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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Retail space
928 Ontario Ave Corona, CA 92881-3616
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5675340
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
2.5 ac (108,900 SF)
Zoning code
A
APN
120-520-028
UPID
US09-5675340
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
-
Smart & Final Extra! Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Ritz Development · 8 yrs held
Ritz Development
since 2018
2 recorded transactions
Zoning & alternative use
A · Corona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CES TITLE 13 PUBLIC SERVICES TITLE 14 OIL AND GAS WELLS TITLE 15 BUILDINGS AND CONSTRUCTION TITLE 16 SUBDIVISIONS TITLE 17 ZONING CHAPTER 17.02 GENERAL PROVISIONS CHAPTER 17.04 DEFINITIONS AND CONSTRUCTION CHAPTER 17.06 A - AGRICULTURAL ZONE CHAPTER 17.08 A-14.4 - SINGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.10 R-1A - SINGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.1…
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
2,167.90 ac
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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
—
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
$126,512
Tax year 2024
Assessed value
$11,155,188
Assessed 2024
Previous assessed
$11,155,188
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,231,037
Assessed improvement
$8,924,151
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
2.5 ac (108,900 SF)
Zoning code
A
APN
120-520-028
UPID
US09-5675340
Jurisdiction
RIVERSIDE
Zoning & alternative use
A · Corona, CAZoning A · permitted uses
A · Corona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CES TITLE 13 PUBLIC SERVICES TITLE 14 OIL AND GAS WELLS TITLE 15 BUILDINGS AND CONSTRUCTION TITLE 16 SUBDIVISIONS TITLE 17 ZONING CHAPTER 17.02 GENERAL PROVISIONS CHAPTER 17.04 DEFINITIONS AND CONSTRUCTION CHAPTER 17.06 A - AGRICULTURAL ZONE CHAPTER 17.08 A-14.4 - SINGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.10 R-1A - SINGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.11 R-20.0 - SINGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.12 R-12.0 - SINGLE-FAMILY RE
Zone name
Agricultural
General category
AGRICULTURAL
Zone area
2,167.90 ac
Building & site characteristics
From public records
Heating
NONE
Lot
2.5 ac
Current owner
From public records · entity-resolved
Ritz Development
Entity
Mailing address
5947 VARIEL AVE, WOODLAND HILLS, CA 91367-5111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
—
Ritz Development
—
Deed
related
$3,800,000 · Fifth Third Bank NA
Feb 15, 2018
$10,000,000
Ritz Development
Mjlsf LLC
Grant Deed
$5,000,000 · Wells Fargo Bank NA
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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