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    Property profile & analytics

    1391 Hartnell Ave Redding, CA 96002-2227

    • Warehouses
    • 1,580 SF
    • 13.00 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    8.5%
    Warehouses
    Location Intelligence
    Property ID
    US09-5542434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hartnell Mini Storage / Self-Storage Facility / Automobile Storage Facility

    Property Details for 1391 Hartnell Ave

    Year built
    2009
    Construction
    WOOD
    Lot size
    13.00 lot acres
    Property size
    1,580 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    068-070-020-000
    APU
    68070020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $325,000
      6.5%
      $300,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $238,000
      Market price range: $29.0k - $239k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.345
    Latitude
    40.5616
    CBSA code
    39820
    CBSA name
    REDDING, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $82,511
    $1,724,475
    $5,622,557
    $7,347,032
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      1.54 Acres

      3612 Thunderbird Dr

      MINI-WAREHOUSE, STORAGE • 1.54 Acres
      3612 Thunderbird Dr, Redding, CA 96002-9002
      View Details
    • Value Estimation
      $4,710,000
      3.69 Acres

      5637 Airport Rd

      MINI-WAREHOUSE, STORAGE • 3.69 Acres
      5637 Airport Rd, Redding, CA 96002-9437
      View Details
    • Value Estimation
      $265,000
      1.12 Acres

      2930 Alfreda Way

      MINI-WAREHOUSE, STORAGE • 1.12 Acres
      2930 Alfreda Way, Redding, CA 96002-1245
      View Details
    • Value Estimation
      $465,000
      2.99 Acres

      1222 Hartnell Ave

      MINI-WAREHOUSE, STORAGE • 2.99 Acres
      1222 Hartnell Ave, Redding, CA 96002-2292
      View Details
    • Value Estimation by Request
      5.23 Acres

      2615 Larkspur Ln

      MINI-WAREHOUSE, STORAGE • 5.23 Acres
      2615 Larkspur Ln, Redding, CA 96002-1017
      View Details
    • Value Estimation
      $565,000
      29,800 SF

      8837 Airport Rd

      MINI-WAREHOUSE, STORAGE • 29,800 SF
      8837 Airport Rd, Redding, CA 96002-9249
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.17 Acres

      Redding, CA Commercial Land Investment

      Prime Commercial Land: I-5 & Knighton Rd
      0 I-5 & Knighton Rd, Redding, CA 96002
      View Details
    • $275,000
      1.00 Acre

      Redding Commercial Land - $275K

      One-acre office lot, ready to build.
      1775 Hartnell Ave, Redding, CA 96002
      View Details
    • Contact for pricing
      81,000 SF

      REDDING HILLSIDE PLAZA

      Medical offices • 81,000 SF
      415 Hartnell Ave, Redding, CA 96002
      View Details
    • $209,000
      4.86 Acres

      Redding Land Near I-5

      Land with irrigation near I-5, suitable for animals/garden.
      Milky Way, Redding, CA 96002
      View Details
    • $225,000
      2.43 Acres

      Redding Land with Building Potential

      Residential land in Redding, CA, suitable for building a home.
      Lot15 Stillwater Rd, Redding, CA 96002
      View Details
    • $450,000
      2,600 SF

      Redding Commercial Property For Sale

      Income-producing commercial property with multiple buildings in a high-visibility location.
      6854 Airport Rd, Redding, CA 96002
      View Details

    Similar Nearby for Lease

    • $0.85 SF/Yr
      14,000 SF

      Redding Warehouse with Fenced Yard

      14,000 SF warehouse with drive-through access in Redding, CA.
      860 Commerce St, Redding, CA 96002
      View Details
    • $628 /Mo
      900 SF

      Redding Commercial Space For Rent

      Multi-tenant industrial building with retail and office configurations available.
      1666 E Cypress Ave, Redding, CA 96002
      View Details
    • $1.25 SF/Yr

      Premium Commercial Office Space Available

      Sought-after Redding location with private offices and ample parking.
      1760 Churn Creek Rd, Redding, CA 96002
      View Details
    • $1.30 SF/Yr
      1,280 SF

      Redding Office Space For Rent

      Office space available on Churn Creek Road in Redding, CA.
      2150 Churn Creek Rd, Redding, CA 96002
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Redding, California.
      2800 Rancho Rd, Redding, CA 96002
      View Details
    • $1.25 SF/Yr
      16,208 SF

      Redding Retail Building with Drive-Thru

      Former Rite Aid retail building with drive-thru and parking.
      975 E Cypress Ave, Redding, CA 96002
      View Details

    Property Visit Statistics

    • Visits by month
      735
    • Visitors by month
      931
    • Avg Time on site
      20 min
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    1391 Hartnell Ave
    Redding, CA 96002-2227
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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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