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    Property profile & analytics

    Corona, CA 92879

    • Warehouses
    • 13,184 SF
    • 8.55 lot acres
    OFF-MARKET
    Last Sale
    Aug 04, 2021
    $166,000
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3098009
    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

    • Warehouses

    Property Details

    Year built
    2000
    Construction
    TILT-UP CONCRETE
    Lot size
    8.55 lot acres
    Property size
    13,184 SF
    Property type
    Warehouses
    APN
    115-050-036
    APU
    115050036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $220,000
      ML approach
      $900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.544
    Latitude
    33.8794
    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
    $68,942
    $3,914,321
    $2,126,157
    $6,040,478
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      506,810 SF

      1325-1533 Sherborn St

      Distribution properties • 506,810 SF
      1325-1533 Sherborn St, Corona, CA 92879
      View Details
    • Value Estimation
      $745,000
      15,427 SF

      2490 Anselmo Dr

      WAREHOUSE, STORAGE • 15,427 SF
      2490 Anselmo Dr, Corona, CA 92879-8089
      View Details
    • Value Estimation
      $905,000
      29,276 SF

      Corona, CA 92879

      WAREHOUSE, STORAGE • 29,276 SF
      Corona, CA 92879
      View Details
    • Value Estimation
      $1,505,000
      117,583 SF

      2375 Sampson Ave

      WAREHOUSE, STORAGE • 117,583 SF
      2375 Sampson Ave, Corona, CA 92879-6032
      View Details
    • Value Estimation by Request
      62,233 SF

      1360 6Th St

      Distribution properties • 62,233 SF
      1360 6Th St, Corona, CA 92879
      View Details
    • Value Estimation
      $345,000
      0.80 Acres

      2870 Ragle Way

      WAREHOUSE, STORAGE • 0.80 Acres
      2870 Ragle Way, Corona, CA 92879-6130
      View Details

    Similar Nearby for Sale

    • $2,778,201
      7,529 SF

      Freestanding Industrial Building with Yard

      Freestanding industrial building with fenced yard and freeway access.
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    • Contact for pricing
      62,233 SF

      Corona Warehouse: 62,233 SF

      Industrial warehouse for sale in Corona, CA
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      62,669 SF

      Corona Warehouse with Secured Storage

      62,669 SF warehouse with secured outdoor storage in Corona.
      1645 Leeson Ln, Corona, CA 92879
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    • $3,500,000
      10,096 SF

      Freestanding Building Near Freeways

      Freestanding building with office space and convenient freeway access.
      210 Crouse Dr, Corona, CA 92879
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    • $13,500,000
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      Industrial Building with Secured Yard

      Industrial building featuring a large, secured yard and office space.
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      3,600 sq ft commercial building suitable for various uses.
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    Similar Nearby for Lease

    • $1.60 SF/Yr
      9,237 SF

      Industrial Space with Office

      Multi-tenant building with office space and loading doors.
      490 Princeland Ct, Corona, CA 92879
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    • Contact for pricing
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      Corona Industrial Space with Yard

      Flexible industrial spaces with yard, dock-high loading, and heavy zoning.
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    • $1.00 SF/Yr
      18,236 SF

      Corona Warehouse with Secured Yard

      Warehouse space with secured yard available for sublease.
      1470 E 6Th St, Corona, CA 92879
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    • $1.55 SF/Yr
      7,800 SF

      Free Standing Warehouse For Rent

      7,800 SF free standing building with 1,000 SF office.
      531 W Rincon St, Corona, CA 92879
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    • $1.45 SF/Yr
      14,100 SF

      Industrial Space with Fenced Yard

      Industrial space featuring a fenced yard and easy freeway access.
      220 Crouse Dr, Corona, CA 92879
      View Details
    • $1.35 SF/Yr
      23,380 SF

      Industrial Building with Fenced Yard

      Freestanding industrial building featuring office space and HVAC production area.
      235 Jason Ct, Corona, CA 92879
      View Details
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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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