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

    Corona Ave Corning, CA 96021

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $449,000

    Commercial land with highway access, suitable for various businesses.

    Lot size:
    3.71 Acres

    Property Features for Corona Ave

    General Information

    Lot size
    3.71 Acres

    We can help!

    Listing Contact
    Jen Spaletta
    Jen Spaletta
    Source: Elliman

    Listing Agent: Jen Spaletta

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Highway Commercial Zoned Land

    This property features Highway Commercial Zoning along I-5, situated midway between Sacramento and Redding, a location popular with commuters. The area is frequented by Tesla electric car charging, hotels, quick-service restaurants, and commuter service-based businesses. It serves as a truck stop hub and benefits from the Rolling Hills Casino, which hosts numerous events throughout the year, increasing tourism with concerts, equestrian events, dog trial competitions, golf tournaments, and hunting events. The property is currently used as a producing olive orchard. The current zoning is Highway Commercial, within the Hwy 99-W Specific Plan and under two overlay districts that encourage freeway-oriented commercial activities and mixed-use developments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Corning
    County
    Tehama
    State
    California
    Longitude
    -122.311
    Latitude
    39.8999

    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
    • $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
    • $2,050,000

      Versatile Agricultural Land Holding

      134-acre agricultural land with walnut and prune orchards.
      25392 Pennsylvania Ave, Corning, CA 96021
      View Details
    • $550,000

      30 Acres Fenced Irrigated Farmland

      30 acres of fenced, irrigated farmland with grafted Chandler walnuts.
      Loleta Ave, Corning, CA 96021
      View Details
    • $479,000

      Commercial Property with Landscaping

      Commercial property suitable for office or medical use.
      480 Solano St, Corning, CA 96021
      View Details
    • $130,000

      Specialty Property in Corning, CA

      Specialty property available for sale in Corning, California.
      3835 Gardiner Ferry Rd, Corning, CA 96021
      View Details
    • $390,000

      Specialty Property in Corning, CA

      Specialty property available for sale in Corning, California.
      25175 Pennsylvania Ave, Corning, CA 96021
      View Details
    • $2,500,000

      Retail Property in Corning, CA

      Retail property available for sale in Corning, California.
      975 99W, 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

    FAQs

    What type of property is this?
    Farm - Commercial land with highway access, suitable for various businesses.
    Where is this farm located?
    The property is located at Corona Ave Corning, CA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Highway Commercial Zoning along I-5: ideal for businesses targeting commuters and travelers.; - Prime Location: A popular stop for commuters halfway between Sacramento and Redding.; - Proximity to Tesla Charging Station: Attracts electric vehicle owners.
    (530) 567-8182
    Request Owner's contact information
    Corona Ave 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.
    Corona Ave
    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
    Corona Ave 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
    Jen Spaletta
    Jen Spaletta
    Real Estate License ID: 02060245
    (530) 567-8182
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.