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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Medical Office Space
613 Howard St, Corona, CA 92879-2254
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2677306
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
4,677 SF
Lot
0.35 ac (15,245 SF)
Zoning code
CP
APN
117-201-009
UPID
US09-2677306
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
-
Syntax Global (Bike/Boat/Book/etc) Store Corporate Office
-
Bitthal Maheshwari, M.D, Cardiologist & Internal Medicine, Prof Corp Physician
-
Maheshwari Medical Center: Dr Bitthal Maheshwari Physician
-
Bryce's Sliding Doors General Contractor Renovation Specialist
-
Mission City Community Network - Corona Community Health Centre Health Care Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.14M
Owner & transaction history
Mission City Community Network INC · 5 yrs held
Mission City Community Network INC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CP · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+70.0%
Warehouse, storage
$1.4M
+65.8%
Retail stores
$1.3M
+58.8%
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
$705,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
$1,290,000
6.5%
$1,190,000
7%
$1,105,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$835,000
Current use
OFFICE BUILDING
$1,415,000
Change: +70% · Conversion: Easy
WAREHOUSE, STORAGE
$1,380,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.23M (Jun 10 2021)
Last sale anchor
$1.23M
Jun 10 2021
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
$243 / 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
$14,604
Tax year 2024
Assessed value
$1,299,979
Assessed 2024
Previous assessed
$1,299,979
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$275,914
Assessed improvement
$1,024,065
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,677 SF
Lot
0.35 ac (15,245 SF)
Zoning code
CP
APN
117-201-009
UPID
US09-2677306
Jurisdiction
RIVERSIDE
Zoning & alternative use
CP · Corona, CA
Zoning CP · permitted uses
CP · 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
MEDICAL BUILDING Current
Est. value
$835,000
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING Current
OFFICE BUILDING
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
2003
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Mission City Community Network INC
Entity
Mailing address
8527 SEPULVEDA BLVD, NORTH HILLS, CA 91343-5824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 10, 2021
$1,225,000
Mission City Community Network INC
Bitthal D Maheshwari
Grant Deed
—
Aug 6, 2018
—
Bitthal D Maheshwari
Maheshwari B D Living Trust
Quit Claim Deed
related
—
Jan 4, 2018
—
Maheshwari Living Trust
Maheshwari,bitthal
Quit Claim Deed
related
—
Jul 18, 2017
$30,000
Bitthal Maheshwari
Maheshwari Medical Center
Grant Deed
—
Jun 10, 2004
—
Anoop K Maheshwari
Maheshwari,meenu K
Quit Claim Deed
related
$468,000 · Sun Country Bank
Jul 13, 2001
$230,000
Anoop K Maheshwari
Clement,robert W & Frances L
Grant Deed
—
Mar 1, 1988
$90,000
Frances Clement
Genun
Grant Deed
—
—
—
Maheshwari Medical Centre
—
Deed Of Trust
related
$429,000 · Cdc Small Business Finance 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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