11764 De Palma RdCorona, CA 92883

Property Details for 11764 De Palma Rd

Year built

2008

Construction

WOOD

Lot size

0.99 AC

Property size (Sq ft)

5,213 SF

Zone code

SP

Property type

Retail properties

Property subtype

Banks

APN

290-670-026

APU

290670026

Description

This exceptional 5,123-square-foot retail property, located at 11764 De Palma Road in Corona, California, presents a compelling investment opportunity. Currently vacant, this freestanding building boasts a unique, fully-encircling drive-thru, ideal for quick-service restaurants or similar businesses. Situated within the Shops at Sycamore Plaza, a thriving shopping center anchored by Vons and CVS, this property benefits from high visibility and significant traffic. The one-acre lot offers substantial redevelopment potential for various commercial uses, including retail and medical facilities. Its strategic location provides excellent exposure to the 15 Freeway, with a daily traffic count exceeding 126,000 vehicles, further enhanced by signage rights to the center's freeway monument sign. Built in 2008, the property is zoned SP and features a single building on a 0.99-acre lot (APN 290-670-026). The asking price is $3,200,000, offering a fee simple ownership opportunity. The property's size and location make it suitable for a single tenant or can be easily adapted for multiple occupants. This is a rare chance to acquire a high-traffic, well-located retail space with significant upside potential in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,106,132

  6.5%

  $1,944,122

  7%

  $1,805,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,304,483

  Geo Method

  $4,623,746

• Alternative Use

  Use

  Valuation

  Residential

  $1,639,940

  Hospitality

  $1,502,176

  Educational

  $1,249,793

  Medical

  $1,292,775

  Retail

  $1,944,122

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.7472

Longitude

-117.455

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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