Of Trust
related
$24,000,000 · Citibank
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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