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Property profile & analytics
OFF-MARKET
Office buildings
1416 Solano St Corning, CA 96021-3055
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2135004
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
825 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C-2
APN
071-125-023-000
UPID
US09-2135004
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joseph Neles · 2 yrs held
Joseph Neles
since 2024
Last sale
$65,000
4 recorded transactions
Zoning & alternative use
C-2 · Corning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote a broad range of commercial, retail, and service uses that serve both local and regional needs
Zone name
Commercial
General category
COMMERCIAL
Zone area
11.52 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corning submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$818
Tax year 2023
Assessed value
$76,924
Assessed 2023
Previous assessed
$76,924
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$18,341
Assessed improvement
$58,583
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Total area
825 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C-2
APN
071-125-023-000
UPID
US09-2135004
Jurisdiction
TEHAMA
Zoning & alternative use
C-2 · Corning, CAZoning C-2 · permitted uses
C-2 · Corning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote a broad range of commercial, retail, and service uses that serve both local and regional needs
Zone name
Commercial
General category
COMMERCIAL
Zone area
11.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Joseph Neles
Individual
Free & Clear · 2 yrs held
Mailing address
23296 GYLE RD, GERBER, CA 96035-9635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
—
Joseph Neles
Joseph Neles
Intrafamily Transfer
related
—
Oct 9, 2012
$65,000
Neles,joseph & Jeanne
Thayer,robert E II
Grant Deed
—
Oct 11, 2011
—
Davis,scott L & Linda
Thayer,robert E II
Grant Deed
—
Feb 1, 2010
$69,500
Thayer,robert E II
Lane,lesa M
Grant Deed
$60,000 · Jones Robert & Ruth Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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