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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Medical Office Space
886 Magnolia Ave, Corona, CA 92879-3105
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0972435
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
7,210 SF
Lot
0.87 ac (37,897 SF)
Zoning code
CP
APN
107-110-015
UPID
US09-0972435
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
-
Jennifer L. Melendez, DPT Physician
-
Corona Advanced Imaging Center Magnolia Avenue Medical Clinic
-
GROVE DIAGNOSTIC Medical Clinic
-
Healthcare Imaging Medical Clinic
-
Dr. Susan Y. Park, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$814k
Blend (final)
Blend
$1.20M
Owner & transaction history
Guochang Corona Medical Building Ll · 8 yrs held
Guochang Corona Medical Building Ll
since 2017
6 recorded transactions
Zoning & alternative use
CP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,285,000
Current use
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±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
$166 / 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
$25,162
Tax year 2024
Assessed value
$2,231,034
Assessed 2024
Previous assessed
$2,231,034
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$892,413
Assessed improvement
$1,338,621
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
1987
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,210 SF
Lot
0.87 ac (37,897 SF)
Zoning code
CP
APN
107-110-015
UPID
US09-0972435
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
$1.3M
MEDICAL BUILDING Current
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
1987
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Guochang Corona Medical Building Ll
Individual
Mailing address
316 CAMPUS DR, ARCADIA, CA 91007-6917
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2017
$18,500,000
Guochang Corona Medical Building Ll
Recodo Corona Plaza No 1 LP
Grant Deed
$11,000,000 · East West Bank
Apr 29, 2013
—
Recodo Corona Plaza No 1 LP
—
Deed Of Trust
related
$6,900,000 · California Bank & Trust
May 9, 2003
—
French,tr
Magnolia Investors LLC
Grant Deed
related
—
Apr 8, 2003
—
French,tr
Magnolia Investors LLC
Grant Deed
related
—
Mar 30, 2000
$5,460,000
Magnolia Investors LLC
Nakano International Corp
Grant Deed
$5,420,000 · Fremont Investment & Loan
Nov 8, 1996
$194,000
Nakano International Corp
Nakano/sbd Food Court Properti
Grant Deed
related
—
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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