Property profile

2915 S 99W Corning, CA 96021

OFF-MARKET
Industrial land
Property ID
US09-Q023937
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Property summary

AI-generated overview

5.38 acres in an incredible location on the Liberal Ave. Interchange with high traffic count sandwiched between Interstate 5 Freeway and State Highway 99W. Only .8 miles to the Rolling Hills Casino and only .3 miles from the South Ave. business hub where the Truck Stops are located. There was an old residence on the property that has been completely removed including the foundation many years ago. There is no record of permits for the existing well and septic system on the property. The exact location of the existing well and septic system are unknown to the owner. Part of the property has an old olive grove. There is a seasonal drainage way through the South side of the property. The property is not perfectly level but mostly flat. The property is fenced on the East, South and West sides and the fence needs repair on the East side along the State HWY 99W. The neighbor to the North has started to construct a metal fence that is unfinished and laying on the ground. The property is in the Corning Irrigation District. The zoning is M-1-S-P, which is light industrial. Details on the zoning can be found on the Tehama County Zoning website.

Property profile

Verified
Property type Industrial land
UPID US09-Q023937

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2915 S 99W Corning, CA 96021
Corning metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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