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

    00 Corning Rd Corning, CA 96021

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 00 Corning Rd

    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 120-acre parcel of agricultural land presents a unique investment opportunity in the desirable Corning, California area. Located at 00 Corning Rd, Tehama County, CA 96021, this property offers significant potential for various agricultural uses. The land is conveniently situated with GPS coordinates 39.962365, -122.1781546, providing easy access and visibility. Currently zoned for agricultural purposes, this expansive tract boasts a flat terrain ideal for cultivation. The asking price is $120,000, representing a compelling value for its size and location within Tehama County. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations, water rights, and potential agricultural applications. This property is being offered as-is, where-is, and presents a blank canvas for the discerning investor seeking a foothold in California's fertile agricultural landscape. The absence of existing structures allows for complete customization and development to suit the buyer's specific needs and vision. This is a rare opportunity to acquire a substantial landholding in a thriving agricultural region. Serious inquiries only.

    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
    -122.178
    Latitude
    39.9624

    Comparable in this City

    • Value Estimation by Request
      140.07 Acres

      Vine Rd

      Farms • 140.07 Acres
      0 Vine Rd, Corning, CA 96021
      View Details
    • Value Estimation by Request
      16.66 Acres

      19745 Timbercove Dr

      Farms • 16.66 Acres
      19745 Timbercove Dr, Corning, CA 96021
      View Details
    • Value Estimation by Request

      Corning Rd

      Farms
      0 Corning Rd, Corning, CA 96021
      View Details
    • Value Estimation by Request

      19525 Gutenhot Rd

      Farms
      19525 Gutenhot Rd, Corning, CA 96021
      View Details
    • Value Estimation by Request
      1,592 SF

      19525 Rd

      Agricultural properties • 1,592 SF
      19525 Rd, 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

    Similar Nearby for Sale

    • Contact for pricing
      1.02 Acres

      Acreage in Olive City

      1.02 acre parcel in Corning, California, ideal for homesteading.
      17315 Rancho Tehama Rd, Corning, CA 96021
      View Details
    • Contact for pricing
      1.56 Acres

      Rancho Tehama Reserve Vacant Land

      Sloping 1.56-acre lot in Rancho Tehama Reserve community.
      15942 S Mendocino Dr, 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.
    00 Corning Rd
    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
    00 Corning 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!