Add Listing
    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

    2245 North St Anderson, CA 96007

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $695,000

    High-Cap Rate, Bank Building, Drive-Thru

    Property size:
    11,188 SF

    Property Features for 2245 North St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,188 SF

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Chris Haedrich

    Listing Agency: Capital Rivers Commercial Listing Agent: Chris Haedrich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 11,188 square foot commercial building, formerly a Bank of America branch, presents a unique investment opportunity in Anderson, CA. Located on busy North Street, this standalone structure boasts a substantial 9,000 square foot ground floor and an additional 2,188 square feet on the second floor, offering versatile space for a variety of businesses. The property includes a large parking lot and a pre-existing multi-lane drive-thru, a highly desirable feature for many commercial enterprises. Currently priced at $695,000 ($62 per square foot), this represents a compelling value proposition, especially considering the below-market rental rates. A lease is also available at a modified gross rate of just $0.65 per square foot, significantly less than comparable industrial space. The asking rent, coupled with the list price, projects an attractive cap rate of nearly 8.3%. This property is ideal for owner-occupiers or investors seeking a strong return on investment in a prime Anderson location. Detailed information and brochures are available upon request. Don't miss this chance to acquire a well-situated, high-potential commercial property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -122.2977
    Latitude
    40.45319

    Nearby Similar for Sale

    • $379,000
      3,440 SF

      Downtown Anderson Commercial Opportunity

      Two adjoining storefronts in Anderson's Downtown Redevelopment Corridor.
      2992 East 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
    • New
      $570,000

      Turnkey Fourplex in Anderson, CA

      Four-unit property with fenced yards, covered parking, and in-unit laundry.
      2616 W Hillside Dr, Anderson, CA 96007
      View Details
    • $269,900
      Pending

      Versatile Commercial Property in Anderson

      Commercial property with storage units, shop, and ample parking.
      18795 Jessie Rd, Anderson, CA 96007
      View Details
    • $968,000
      11,710 SF

      Remodeled Commercial Building in Anderson

      Remodeled 11,710 SF commercial building suitable for various businesses.
      1701 Bruce Dr, 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
    • $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
    • $243,000
      1,728 SF

      Anderson Office Building: Value-Add Opportunity

      1,728 SF Office, Vacant, Mixed-Use
      2161 Ferry St, Anderson, CA 96007
      View Details
    • $359,900
      1 SF

      Anderson Commercial Property - Huge Potential

      Versatile 2-acre commercial lot with multiple buildings.
      18795 Jessie Rd, Anderson, CA 96007
      View Details
    • $259,000
      2,100 SF

      Anderson Commercial Building Opportunity

      Prime Anderson location, established tenants.
      1900 South St, Anderson, CA 96007
      View Details
    • Contact for pricing
      2.20 Acres

      Anderson Industrial Lot - 2.2 Acres

      Prime Industrial Land in Paul Bunyan Park
      Paul Bunyan Ct, Anderson, CA 96007
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-Cap Rate, Bank Building, Drive-Thru
    Where is this commercial real estate located?
    The property is located at 2245 North St Anderson, CA.
    What is the asking price?
    The asking price for this property is $695,000.
    (530) 221-1127
    Request Owner's contact information
    2245 North 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.
    2245 North 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
    2245 North 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
    Chris Haedrich
    (530) 221-1127
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!