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

    2681 Hartnell Ave Redding, CA 96002

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime multi-family development site. 2.2 acres, RM-12 zoning.

    Property Features for 2681 Hartnell Ave

    General Information

    Property type
    Land
    Lot Size
    95,832 SF

    We can help!

    Listing Contact
    Chris Haedrich
    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 2.2-acre commercial land parcel presents a remarkable opportunity for multi-family development in East Redding, CA. Located at 2681 Hartnell Avenue, this property boasts a desirable RM-12 zoning designation, allowing for the construction of up to 26 units, subject to necessary entitlements and potential density bonuses. The site comprises two mostly level parcels, simplifying development. Conveniently situated near schools and grocery stores, this location offers excellent accessibility and appeal to potential residents. City water, sewer, and electrical services are readily available at the street, streamlining infrastructure connections. Preliminary reviews suggest the land is not located within any floodplains, floodways, or waterways. The APN is 110-020-009, 008. This straightforward raw land is ready for immediate development, making it an ideal investment for experienced developers seeking a prime location in a thriving community. The asking price is $450,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.32122
    Latitude
    40.562955

    Nearby Similar for Sale

    • $749,900
      2,116 SF

      Mixed-Use Property in Redding, CA

      Mixed-use property with office and residential spaces in Redding.
      2081 Victor Ave, Redding, CA 96002
      View Details
    • $450,000
      2,600 SF

      Income-Producing Commercial Property Near Airport

      Commercial property with four buildings near the airport and I-5.
      6854 Airport Rd, Redding, CA 96002
      View Details
    • $525,000
      Pending

      Redding Commercial Building For Sale

      Commercial building with open display area, offices, and parking.
      2420 Athens Ave, Redding, CA 96001
      View Details
    • $839,000

      Redding Dual-Income Property with Airbnb

      Updated property with Airbnb permit, offering income and lifestyle.
      15745 Montgomery Ranch Rd, Redding, CA 96001
      View Details
    • $125,000

      Orangetheory Fitness Franchise Opportunity

      Established fitness franchise with loyal membership base in Redding, CA.
      Hilltop Dr, Redding, CA 96002
      View Details
    • $1,200,000
      22.89 Acres

      Iconic Land on Interstate 5

      22+ acres with agricultural and residential potential in Redding.
      7100 Milky Way, Redding, CA 96002
      View Details
    • $785,000
      3,168 SF

      Redding Medical Office Building

      Multi-use medical building near Mercy Medical Center in Redding.
      2449 Court St, Redding, CA 96001
      View Details
    • New
      $399,900
      Pending

      Redding Triplex with Rental Income

      Triplex in Redding with strong rental potential and desirable location.
      410 Buckeye Ter, Redding, CA 96003
      View Details
    • $895,000

      Redding Multifamily Townhome Opportunity

      Fully rented four-unit townhome property in northeast Redding.
      1088 Burton Dr, Redding, CA 96003
      View Details
    • New
      $1,398,000
      8,000 SF

      Redding Executive Office Building

      Executive office building in prime Hilltop location, Redding, CA.
      999 Mission De Oro Dr, Redding, CA 96003
      View Details
    • $700,000
      6,000 SF

      Redding Commercial Building with Fenced Yard

      6000 sqft commercial building with large fenced yard.
      2183-2185 Kenyon Dr, Redding, CA 96001
      View Details
    • New
      $3,400,000
      29,000 SF

      Redding Commercial Property with Warehouses

      Two warehouse buildings on 2 acres near I-5.
      4311 Caterpillar Rd, Redding, CA 96003
      View Details

    FAQs

    What type of property is this?
    Land - Prime multi-family development site. 2.2 acres, RM-12 zoning.
    Where is this land located?
    The property is located at 2681 Hartnell Ave Redding, CA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 2.2 acres of mostly level land in East Redding, CA.; RM-12 zoning allows for up to 26 multi-family units, subject to entitlements.; City water, sewer, and electricity readily available.
    (530) 226-1160 Call to check price and availability
    Request Owner's contact information
    2681 Hartnell Ave Redding, CA 96002
    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.
    2681 Hartnell Ave
    Redding, CA 96002
    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
    2681 Hartnell Ave Redding, CA 96002
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Haedrich
    Chris Haedrich
    Real Estate License ID: 01484672
    (530) 226-1160 (530) 351-1160 (916) 514-5225
    Learn more
    Google sign-in failed. Please try again or use another login method.