Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Milky Way Redding, CA 96002

    View on Map
    Claim this Listing
    For Sale
    $209,000

    LAND - Redding, CA

    Lot size:
    4.86 Acres
    Added:
    Mar 3, 2025
    Days on Market:
    430
    Last Refresh:
    May 7 at 5:06 pm

    Property Features for Milky Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    055-300-067-000
    Lot size
    4.86 Acres

    We can help!

    Listing Contact
    Karli Janc
    Karli Janc

    Listing agent Karli Janc License #01981459

    Listing office Relevant Real Estate 2789 Bechelli Ln, Redding, CA

    Listing date Mar 3, 2025

    MLS# 25-805 Listing URL

    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.

    HighLights

    • Outstanding location surrounded by exquisite custom homes.
    • ACID irrigation available, ideal for animals and gardening.
    • Prime position near I‑5 for convenient access.
    • Remarkable custom‑built homes in the neighborhood.
    • Exceptional opportunity.
    • Coordinates: [-122.32629,40.493057]

    Overview

    Redding Land Near I-5

    This 4.86-acre property is located in Redding, CA, and is surrounded by custom homes. It is suited for raising animals and cultivating a garden. ACID irrigation is available. The property's location near I-5 ensures convenient access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.326287
    Latitude
    40.493056

    Nearby Similar for Sale

    • $549,900
      3,200 SF

      Redding Commercial Opportunity For Sale

      Two-building commercial property with multiple use potential in Redding, CA.
      2418 Victor Avenue, Redding, CA 96002
      View Details
    • $330,000
      4,465 SF

      Redding Retail Building For Sale

      Retail building with high visibility and traffic count in Redding.
      6271 Eastside Road, Redding, CA 96001
      View Details
    • $1,398,000
      8,000 SF

      Redding Executive Office Building

      Executive office building in prime Hilltop location, Redding, CA.
      999 Mission De Oro Drive, Redding, CA 96003
      View Details
    • $699,900
      2,116 SF

      Mixed-Use Property in Redding, CA

      Mixed-use property with office space and separate residential home.
      2081 Victor Avenue, Redding, CA 96002
      View Details
    • $700,000
      6,000 SF

      Redding Commercial Building with Fenced Yard

      6000 sqft commercial building with large fenced yard.
      2183-2185 Kenyon Drive, Redding, CA 96001
      View Details
    • $1,100,000
      8,500 SF

      Redding Commercial Building For Sale

      Centrally located building with high traffic and large parking lot.
      401 E Cypress Avenue, Redding, CA 96002
      View Details
    • $168,000
      1,000 SF

      Renovated Zen-Inspired Office/Salon Space

      Turnkey 1,000 sq ft office/salon space in Redding, CA.
      2785 Bechelli Lane, Redding, CA 96002
      View Details
    • $699,000
      2,000 SF

      Redding Industrial Land Opportunity

      5.2 acre industrial-zoned property with development potential.
      8743 Airport Road, Redding, CA 96002
      View Details
    • $500,000
      10,000 SF

      Versatile Warehouses on Fenced Lot

      Two warehouses on a single, fully fenced lot in Redding.
      7056 Danyeur Road, Redding, CA 96001
      View Details
    • $3,400,000
      29,000 SF

      Redding Commercial Property with Warehouses

      Two warehouse buildings on 2 acres near I-5.
      4311 Caterpillar Road, Redding, CA 96003
      View Details
    • $39,000

      Corner Lot with Utilities

      Redding corner lot with utilities and versatile structure.
      15194 Wonderland Boulevard, Redding, CA 96003
      View Details
    • $149,900
      1,700 SF

      Downtown Redding Commercial Land Opportunity

      Commercial land in downtown Redding with historical significance.
      1868 Gold Street, Redding, CA 96001
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land with irrigation near I-5, suitable for animals/garden.
    Where is this agricultural land / farmland located?
    The property is located at Milky Way Redding, CA.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: Outstanding location surrounded by exquisite custom homes.; ACID irrigation available, ideal for animals and gardening.; Prime position near I‑5 for convenient access.
    (530) 949-4079
    We can help!
    Listing Contact
    Karli Janc
    Karli Janc
    Real Estate License ID: 01981459
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Milky Way, Redding, CA 96002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!