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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Grocery and convenience stores
600 Edith Ave Corning, CA 96021-2349
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3123721
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Construction
WOOD
Total area
23,700 SF
Lot
2.89 ac (125,888 SF)
Zoning code
C-3-CBDZ
APN
069-260-059-000
UPID
US09-3123721
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
-
Phantom Fireworks Stand Discount Store Party Supply Store
-
Coinstar Kiosk | Bitcoin ATM Currency Exchange Service Kiosk
-
Safeway Bakery Bakery Specialty Food Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.81M
Blend (final)
Blend
$3.05M
Owner & transaction history
Olive Tree Corning Plaza LLC · 13 yrs held
Olive Tree Corning Plaza LLC
since 2012
7 recorded transactions
Zoning & alternative use
C-3-CBDZ · Corning, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+39.4%
Commercial (general)
$2.0M
+8.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,840,000
Current use
OFFICE BUILDING
$2,565,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,990,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
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
$27,350
Tax year 2023
Assessed value
$2,602,275
Assessed 2023
Previous assessed
$2,602,275
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$894,211
Assessed improvement
$1,708,064
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Total area
23,700 SF
Lot
2.89 ac (125,888 SF)
Zoning code
C-3-CBDZ
APN
069-260-059-000
UPID
US09-3123721
Jurisdiction
TEHAMA
Zoning & alternative use
C-3-CBDZ · Corning, CA
Zoning C-3-CBDZ · permitted uses
C-3-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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
WOOD
Heating
NONE
Lot
2.89 ac
Current owner
From public records · entity-resolved
Olive Tree Corning Plaza LLC
Entity
Mailing address
11301 W OLYMPIC BLVD #840, LOS ANGELES, CA 90064-1653
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2016
—
Olive Tree Corning Plaza LLC
—
Deed
related
$3,000,000 · Miscellaneous Ins Co
Dec 31, 2012
—
Olive Tree Corning Plaza LLC
Olive Tree Realty LLC
Quit Claim Deed
—
Sep 1, 2011
—
Olive Tree Realty LLC
—
Deed Of Trust
related
$1,600,000 · Norton S Karno
Dec 26, 2008
—
Olive Tree Realty LLC
—
Deed Of Trust
related
$1,400,000 · Norton S Karno
Oct 24, 2006
$1,734,000
Olive Tree Realty LLC
Corning Olive Tree Marketplace
Grant Deed
—
May 17, 2006
$900,000
Corning Olive Tree Marketplace
Poco Realty Dev Corp
Grant Deed
—
May 17, 2006
—
Corning Olive Tree Marketplace
Poco Realty Dev Corp
Grant Deed
related
—
—
—
Olive Tree Corning Plaza LLC
—
Deed Of Trust
related
$3,000,000 · Miscellaneous Ins Co
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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