Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2367 Athens Ave Redding, CA 96001

    • Specialty properties
    • 2,891 SF
    • 5.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2367 Athens Ave

    Lot size
    5.33 lot acres
    Property size
    2,891 SF
    Property type
    Specialty properties
    Property subtype
    Lifestyle centers

    Description

    This exceptional 2,891-square-foot retail space, located at 2367 Athens Avenue in Redding, California, presents a unique opportunity for a variety of businesses. Situated on a generous 5.33-acre lot, this Class B shopping center offers ample space and visibility. The property is zoned GC-VR General Commercial - Visitor Retail, allowing for diverse commercial uses. Currently entirely vacant, the entire 2,891 square feet is available for lease. The building features exceptionally high ceilings, reaching 23 feet in most areas, and includes a fire sprinkler system. While previously used for storage, the space boasts a small retail storefront with double-door access at the rear. Note that the space is narrower at the back, with a maximum width of 24 feet. Existing interior framing and potential mezzanine access points are available for removal to suit the tenant's needs. The landlord is open to negotiating lease terms to accommodate prospective tenants. The property's APN is 102-100-046 and is conveniently located near Locust Street in Redding, CA 96001. This property offers significant potential for a business seeking a unique and adaptable retail space in a desirable location.

    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
    40.5763

    Comparable in this City

    • 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
      90,195 SF

      Athens Ave

      Neighborhood centers • 90,195 SF
      0 Athens Ave, Redding, CA 96001
      View Details
    • Value Estimation by Request
      2.45 Acres

      2040 Walnut Ave

      CHARITABLE ORGANIZATION • 2.45 Acres
      2040 Walnut Ave, Redding, CA 96001-2402
      View Details
    • Value Estimation by Request
      0.68 Acres

      4830 Cedars Rd

      CHARITABLE ORGANIZATION • 0.68 Acres
      4830 Cedars Rd, Redding, CA 96001
      View Details
    • Value Estimation by Request
      1.70 Acres

      1825 Ee St

      CHARITABLE ORGANIZATION • 1.70 Acres
      1825 Ee St, Redding, CA 96001-1162
      View Details
    • Value Estimation by Request
      0.16 Acres

      1725 Ee St

      CHARITABLE ORGANIZATION • 0.16 Acres
      1725 Ee St, Redding, CA 96001-1106
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Park Marina Plaza Anchor Space

      10,236 SF space for office, medical, or retail.
      1876 Park Marina Dr, Redding, CA 96001
      View Details
    • Contact for pricing
      500 SF

      Established Dutch Bros Investment Opportunity

      Single-tenant net-leased Dutch Bros in Redding, CA for sale.
      3025 S Market St, Redding, CA 96001
      View Details
    • Contact for pricing
      90,195 SF

      Redding Retail Center For Sale

      Community retail center with strong traffic and easy access.
      2445 Athens Ave, Redding, CA 96001
      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
    • New
      $399,900
      4,465 SF

      Redding Retail Building For Sale

      Retail building with high visibility and traffic count in Redding.
      6271 Eastside Rd, Redding, CA 96001
      View Details
    • $75,000
      0.56 Acres

      Redding Redevelopment Opportunity

      0.57 acre redevelopment opportunity with existing improvements.
      3510 Eureka Way, Redding, CA 96001
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      10,415 SF

      Redding Retail Space: 10,415 SF

      Prime Redding retail space, 10,415 sq ft, high visibility.
      2363 Athens Ave, Redding, CA 96001
      View Details
    • Contact for pricing
      87,255 SF

      3455 Placer St

      Neighborhood centers • 87,255 SF
      3455 Placer St, Redding, CA 96001
      View Details
    • Contact for pricing
      21,543 SF

      Redding Market Center Retail Space

      Downtown Redding retail space, 1,150 sq ft available.
      1551 Market St, Redding, CA 96001
      View Details
    • $9 SF/Yr
      90,195 SF

      Cypress Square Retail Center

      Redding, CA retail space available
      0 Athens Ave, Redding, CA 96001
      View Details
    • Contact for pricing
      4,218 SF

      Historic Downtown Redding Commercial Space

      Commercial space in historic Lorenz Hotel with kitchen and loft.
      1501 Yuba St, Redding, CA 96001
      View Details
    • $19 SF/Yr
      12,100 SF

      1304 East St

      Office Properties & Spaces • 12,100 SF
      1304 East St, Redding, CA 96001
      View Details
    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.
    2367 Athens Ave
    Redding, CA 96001
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!