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    Property profile & analytics

    Athens Ave Redding, CA 96001

    • Neighborhood centers
    • 90,195 SF
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Athens Ave

    Year built
    1960
    Property size
    90,195 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Cypress Square Shopping Center, located at 143-169 Locust Avenue, Redding, CA 96002, offers exceptional retail opportunities. This 90,195 square foot strip center sits on a 9.719-acre lot and boasts 460 parking spaces, ensuring ample customer convenience. Built in 1960 and zoned GC-VR (General Commercial-Visitor Retail), the property offers spaces ranging from a minimum of 900 square feet to a maximum contiguous space of 4,187 square feet, with three spaces currently available. The center enjoys a prime location with easy access from throughout Redding and benefits from strong traffic flow. Current tenants include a diverse mix of businesses such as Orchard Nutrition Center, Rebel Fitness, Red Door Antiques, The Reading Basket, The Juice Lab, Los Cachorros Taqueria, and Fast Weenies Hot dogs, creating a vibrant and established retail environment. New ownership is committed to ongoing improvements, enhancing the center's appeal for both tenants and customers. The property's APN is 102-460-032, and its cross street is Cypress Avenue. This presents a unique chance to establish or expand your business within a thriving community retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.375
    Latitude
    40.5746

    Comparable in this City

    • Value Estimation by Request
      2,891 SF

      2367 Athens Ave

      Lifestyle centers • 2,891 SF
      2367 Athens Ave, Redding, CA 96001
      View Details
    • Value Estimation by Request
      10,415 SF

      2363 Athens Ave

      Neighborhood centers • 10,415 SF
      2363 Athens Ave, Redding, CA 96001
      View Details
    • Value Estimation by Request
      0.16 Acres

      1127 Parkview Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.16 Acres
      1127 Parkview Ave, Redding, CA 96001-3203
      View Details
    • Value Estimation by Request
      0.53 Acres

      6955 Danyeur Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.53 Acres
      6955 Danyeur Rd, Redding, CA 96001-5390
      View Details
    • Value Estimation by Request
      4,000 SF

      3330 Railroad Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,000 SF
      3330 Railroad Ave, Redding, CA 96001-3416
      View Details
    • Value Estimation by Request
      9,288 SF

      5756 Westside Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 9,288 SF
      5756 Westside Rd, Redding, CA 96001-4418
      View Details

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      Redding Retail Center For Sale

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      2445 Athens Ave, Redding, CA 96001
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    • $525,000
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      Redding Commercial Building For Sale

      Commercial building with open display area, offices, and parking.
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    Similar Nearby for Lease

    • $11 SF/Yr
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      Redding Retail Space: 10,415 SF

      Prime Redding retail space, 10,415 sq ft, high visibility.
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      3455 Placer St

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    • $9 SF/Yr
      90,195 SF

      Cypress Square Retail Center

      Redding, CA retail space available
      0 Athens Ave, Redding, CA 96001
      View Details
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      Downtown Redding Office/Retail Space

      Prime Redding location, renovated office/retail space.
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    Athens Ave
    Redding, CA 96001
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    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
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