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Property profile & analytics
OFF-MARKET
Retail space
2791 99w Corning, CA 96021-2750
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1227925
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1944
Construction
WOOD
Total area
1,054 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M-1-CBDZ
APN
087-050-005-000
UPID
US09-1227925
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
Zackary R Thornton · 4 yrs held
Zackary R Thornton
since 2022
Last sale
$275,000
7 recorded transactions
Zoning & alternative use
M-1-CBDZ · Corning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,962
Tax year 2023
Assessed value
$280,500
Assessed 2023
Previous assessed
$280,500
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$153,000
Assessed improvement
$127,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1944
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Rooms
2
Bathrooms
1
Total area
1,054 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M-1-CBDZ
APN
087-050-005-000
UPID
US09-1227925
Jurisdiction
TEHAMA
Zoning & alternative use
M-1-CBDZ · Corning, CA
Zoning M-1-CBDZ · permitted uses
M-1-CBDZ · Corning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corning. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1944
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Rooms
2
Bathrooms
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Zackary R Thornton
Individual
Mailing address
459 N COLUSA ST, WILLOWS, CA 95988-2205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
$275,000
Zackary R Thornton
Walberg Properttes LLC
Grant Deed
—
Jul 8, 2019
—
Walberg Properties LLC
—
Deed
related
$170,000 · Golden Valley Bank
Apr 11, 2008
—
Walberg Properties LLC
Walberg INC
Quit Claim Deed
—
Jan 25, 2008
$62,000
Santana,adrian M
Self-help Home Improvement
Grant Deed
$163,625 · Housing & Cmnty Dev Dept
Jan 23, 2008
$300,000
Walberg INC
Marlene Joann Landingham
Grant Deed
$225,000 · Premierwest Bank
Jan 28, 1997
—
Landingham Trust
Landingham,marlene J
Quit Claim Deed
related
—
—
—
Landingham Trust
—
Deed Of Trust
related
$30,549 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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