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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    926 Ontario Ave Corona, CA 92881-3667

    • Retail space
    • 5,691 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2020
    $5,468,000
    Value Estimations
    $6,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5643732
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ono Hawaiian BBQ / Hawaiian Restaurant / American Restaurant
    • Jimmy John's / Caterer / Fast Food Restaurant
    • Ono Hawaiian BBQ #049 / Restaurant
    • Nothing Bundt Cakes / Bakery / Cake Shop

    Property Details for 926 Ontario Ave

    Year built
    2018
    Construction
    WOOD
    Lot size
    0.82 lot acres
    Property size
    5,691 SF
    Zone code
    A
    Property type
    Retail space
    APN
    120-520-026
    APU
    120520026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,845,000
      ML approach
      $6,470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,449,000
      Market price range: $1.40M - $4.45M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,825,000
      NEIGHBORHOOD: SHOPPING CENTER
      $4,900,000
      APARTMENT HOUSE (5+ UNITS)
      $4,275,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.55
    Latitude
    33.8506
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $66,020
    $928,557
    $4,934,241
    $5,862,798
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      1.83 Acres

      1121 California Ave

      STORE, RETAIL OUTLET • 1.83 Acres
      1121 California Ave, Corona, CA 92881-7233
      View Details
    • Value Estimation by Request

      2540 Corona Ca St, Unit 105

      RETAIL STORES (PERSONAL SERVICES)
      2540 Corona Ca St, Corona, CA 92881
      View Details
    • Value Estimation by Request

      1121 Olympic Dr

      STORE, RETAIL OUTLET
      1121 Olympic Dr, Corona, CA 92881-3391
      View Details
    • Value Estimation
      $910,000
      5,783 SF

      924 Ontario Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,783 SF
      924 Ontario Ave, Corona, CA 92881-3621
      View Details
    • Value Estimation
      $2,950,000
      1,008 SF

      1508 Taber St

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      1508 Taber St, Corona, CA 92881-4104
      View Details
    • Value Estimation
      $965,000
      2,101 SF

      19631 Temescal Cyn Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,101 SF
      19631 Temescal Cyn Rd, Corona, CA 92881-5654
      View Details

    Similar Nearby for Sale

    • $1,698,717
      1,300 SF

      Mixed-Use Commercial Opportunity in Corona

      Mixed-use commercial property with high visibility and flexible business potential.
      19594 Temescal Canyon Rd, Corona, CA 92881
      View Details
    • New
      $139,999
      2,200 SF

      Turnkey Restaurant Opportunity in Corona

      Fully equipped restaurant with beer and wine license for sale.
      2363 California Ave, Corona, CA 92881
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    • $40,347
      15,341 SF

      High-Visibility Corona Retail Center

      Prime location, high traffic, 15,341 sqft
      910 Aven Ct, Corona, CA 92881
      View Details
    • Contact for pricing
      6 SF

      South Corona Business Park Land

      Five parcels in master-planned business park, great South Corona location.
      Carbide Dr & Boron Dr, Corona, CA 92881
      View Details
    • $100,000

      Corona Crawfish & Hotpot Restaurant

      Established Restaurant, Prime Location, High Traffic
      2347 California Ave, Corona, CA 92881
      View Details
    • $170,000
      19,166.00 Acres

      Residential Land in South Corona

      Large lot with views in a residential area.
      19217 Ferrer Ave, Corona, CA 92881
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      6,200 SF

      Prime Commercial Space in Corona

      High-traffic location suitable for medical, wellness, or professional office uses.
      1561 E Ontario Ave, Corona, CA 92881
      View Details
    • $40,346

      Retail Space at Signalized Corner

      Prime retail location with high visibility and traffic.
      910 W Ontario Ave, Corona, CA 92881
      View Details
    • Contact for pricing
      4,000 SF

      Corona Retail Space - 4,000 SF

      Prime Corona retail space, new construction.
      1957 Foothill Pkwy Rd, Corona, CA 92881
      View Details
    • Contact for pricing
      962,326 SF

      Corona Retail Center Investment Opportunity

      Prime Retail Space Available in Corona, CA
      0 I-15 & Cajalco Rd, Corona, CA 92881
      View Details
    • $8,000 /Mo

      Fenced Yard with Renovated House

      0.505 acre fenced yard with renovated house for rent.
      9013 Cajalco Rd | Corona, Corona, CA 92881
      View Details
    • $39 SF/Yr
      4,095 SF

      Corona Retail Pad - Foothill Pkwy

      Prime Retail Space, I-15 Visibility
      1935 Foothill Pkwy, Corona, CA 92881
      View Details

    Property Visit Statistics

    • Visits by month
      36.1k
    • Visitors by month
      23.3k
    • Avg Time on site
      21 min
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    926 Ontario Ave
    Corona, CA 92881-3667
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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