Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2992 East St Anderson, CA 96007

    Sponsored
    For Sale
    $379,000

    COMMERCIAL - Anderson, CA

    Property size:
    3,440 SF
    Days on Market:
    82
    Last Refresh:
    Feb 20 at 11:06 pm

    Property Features for 2992 East St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    201-010-017-000
    Size
    3,440 SF

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    William Susanto
    William Susanto

    eXp Realty of California, Inc. (888) 584-9427 x119

    Listing agent William Susanto (530) 238-5689

    Listing date Dec 1, 2025

    MLS# 25-5206

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Anderson Commercial Opportunity

    This commercial property is located in the Anderson Downtown Redevelopment Corridor. It features two adjoining storefronts that can be combined into one large commercial space or operated as two separate units. The property is situated on East Street, which offers high visibility and easy access to I-5. It benefits from prominent signage exposure, consistent vehicle and pedestrian traffic, and convenient walk-up access. Zoned General Commercial (GC), the property is suitable for various uses, including restaurant/food service, office space, boutique grocery, bakery, salon/barber shop, medical or therapeutic services, or other retail and service-based operations. The property is located in the heart of downtown improvements and beautification efforts, surrounded by active business growth and city investment. Additional features include a private rear parking area for approximately six vehicles, front street parking, individual entrances, and flexible interior space. The property offers 3440 square feet of space and is suitable for owner-use, investment, or adaptive commercial use in an evolving market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Shasta
    State
    California
    Longitude
    -122.299173
    Latitude
    40.451473

    Nearby Similar for Sale

    • $299,000

      Hwy 273 Frontage Property

      Mixed-use property with shop, residential units, and highway frontage.
      6094/6098 Ca-273, Anderson, CA 96007
      View Details
    • New
      $375,000
      2.77 Acres

      Multi-Unit Property on Acreage

      Two homes on 2.77 acres near shopping and dining.
      2391 Shady Ln, Anderson, CA 96007
      View Details
    • $560,000

      Well-Maintained Anderson Fourplex For Sale

      Four-unit residential income property with detached garages and private outdoor spaces.
      2904 Silver St, Anderson, CA 96007
      View Details
    • $999,000
      2,200 SF

      Highway Frontage Mixed-Use Property

      4-acre commercial property with office, shop, and residential income.
      6738 State Highway 273, Anderson, CA 96007
      View Details
    • $299,900
      1 SF

      Versatile Commercial Property Near Redding

      Commercial property in Anderson with storage units and contractor's yard.
      18795 Jessie Rd, Anderson, CA 96007
      View Details
    • $269,900
      1 SF

      Versatile Commercial Property in Anderson

      Commercial property with storage units, shop, and ample parking.
      18795 Jessie Rd, Anderson, CA 96007
      View Details
    • $589,000

      Turnkey Fourplex in Anderson, CA

      Four-unit property with strong occupancy and income potential.
      2616 W Hillside Dr, Anderson, CA 96007
      View Details
    • $329,000
      2,590 SF

      Mixed-Use Property with Income Potential

      Commercial office with residential unit, ideal for investment or owner-occupancy.
      2976 W Center St, Anderson, CA 96007
      View Details
    • $210,000
      1,728 SF

      Anderson Office Building with Expansion

      Office building with expansion potential in prime Anderson location.
      2161 Ferry St, Anderson, CA 96007
      View Details
    • $945,000
      11,132 SF

      Corner Location Retail/Warehouse Opportunity

      11,132 SF building suitable for retail, warehouse, and more.
      2500 Balls Ferry Rd, Anderson, CA 96007
      View Details
    • Contact for pricing
      10.60 Acres

      Riverside Ave Commercial Land Opportunity

      10.6 Acres, Riverfront, I-5 Access
      19886 Riverside Ave, Anderson, CA 96007
      View Details
    • Contact for pricing

      Anderson Commercial Land Investment

      Three prime commercial lots, 21+ acres
      Gateway Dr, Anderson, CA 96007
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two adjoining storefronts in Anderson's Downtown Redevelopment Corridor.
    Where is this storefront property located?
    The property is located at 2992 East St Anderson, CA.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: - High-visibility location on East Street in the Anderson Downtown Redevelopment Corridor with easy I-5 access.; - Zoned General Commercial (GC) allowing for a variety of uses.; - Two adjoining storefronts offering flexibility to combine or operate separately.
    (530) 238-5689
    Request Owner's contact information
    2992 East St Anderson, CA 96007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2992 East St
    Anderson, CA 96007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2992 East St Anderson, CA 96007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    William Susanto
    William Susanto
    Real Estate License ID: 02155508
    (530) 238-5689 (888) 584-9427
    Learn more
    Google sign-in failed. Please try again or use another login method.