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Property profile & analytics
OFF-MARKET
Office buildings
519 Solano St, Corning, CA 96021-3455
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US10-3266967
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
WOOD
Total area
1,523 SF
Lot
0.26 ac (11,407 SF)
Zoning code
C-1
APN
073-081-013-000
UPID
US10-3266967
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
-
Polished Nail Salon
-
Rick Nye Insurance Agency Insurance Agency
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
Rick E Nye · 18 yrs held
Rick E Nye
since 2008
7 recorded transactions
Zoning & alternative use
C-1 · 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
$1,568
Tax year 2023
Assessed value
$147,411
Assessed 2023
Previous assessed
$147,411
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$47,821
Assessed improvement
$99,590
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Rooms
3
Bathrooms
2
Total area
1,523 SF
Lot
0.26 ac (11,407 SF)
Zoning code
C-1
APN
073-081-013-000
UPID
US10-3266967
Jurisdiction
TEHAMA
Zoning & alternative use
C-1 · Corning, CA
Zoning C-1 · permitted uses
C-1 · 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
1963
Construction
WOOD
Heating
NONE
Rooms
3
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Rick E Nye
Individual
Mailing address
519 SOLANO ST, CORNING, CA 96021-3455
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
May 16, 2008
—
Rick E Nye
Rick E Nye
Intrafamily Transfer
related
$95,000 · Us Bank NA
Jul 18, 2003
$105,000
Rick E Nye
Hill,christopher L & Becky
Grant Deed
$99,750 · Johnson Trust
Jan 22, 2002
$68,000
Christopher L Hill
Bank One NA Trustee
Grant Deed
$61,200 · Johnson Trust
Apr 15, 1998
$92,000
Ronilo A Aranton
Norwest Bank Minnesota
Grant Deed
$73,600 · Wmc Mortgage Corp
Oct 1, 1997
$57,490
Norwest Bank Minnesota
Simpkins,leonor B
Trustees Deed
related
—
Aug 3, 1993
—
Leonor B Simpkins
Amboy,valentin D
Grant Deed
related
—
—
—
Leonor B Simpkins
—
Deed Of Trust
related
$88,800 · Fiamerica
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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