Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corner Lot in Rancho Tehama Title is generated by Realmo AI

    15565 N Mendocino Drive, Corning, CA 96021

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Corning, CA

    Lot size:
    1.35 Acres
    Added:
    Jan 1, 2025
    Days on Market:
    505
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 15565 N Mendocino Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.35 Acres

    We can help!

    Listing Contact
    Cherie Beck

    Listing agent Cherie Beck License #01274716

    Listing office EXP Realty of California, Inc (Cherie Beck) 5853 Black Bear Rd, Weed, CA

    Listing date Jan 1, 2025

    MLS# 20250087 Listing URL

    Copyright © 2026 Tehama County Association Of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large corner lot in Rancho Tehama Reserve offering remote, rural living.
    • Enjoy VIEWS of Mt. Shasta and Mt. Lassen.
    • Community Airstrip (3750' X 40').
    • Community amenities include a Country Store, Gas Station, Recreation Hall, Park, and Playground.
    • Volunteer Fire Department on site.
    • Star‑gazing opportunities due to remote location.

    Overview

    This 1.35-acre corner lot is located in the Rancho Tehama Reserve, a rural community encompassing approximately 11 square miles. The area features gently sloping terrain with rolling hills populated by oak and pine trees. Views include Mt. Shasta, Mt. Lassen, and the surrounding hills, offering opportunities for stargazing. Community amenities include a country store, gas station, recreation hall, park, playground, an airstrip measuring 3750' X 40', a 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
    -122.311
    Latitude
    39.8999

    Nearby Similar for Sale

    • $12,500

      Acreage in Olive City

      1.02 acre parcel in Corning, California, ideal for homesteading.
      17315 Rancho Tehama Rd, Corning, CA 96021
      View Details
    • $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
    • $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
    • $275,000
      1,585 SF

      Commercial Property in Corning, CA

      Commercial property for sale in Corning, California.
      405 Solano Street, Corning, CA 96021
      View Details
    • $16,500

      Rancho Tehama Land Opportunity

      1.41-acre lot in Rancho Tehama, build your dream home.
      16318 Longhorn Lane, Corning, CA 96021
      View Details
    • $90,000

      35-Acre Land Parcel in Corning

      Large acreage with accessibility in Northern California near I-5.
      0 Newville Road, 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
    • $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
    • $19,888

      Rancho Tehama Vacant Fenced Land

      Slightly over one acre of fenced land in Corning.
      16240 Rancho Tehama Rd, Corning, CA 96021
      View Details

    FAQs

    What type of property is this?
    Land - 1.35 acre corner lot in rural Rancho Tehama Reserve.
    Where is this land located?
    The property is located at 15565 N Mendocino Drive 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: Large corner lot in Rancho Tehama Reserve offering remote, rural living.; Enjoy VIEWS of Mt. Shasta and Mt. Lassen.; Community Airstrip (3750' X 40').
    (530) 598-5370
    We can help!
    Listing Contact
    Cherie Beck
    Real Estate License ID: 01274716
    Learn More
    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
    15565 N Mendocino Drive, 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!