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Property profile & analytics
FOR SALE
Manufacturing properties
2120 Loleta Ave Corning, CA 96021
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-4414677
For Sale
1 / 71
Contact for pricing
2120 Loleta Ave, Corning, CA 96021
View Listing →
Property summary
AI-generated overview
a private gated entry
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
2.22 ac (96,703 SF)
Zoning code
SPMU-CBDZ
APN
071-300-026-000
UPID
US09-4414677
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
Current use
Occupant on record · Public records
-
Lucero Olive Oil Food Processing Plant
-
American Olive Farmer, Home of Lucero Olive Oil Food Processing Plant
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
Crane Mills INC · 17 yrs held
Crane Mills INC
since 2009
7 recorded transactions
Zoning & alternative use
SPMU-CBDZ · Corning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote coordinated mixed-use development consistent with adopted specific plans
Zone name
Mixed Use
General category
MIXED_USE
Zone area
51.95 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,332
Tax year 2024
Assessed value
$886,768
Assessed 2024
Previous assessed
$869,890
+1.9% YoY
Effective rate
1.05%
On assessed value
Assessed land
$123,768
Assessed improvement
$763,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Heating
NONE
Lot
2.22 ac (96,703 SF)
Zoning code
SPMU-CBDZ
APN
071-300-026-000
UPID
US09-4414677
Jurisdiction
TEHAMA
Zoning & alternative use
SPMU-CBDZ · Corning, CAZoning SPMU-CBDZ · permitted uses
SPMU-CBDZ · 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 coordinated mixed-use development consistent with adopted specific plans
Zone name
Mixed Use
General category
MIXED_USE
Zone area
51.95 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
2.22 ac
Current owner
From public records · entity-resolved
Crane Mills INC
Entity
Mailing address
PO BOX 318, CORNING, CA 96021-0318
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2009
$550,000
Crane Mills INC
Tehama Equities LLC
Grant Deed
—
Jan 16, 2004
—
Gold State Machinery INC
Rad Fab INC
Grant Deed
related
—
Jan 16, 2004
$385,500
Tehama Equities LLC
Gold State Machinery INC
Grant Deed
related
$400,000 · Trans Pacific National Bank
Jan 14, 2004
—
Gold State Machinery INC
Dobbins,tr
Grant Deed
related
—
Jan 28, 2003
—
Dobbins,tr
—
Trustees Deed
related
$404,000 · Tehama Bank
May 3, 2001
—
Dobbins Trust
Dobbins,richard B & Lily O
Quit Claim Deed
related
—
Jul 26, 2000
$7,500
Richard B Dobbins
Dobbins,james W & Sharon E
Grant Deed
related
—
—
—
Dobbins Trust
—
Deed Of Trust
related
$100,000 · Tri-county Economic Dev Corp
—
—
Richard B Dobbins
—
Deed Of Trust
related
$150,000 · Mid Valley Bank
—
—
Tehama Equities LLC
—
Deed Of Trust
related
$385,000 · Rengo R C & J R Family 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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