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

    Corona Ave Corning, CA

    View on Map
    • Industrial properties
    • 3.71 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for Corona Ave

    Lot size
    3.71 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 3.71-acre industrial property boasts a highly desirable location along the busy Interstate 5 corridor in Corning, California. Situated midway between Sacramento and Redding, this strategic location benefits from significant commuter traffic. The area's thriving economy is fueled by a Tesla Electric car charging station, numerous hotels, quick-service restaurants, and other businesses catering to commuters. The presence of a major truck stop hub and the popular Rolling Hills Casino further enhances the area's economic vitality. The casino's diverse events—including concerts, equestrian events, dog trials, golf tournaments, and hunting events—attract significant tourism and contribute to a robust local economy. Currently utilized as a productive olive orchard, the property is zoned Highway Commercial, falling within the Hwy 99-W Specific Plan and two overlay districts that actively promote freeway-oriented commercial activities and mixed-use developments. This presents a unique opportunity for developers and investors seeking a high-visibility location with strong growth potential. The property's size and zoning offer considerable flexibility for a wide range of commercial ventures, capitalizing on the high traffic volume and established commercial infrastructure of the I-5 corridor. This is a rare chance to acquire a significant parcel of land in a rapidly developing area. The existing olive orchard provides immediate income potential while allowing for future development plans.

    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
    -122.161
    Latitude
    39.9241

    Comparable in this City

    • Value Estimation by Request
      6,375.57 Acres

      Mineral King Tr Trl, CA

      LABOR CAMPS (INDUSTRIAL) • 6,375.57 Acres
      Mineral King Tr Trl, CA
      View Details
    • Value Estimation by Request
      19.42 Acres

      Packing House Cold S, CA

      HEAVY INDUSTRIAL • 19.42 Acres
      Packing House Cold S, CA
      View Details
    • Value Estimation by Request
      2,640 SF

      3250 Somis Rd

      INDUSTRIAL (GENERAL) • 2,640 SF
      3250 Somis Rd, Camarillo, CA
      View Details
    • Value Estimation by Request
      5,886 SF

      Dolores St

      Industrial properties • 5,886 SF
      Dolores St, Carmel, CA
      View Details
    • Value Estimation by Request

      1 Robertson St

      Industrial properties
      1 Robertson St, Ramona, CA
      View Details
    • Value Estimation by Request
      100,000 SF

      Harvest

      Industrial properties • 100,000 SF
      Harvest, Willows, CA
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,775.00 Acres

      Los Angeles Industrial Building Sale

      Mixed-use, 9,775 SF, great location
      2826 E. 1st Street, Los Angeles, CA
      View Details
    • $4,250,000
      13,365 SF

      First Class Industrial Facility

      First Class Industrial Facility
      1375 E Washington Blvd, Los Angeles, CA
      View Details
    • Contact for pricing
      4,750 SF

      Industrial Building Near 210 Freeway

      Industrial building with mezzanine and access to 210 Freeway.
      855 N Todd Ave, Azusa, CA
      View Details
    • Contact for pricing

      Vacant R&D/Office Building Opportunity

      Recently renovated R&D/office building in San Francisco's Mission District.
      San Francisco, CA
      View Details
    • $5,499,000
      910,661 SF

      Land for Development Opportunity

      20.86 acres ideal for retail, multi-family, office development.
      NE Of Apple Vly Rd And Town Ctr Dr, Apple Valley, CA
      View Details
    • $21,000,000
      18,513,000 SF

      Valley Center Land Parcel

      Large acreage suitable for residential or solar development.
      NW Of Cole Grade Rd And Miller Way, Valley Center, CA
      View Details

    Similar Nearby for Lease

    • $1.18 SF/Yr
      5,952 SF

      Gardena Warehouse with Secured Yard

      Warehouse with dock high loading and secured yard for lease.
      15100 S Broadway St, Gardena, CA
      View Details
    • $1.10 SF/Yr
      44,350 SF

      Gardena Industrial Space Available

      Industrial space in Gardena featuring dock and ground level doors.
      18037 S Broadway St, Gardena, CA
      View Details
    • $1.25 SF/Yr
      14,442 SF

      Vernon Warehouse with Office Space

      Industrial warehouse featuring office space and dock-high loading.
      6099-6131 Malburg Way, Vernon, CA
      View Details
    • $3 SF/Yr
      11,020 SF

      Woodland Hills Retail/Office Space

      Ground floor retail or office space with building signage available.
      21015 Oxnard St, Woodland Hills, CA
      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.
    Corona Ave
    Corning, CA
    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
    Corona Ave, Corning, CA
    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!