Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    205 Mclane Ave Corning, CA 96021

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $970,000

    Well-maintained 4-plex with spacious units in a desirable location.

    Lot size:
    0.66 Acres

    Property Features for 205 Mclane Ave

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.66 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Teresa Smith
    Source: Elliman

    Listing Agent: Teresa Smith

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

    Learn more

    Overview

    McLane Circle Investment Opportunity

    This maintained 4-plex presents an investment opportunity within the McLane Circle community. Each of the four units features 2 bedrooms and 1 bathroom, along with an open-concept kitchen and living area. The units also include an attached covered parking area and laundry hookups for a washer and dryer. Residents benefit from convenient off-street parking and a neighborhood setting with proximity to local amenities. This listing includes Units 205–211 and 219–241. McLane Circle consists of five total 4-plex buildings, with three currently owned by the same seller. All three 4-plexes are available for purchase.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Tehama
    State
    California
    Longitude
    -122.165512
    Latitude
    39.931198

    Nearby Similar for Sale

    • $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
    • $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
    • $479,000

      Commercial Property with Landscaped Grounds

      Commercial property with established office use and ample parking.
      480 Solano St, 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
    • $479,000

      Commercial Property with Landscaping

      Commercial property suitable for office or medical use.
      480 Solano St, Corning, CA 96021
      View Details
    • $500,000

      30 Acres Fenced Irrigated Farmland

      30 acres of fenced, irrigated farmland with grafted Chandler walnuts.
      Loleta Ave, Corning, CA 96021
      View Details
    • $500,000

      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
    • $125,888

      Specialty Property in Corning, CA

      Specialty property available for sale in Corning, California.
      3835 Gardiner Ferry Rd, 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
    • $449,000
      3.71 Acres

      Prime Corning Commercial Land

      I-5 Corridor, 3.71 Acres, High Traffic
      Corona Ave, 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

    FAQs

    What type of property is this?
    Quadplex - Well-maintained 4-plex with spacious units in a desirable location.
    Where is this quadplex located?
    The property is located at 205 Mclane Ave Corning, CA.
    What is the asking price?
    The asking price for this property is $970,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity: 4-plex in McLane Circle community.; - Each unit features **2 bedrooms and 1 bathroom with an open-concept kitchen and living area.**; - Every unit includes **attached covered parking and laundry hookups.**
    (530) 680-3848
    Request Owner's contact information
    205 Mclane 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.
    205 Mclane 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
    205 Mclane 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
    Teresa Smith
    Real Estate License ID: 01500355
    (530) 680-3848
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!