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    2245 North St Anderson, CA 96007

    For Sale
    $695,000

    High-Cap Rate, Bank Building, Drive-Thru

    Property size:
    11,188 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    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 Features for 2245 North St

    General Information

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

    Building Details

    Year Built
    1977
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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

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    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
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    2245 North St Anderson, CA 96007
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    Anderson, CA 96007
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    Realmo Value Estimation

    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.

    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.

    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
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