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    1452 Oregon St Redding, CA 96001

    Sponsored
    For Sale
    $695,000

    $695,000 - 4,626 SF Creative Office

    Property size:
    4,626 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A, 4,626 square foot creative office building in Redding, CA, is offered at $695,000. Located at 1452 Oregon St, this multi-tenant property boasts 100% occupancy and a strong pro-forma NOI of $45,126.68, representing a 6.50% cap rate. The building sits on an 11,326 square foot lot and features a gross lease structure. The price per square foot is $150.24. This well-maintained property enjoys a prime location immediately adjacent to the new County Courthouse. Historically significant, this building, potentially the third oldest in Redding, dates back to 1879 and was once home to James McCormick, co-owner of the city's largest mercantile store. A virtual tour is available online. This is a rare opportunity to acquire a piece of Redding's history with excellent current income and future potential. The property is zoned for office use. All information is deemed reliable but not guaranteed.

    Property Features for 1452 Oregon St

    General Information

    Property type
    Office space
    Square Feet
    4,626 SF
    Class
    A

    HighLights

    • $695,000 asking price for this Class A creative office building.
    • 4,626 square feet on an 11,326 square foot lot, located at 1452 Oregon St, Redding, CA 96001.
    • 100% occupied, multi‑tenant building with a Gross Lease structure.
    • $150.24 price per square foot and a 6.50% cap rate.
    • Pro‑forma NOI of $45,126.68.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bethany Ault, M.A., ... Psychotherapist Shauna Havlina, MFT Counselor Nann Zinn Counselor Bethany Ault Marriage Or Relationship Counselor Heather Jordan Marriage Or Relationship Counselor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -122.3948272
    Latitude
    40.5835924

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    FAQs

    What type of property is this?
    Office space - $695,000 - 4,626 SF Creative Office
    Where is this office space located?
    The property is located at 1452 Oregon St Redding, CA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price for this Class A creative office building.; 4,626 square feet on an 11,326 square foot lot, located at 1452 Oregon St, Redding, CA 96001.; 100% occupied, multi-tenant building with a Gross Lease structure.
    Request Owner's contact information
    1452 Oregon St Redding, CA 96001
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    Redding, CA 96001
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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
    1452 Oregon St Redding, CA 96001
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