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    Property Management Business with 123 Doors Title is generated by Realmo AI

    2136 Eureka Way, Redding, CA 96001

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    For Sale
    $239,000

    COMMERCIAL - Redding, CA

    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 2136 Eureka Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    We can help!

    Listing Contact
    Allyne Riley

    Listing agent Allyne Riley

    Listing office Real Estate Solutions 2136 Eureka Way, Redding, CA

    Listing date Jun 3, 2026

    MLS# 26-2652

    Copyright © 2026 Shasta Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Property management business operating for 30+ years in Shasta and Tehama County
    • Manages 123 doors total: 60 SFR, 59 multi‑family, and 4 commercial
    • Currently leased portfolio with 5 vacancies
    • Uses AppFolio software for rent collection and processing owner and vendor payments
    • 68 owners currently in the portfolio

    Overview

    This offering is an operating property management business with 30+ years of history in Shasta and Tehama County. The portfolio totals 123 doors, consisting of 60 SFR units, 59 multi-family units, and 4 commercial units. The business is currently leased/managed and reports 5 current vacancies, along with 68 owners. Operations are supported by AppFolio software used to receive rents and process vendor and owner payments.

    The business is presented for sale at 2136 Eureka Way in Redding, CA 96001. The materials provided describe an established regional operation serving owners across Shasta and Tehama Counties, with ongoing rental collection and payment processing through the AppFolio platform.

    For buyers looking to acquire a ready-to-run management operation, this platform includes an existing owner base, a defined mix of residential and commercial door count, and documented use of AppFolio for core rent and payment workflows. The current vacancy count is provided as part of the existing portfolio status, supporting practical planning for a transition of management responsibilities. The seller also indicates readiness to retire.
    Property Profile Location Intelligence

    Current Use by Public Records

    Real Estate Solutions Property Management Company Tim Riley & Associates Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.403001
    Latitude
    40.58693

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    FAQs

    What type of property is this?
    Specialty property - Long-running property management business managing a 123-door portfolio with AppFolio systems and a small current vacancy count.
    Where is this specialty property located?
    The property is located at 2136 Eureka Way Redding, CA.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: Property management business operating for 30+ years in Shasta and Tehama County; Manages 123 doors total: 60 SFR, 59 multi‑family, and 4 commercial; Currently leased portfolio with 5 vacancies
    (530) 917-5633
    We can help!
    Listing Contact
    Allyne Riley
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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