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Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Strip malls
611 Grand Blvd Corona, CA 92879-2225
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2977224
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
WOOD
Total area
26,880 SF
Lot
2.81 ac (122,403 SF)
Zoning code
C3
APN
117-302-006
UPID
US09-2977224
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
-
C-Town Farmer's Market Grocery & Convenience Store Food Market
-
Bawarchi Tandoori Halal Restaurant Restaurant
-
Sanchez Recycling Inc Recycling Center Waste Management Facility
-
C-Town HALAL Meat Market Specialty Food Shop Butcher
-
Amazon Hub Locker - Shoulder Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.90M
CAP Approach
CAP
$6.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.90M
Owner & transaction history
Ara Ca Holdings LLC · 1 yrs held
Ara Ca Holdings LLC
since 2024
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
C3 · Corona, CA
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
$6,900,000
ML approach
$6,900,000
CAP Approach
CAP Return
Estimation
6%
$7,500,000
6.5%
$6,925,000
7%
$6,430,000
Blend value · Realmo final
$6.90M
Range $6.21M – $7.59M · ±10% · vs last sale $6.90M (Aug 1 2024)
Last sale anchor
$6.90M
Aug 1 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
$257 / 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
$79,463
Tax year 2024
Assessed value
$7,074,720
Assessed 2024
Previous assessed
$7,074,720
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,529,388
Assessed improvement
$5,545,332
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
3
Total area
26,880 SF
Lot
2.81 ac (122,403 SF)
Zoning code
C3
APN
117-302-006
UPID
US09-2977224
Jurisdiction
RIVERSIDE
Zoning & alternative use
C3 · Corona, CA
Zoning C3 · permitted uses
C3 · 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.
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
3
Lot
2.81 ac
Current owner
From public records · entity-resolved
Ara Ca Holdings LLC
Entity
Mailing address
12755 BRG WATER DR STE #104, RANCHO CUCAMONGA, CA 91739-9424
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
—
Ara Ca Holdings LLC
—
Deed
related
$6,000,000 · Cathay Bank
Aug 1, 2024
$6,900,000
Ara Ca Holdings LLC
Apel Holdings LLC
Grant Deed
—
Oct 13, 2021
$6,800,000
Apel Holdings LLC
Annie Kouyoumjian
Grant Deed
$5,100,000 · Standard Insurance Co
Oct 13, 2021
—
Standard Insurance Company
Apel Holdins LLC
Assignment Of Lease (leasehold Sale)
—
Feb 27, 2012
—
Kouyoumjian Family Properties
Kouyoumjian Family 2005 Trust
Quit Claim Deed
—
Feb 22, 2007
—
Flip Charitable Re Kouyoumjian
Kouyoumjian Family 2005 Trust
Quit Claim Deed
related
—
Sep 19, 2006
—
Kouyoumjian Family 2005 Trust
Kouyoumjian Family 1989 Trust
Quit Claim Deed
related
—
—
—
Kouyoumjian Family 1989 Trust
—
Deed Of Trust
related
$700,000 · 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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