Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2761 Hwy Corning, CA 96021
    Back to Search
    Property profile & analytics

    2761 Hwy Corning, CA 96021

    View on Map
    • Mixed-use properties
    • 212,137 SF
    • 8.47 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 2761 Hwy

    Lot size
    8.47 lot acres
    Property size
    212,137 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 8.47-acre commercial property boasts 326 feet of frontage on Highway 99 in Corning, CA. The expansive 212,137 square foot lot presents a significant opportunity for businesses seeking high visibility and accessibility. Its strategic location along a busy thoroughfare ensures substantial traffic exposure, ideal for attracting customers and clients. The property's proximity to major transportation routes and key intersections guarantees convenient access for both businesses and their suppliers. This vacant land offers unparalleled potential for a wide range of commercial ventures, capitalizing on the high traffic volume and strategic positioning. The substantial size of the lot allows for flexibility in development and design, accommodating various business needs and expansion plans. This is a rare opportunity to secure a prime commercial location with exceptional visibility and accessibility in a growing area. The property's location offers significant advantages for businesses seeking to establish a strong presence in a high-traffic area, ensuring maximum exposure and accessibility for their operations. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $450,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Tehama
    State
    California
    Longitude
    -122.196
    Latitude
    39.9114

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      618

      Mixed-use properties • 5,000 SF
      618, Corning, CA 96021
      View Details
    • Value Estimation by Request
      3.71 Acres

      Carona Ave

      Land • 3.71 Acres
      0 Carona Ave, Corning, CA 96021
      View Details
    • Value Estimation by Request
      5,000 SF

      618

      Mixed-use properties • 5,000 SF
      618, Corning, CA 96021
      View Details
    • Value Estimation by Request
      40,440 SF

      1575 St

      Mixed-use properties • 40,440 SF
      1575 St, Corning, CA 96021
      View Details
    • Value Estimation by Request

      2761 Hwy

      Manufacturing properties
      2761 Hwy, Corning, CA 96021
      View Details
    • Value Estimation by Request
      4,500 SF

      1413 Solano St

      STORE/OFFICE (MIXED USE) • 4,500 SF
      1413 Solano St, Corning, CA 96021-3054
      View Details

    Similar Nearby for Sale

    • $599,999
      5,000 SF

      Historic Corning Mixed-Use Building

      Prime Corning location, versatile spaces, ADA compliant.
      618, Corning, CA 96021
      View Details
    • Contact for pricing
      314,503 SF

      Versatile Commercial Property in Corning, CA

      7.22-acre commercial property with retail and warehouse infrastructure.
      2120 Loleta Ave, Corning, CA 96021
      View Details
    • Contact for pricing
      40,440 SF

      Large Mixed-Use City Block

      Over 30,000 sq ft under roof available.
      1575 St, Corning, CA 96021
      View Details
    • Contact for pricing
      81,021.60 Acres

      Rancho Tehama Homesite Opportunity

      1.86-acre homesite in Rancho Tehama community.
      16305 Hillcrest Dr, Corning, CA 96021
      View Details
    • $30,000
      91,040.40 Acres

      Rancho Tehama Land Opportunity

      2.09-acre lot in Rancho Tehama Association, Corning, CA.
      16295 Hillcrest Dr, Corning, CA 96021
      View Details
    • Contact for pricing
      4.27 Acres

      Recovering Land in Rancho Tehama

      4+ acre vacant land in rural Rancho Tehama Reserve.
      15753 Pne Needle Ct, Corning, CA 96021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High Visibility Commercial Land Opportunity

      Commercial land with high visibility and freeway access in Corning, CA.
      Corning Rd, Corning, CA 96021
      View Details
    • Contact for pricing
      1,058 SF

      Retail Center on Historic Highway

      Retail spaces available in Corning, California, near Interstate 5.
      950 Hwy 99 W, Corning, CA 96021
      View Details
    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.
    2761 Hwy
    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
    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
    2761 Hwy, 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!