Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16240 Rancho Tehama Rd Corning, CA 96021

    Sponsored
    For Sale
    Contact for pricing

    Vacant Land - Corning, CA

    Lot size:
    1.19 Acres
    Days on Market:
    385
    Last Refresh:
    Feb 21 at 11:06 pm

    Property Features for 16240 Rancho Tehama Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    APN
    062-070-035
    Parking features
    Garage
    Lot size
    1.19 Acres

    Taxes and HOA fees

    Expense value
    60
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cher Beck

    eXp Realty of California, Inc. (888) 823-7179

    Listing agent Cher Beck (888) 823-7179

    Listing date Feb 2, 2025

    MLS# 11418815 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rancho Tehama Vacant Fenced Land

    This fenced property, slightly more than one acre, is located in the Rancho Tehama Reserve. The Rancho Tehama Reserve encompasses approximately 11 square miles of remote, rural living characterized by large lots and rolling hills populated with oak and pine trees. Views include Mt. Shasta, Mt. Lassen, and the surrounding hills, offering opportunities for star-gazing. Community amenities include a country store, gas station, recreation hall, park, playground, airstrip (3750' X 40'), volunteer fire department, and a post office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Corning
    County
    Tehama
    State
    California
    Longitude
    -122.432614
    Latitude
    40.016377

    Nearby Similar for Sale

    • $275,000
      1,585 SF

      Commercial Property in Corning, CA

      Commercial property for sale in Corning, California.
      405 Solano St, Corning, CA 96021
      View Details
    • $970,000
      7,236 SF

      Well-Maintained Corning Quadruplex Investment

      Desirable fourplex featuring spacious units and convenient amenities.
      205 Mclane Ave, Corning, CA 96021
      View Details
    • $475,000
      3,072 SF

      Corning CA Fourplex Investment Opportunity

      Well-maintained fourplex in a quiet neighborhood, excellent investment opportunity.
      285 Mclane Ave, Corning, CA 96021
      View Details
    • $1,800,000
      314,503 SF

      Corning CA Retail Complex

      Prime Retail & Warehouse, High Visibility
      2120 Loleta Ave, Corning, CA 96021
      View Details
    • $449,000
      3.71 Acres

      Prime Corning Commercial Land

      I-5 Corridor, 3.71 Acres, High Traffic
      Corona Ave, Corning, CA 96021
      View Details
    • $279,000
      13.39 Acres

      13.39 Acres Corning Commercial Land

      Prime Agricultural & Residential Land
      24525 Rowland Ln, Corning, CA 96021
      View Details
    • $550,000

      Productive Orchard on Fenced Land

      Operating orchard with irrigation, wells, and mature trees.
      Mary Ave, Corning, CA 96021
      View Details
    • $175,000

      Versatile Commercial Lot Near Casino

      1.1-acre lot with C-2 zoning, excellent visibility, ample parking.
      2739 99W w, Corning, CA 96021
      View Details
    • Contact for pricing
      1,900 SF

      Corning Dental Office Space For Lease

      Established Dental Practice - Turnkey Opportunity
      480, Corning, CA 96021
      View Details
    • $450,000
      9.78 Acres

      Corning Highway 99 Mixed-Use Land

      Prime Commercial Land, Highway 99, Corning
      99 Hwy, Corning, CA 95021
      View Details
    • $550,000
      5,000 SF

      Historic Corning Commercial Building

      Prime Location, Versatile Spaces, Updated Elevator
      618 4Th St, Corning, CA 96021
      View Details
    • Contact for pricing
      40,440 SF

      Corning Mixed-Use City Block

      Large Industrial Complex, Excellent Location
      1575 St, Corning, CA 96021
      View Details

    FAQs

    What type of property is this?
    Land - Slightly over one acre of fenced land in Corning.
    Where is this land located?
    The property is located at 16240 Rancho Tehama Rd Corning, CA.
    What is the asking price?
    The asking price for this property is $19,888.
    What are key features of this property?
    This property features: - Large 1+ acre fenced property.; - Located in Rancho Tehama Reserve, offering remote, rural living.; - Enjoy scenic views of Mt. Shasta, Mt. Lassen, and surrounding hills.
    (530) 598-5370
    Request Owner's contact information
    16240 Rancho Tehama Rd Corning, CA 96021
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16240 Rancho Tehama Rd
    Corning, CA 96021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16240 Rancho Tehama Rd Corning, CA 96021
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cher Beck
    Real Estate License ID: 01274716
    (530) 598-5370 (888) 823-7179
    Learn more
    Google sign-in failed. Please try again or use another login method.