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Property profile & analytics
OFF-MARKET
Estimated value
$10,300,000
Investment properties
1031 Butte St Redding, CA 96001-0803
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-3678653
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2009
Total area
63,837 SF
Lot
0.69 ac (30,056 SF)
APN
101-620-066-000
UPID
US09-3678653
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Department of Transportation State Government Office
-
Caffè Pagato Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.02M
Comparable Approach
Comparable
$10.17M
Blend (final)
Blend
$10.30M
Owner & transaction history
Michael G Davis · 9 yrs held
Michael G Davis
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.6M
+42.6%
Medical building
$9.1M
+21.6%
Retail stores
$7.9M
+6.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Redding submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redding submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,940,000
6.5%
$11,020,000
7%
$10,235,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,445,000
Current use
RESTAURANT
$10,615,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$9,055,000
Change: +22% · Conversion: Easy
RETAIL STORES
$7,940,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,080,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$10.30M
Range $9.27M – $11.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$161 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$116,090
Tax year 2024
Assessed value
$11,109,470
Assessed 2024
Previous assessed
$11,109,470
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$985,137
Assessed improvement
$10,124,333
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2009
Heating
NONE
Stories
3
Total area
63,837 SF
Lot
0.69 ac (30,056 SF)
APN
101-620-066-000
UPID
US09-3678653
Jurisdiction
SHASTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.4M
RESTAURANT
Est. value
$10.6M
MEDICAL BUILDING
Est. value
$9.1M
RETAIL STORES
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$7.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Stories
3
Lot
0.69 ac
Current owner
From public records · entity-resolved
Michael G Davis
Individual
Mailing address
PO BOX 991940, REDDING, CA 96099-1940
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2019
—
Michael G Davis
—
Deed
related
$1,700,000 · Merchants Bank/commerce
Mar 30, 2017
—
Michael G Davis
Westventure Dev LLC
Grant Deed
$8,985,000 · Redding Bk/commerce
—
—
Michael G Davis
—
Deed Of Trust
related
$1,700,000 · Merchants Bank/commerce
—
—
Michael G Davis
—
Deed Of Trust
related
—
—
—
Westventure Dev LLC
—
Deed Of Trust
related
$7,800,000 · Redding Bank Of Commerce
—
—
Westventure Dev LLC
—
Deed Of Trust
related
$3,475,513 · Davis Mike & A 1992 Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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