Property profile

4928 Marguerite Ave Corning, CA 96021

OFF-MARKET
Warehouses
Property ID
US09-5023169
1,240 SF 5.03 ac lot Built 1998
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Electrical Service General Contractor

Location

4928 Marguerite Ave Corning, CA 96021-2258
Corning metro Census 1000 RED BLUFF, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2021
Price N/A
2018
Price N/A
2013
Price N/A
2013
Price N/A
2012
Price N/A
2008
$89,369

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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