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    The Largest CRE Database in the US with Over 1 Million Listings

    17315 Rancho Tehama Rd Corning, CA 96021

    Sponsored
    For Sale
    Contact for pricing

    LAND - Corning, CA

    Lot size:
    1.02 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 25 at 9:06 am

    Property Features for 17315 Rancho Tehama Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RE-MH-BZ
    APN
    060060022000
    Lot size
    1.02 Acres

    We can help!

    Listing Contact
    Melissa Chappell

    Alta Realty Group CA Inc. (888) 504-5327

    Listing agent Melissa Chappell (888) 504-5327 License #02001816

    Listing date Feb 17, 2026

    MLS# 25628721PS

    Copyright © 2026 The MLS/CLAW. 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

    Acreage in Olive City

    This 1.02-acre parcel in Corning, California, offers a blend of history, agriculture, and open-sky freedom, making it an ideal canvas for a modern homestead, multi-generational living, or rural retreat. Located in Tehama County, Corning is known as the "Olive City" due to its olive groves and Mediterranean-style climate. The area has warm, dry summers and mild winters, suitable for year-round vegetable growing and planting orchards of olives, figs, citrus, stone fruit, and almonds. The land is suitable for raising chickens, goats, sheep, or other livestock while enjoying sustainable living, gardening, and animal husbandry. The flat to gently usable land offers excellent potential for gardens, barns, greenhouses, and outdoor living spaces. Zoned for residential use (RE-MH-BZ), the property offers the potential to build more than one home, ideal for extended family living, a main residence with an ADU, or future investment opportunities. A private landing strip makes this property appealing to aviation enthusiasts. Convenient access to nearby towns and major routes make this an ideal hideaway. This Corning parcel offers space, sunshine, and opportunity for a self-sufficient homestead, a peaceful country escape, or a long-term investment in Northern California land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Pet Store Supermarket Daycare Center Parking Lot & Garage Restaurant Food Market Grocery & Convenience Store Grocery & Convenience Store Real Estate Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Tehama
    State
    California
    Longitude
    -122.393988
    Latitude
    40.013767

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    FAQs

    What type of property is this?
    Residential land & home lot - 1.02 acre parcel in Corning, California, ideal for homesteading.
    Where is this residential land & home lot located?
    The property is located at 17315 Rancho Tehama Rd Corning, CA.
    What is the asking price?
    The asking price for this property is $12,500.
    What are key features of this property?
    This property features: - 1.02-acre parcel ideal for a modern homestead, multi-generational living, or rural retreat.; - Zoned for residential use with potential to build more than one home (buyer to verify).; - Bountiful climate perfect for year-round vegetable growing and planting various fruit and nut trees.
    (888) 504-5327
    Request Owner's contact information
    17315 Rancho Tehama Rd Corning, CA 96021
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    Corning, CA 96021
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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
    17315 Rancho Tehama Rd Corning, CA 96021
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    We can help!
    Listing Contact
    Melissa Chappell
    Real Estate License ID: 02001816
    (888) 504-5327 (760) 600-0773
    Learn more
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