Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Acreage in Olive City Title is generated by Realmo AI

    17315 Rancho Tehama Rd, Corning, CA 96021

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Corning, CA

    Lot size:
    1.02 Acres
    Added:
    Dec 15, 2025
    Days on Market:
    170
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 17315 Rancho Tehama Rd

    General Information

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

    We can help!

    Listing Contact
    Melissa Chappell

    Listing agent Melissa Chappell License #02001816

    Listing office Alta Realty Group CA, Inc. 69730 Hwy 111 #216, Newport Beach, CA

    Listing date Dec 15, 2025

    MLS# 25628721PS Listing URL

    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.

    HighLights

    • 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.
    • Potential for sustainable living with gardening and animal husbandry.
    • Features a rare bonus: a private landing strip, appealing to aviation enthusiasts.
    • Convenient access to nearby towns and major routes.

    Overview

    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 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
    -122.3940014
    Latitude
    40.0137766

    Nearby Similar for Sale

    • $750,000

      Corning Warehouse with Cold Storage

      Warehouse property with cold storage and loading dock in Corning.
      890 Marguerite, Corning, CA 96021
      View Details
    • $1,500,000

      Trucking Headquarters with Ample Storage

      Trucking headquarters on nearly 10 acres with highway visibility.
      3655 BARHAM Ave, Corning, CA 96021
      View Details
    • $30,000

      Rancho Tehama Land Opportunity

      2.09-acre lot in Rancho Tehama Association, Corning, CA.
      16295 Hillcrest Drive, Corning, CA 96021
      View Details
    • $16,500

      Rancho Tehama Homesite Opportunity

      1.86-acre homesite in Rancho Tehama community.
      16305 Hillcrest Drive, Corning, CA 96021
      View Details
    • $92,000

      Versatile 15.5 Acre Agricultural Land

      15.5 acres of vacant land suitable for agriculture or home.
      11 CORNING, Corning, CA 06021
      View Details
    • $970,000

      Well-Maintained McLane Circle 4-Plex

      Excellent investment opportunity in a desirable neighborhood setting.
      205 Mclane, Corning, CA 96021
      View Details
    • $475,000

      Well-Maintained Investment Opportunity in Corning

      Four-unit property with two bedrooms, one bath per unit.
      285 Mclane, Corning, CA 96021
      View Details
    • $43,000

      Leveled Land in Rancho Tehama

      Leveled 1.69-acre lot with services in Rancho Tehama, CA.
      15740 Rancho Tehama, Corning, CA 96021
      View Details
    • $34,900

      Land with Private Well

      Over an acre of land with a private well.
      7114 Horseshoe, Corning, CA 96021
      View Details
    • $7,000

      Scenic Land in Rancho Tehama

      2.24 acres of usable land with seasonal creek.
      16370 Oakridge Road, Corning, CA 96021
      View Details
    • $450,000

      9.78 Acres Commercial Land

      Commercial land with highway access, utilities, and development potential.
      0 Highway 99, Corning, CA 95021
      View Details
    • $11,500

      Northern California Residential Land Parcel

      Rural residential parcel in Corning, CA, ideal for building.
      17333 Wagon Wheel Dr, Corning, CA 96021
      View Details

    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 Off market.
    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.
    (760) 600-0773
    We can help!
    Listing Contact
    Melissa Chappell
    Real Estate License ID: 02001816
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    17315 Rancho Tehama Rd, Corning, CA 96021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!