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Property profile & analytics
OFF-MARKET
Retail space

1040 Cypress Ave Redding, CA 96002-1156

0.63 ac lot
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2669648
Property summary
AI-generated overview

Cypress Pointe, located at 1040 E Cypress Ave, Redding, CA 96002, offers a unique opportunity for medical or food service businesses. This Class A, single-story building totaling 6,000 square feet, underwent renovations in 2013. Currently, 3,000 square feet are available for lease, divisible into spaces ranging from 1,500 to 3,000 contiguous square feet. The property features two suites, each equipped with its own restroom, electric and gas meters, and significant existing plumbing. This former Massage Envy location boasts exceptional visibility, situated on an outparcel with direct exposure to a high-traffic commercial corridor. Benefit from prominent signage facing both Cypress Avenue and Churn Creek Road (cross street). The landlord is willing to subdivide the space and offer tenant improvements (TI allowance), subject to credit approval and negotiation. The property is zoned GC and has an APN of 067-110-049. This is an excellent opportunity to establish a thriving business in a highly visible and accessible location within Redding's bustling commercial landscape.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.63 ac (27,442 SF)
APN 067-110-049-000
UPID US09-2669648
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
  • Golden 1 Credit Union - Redding Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Cp6r LLC · 1 yrs held
Cp6r LLC
since 2024
1 recorded transaction
2024
$14.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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