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    OFF-MARKET
    Warehouses

    4928 Marguerite Ave, Corning, CA 96021-2258

    1,240 SF 5.03 ac lot Built 1998
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US09-5023169
    Property summary
    AI-generated overview

    This expansive commercial warehouse, located at 4928 Marguerite Avenue in Corning, CA, presents a significant investment opportunity. Boasting approximately 81,000 square feet of space on a 5.03-acre lot, this property is exceptionally well-suited for a variety of businesses. The warehouse features a 2-hour firewall centrally dividing the space. The front section measures 200x205 feet, while the rear section is 200x200 feet, both offering impressive 25-30 foot ceilings. Two covered canopies, sized 50x70 and 50x90 feet respectively, are situated on the north side, each equipped with almond or walnut loading pits. Internal improvements include two offices with mini-split HVAC systems, two bathrooms, and a food-grade curb along the interior perimeter to protect walls from pallet damage. The property benefits from a robust electrical system, including 200 amp single-phase service with 220-volt and 120-volt outlets strategically placed. Two separate electric meters are installed for efficient energy management. Access is facilitated by four 14x14 roll-up doors and six man doors. The 6-inch concrete slab floors are painted with numbered stacking lanes, and all concrete seams are sealed for durability. The metal roof boasts a 5 lbs load rating and 10 wmp ceiling insulation. Security is enhanced by a 40-foot automatic entry gate with code access and perimeter metal fencing. The asking price is $6,480,000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1998
    Construction WOOD
    Total area 1,240 SF
    Lot 5.03 ac (219,106 SF)
    APN 075-080-033-000
    UPID US09-5023169
    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
    • Patterson Electric Inc. Electrical Service General Contractor
    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
    Dpn Farms LLC · 4 yrs held
    Dpn Farms LLC
    since 2021
    7 recorded transactions
    2021
    2021
    2018
    2013
    2013
    2012
    2008
    $89,369
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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