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Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Retail space
1300 Dana Dr Redding, CA 96003-4071
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-1356210
Property summary
AI-generated overview
Riverbend Commons, located at 1300 Dana Dr, Redding, CA 96003, presents a prime retail opportunity. This single-story, Class B retail center, built in 1990, boasts a total of 117,268 square feet across two suites. Currently, a significant 27,835 square feet of space is available for lease, ideal for a junior anchor tenant. The property sits on a 9.05-acre lot and is zoned RC. Its convenient location is enhanced by its proximity to Dana Drive & Friendly Road in the Redding submarket of Shasta County (APN: 071-430-020). The building is undergoing an extensive exterior remodel. An estimated opening for a tenant is projected for the first or second quarter of 2024. This exceptional opportunity offers high visibility and significant square footage in a thriving Redding location. The property's size and location make it an attractive option for businesses seeking a substantial presence in the Shasta County market. Interested parties should inquire for further details.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
TILT-UP CONCRETE
Total area
122,910 SF
Lot
9.05 ac (394,218 SF)
APN
071-430-020-000
UPID
US09-1356210
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
-
Costco Food Court Restaurant
-
River Bend Commons Shopping Center Shopping Center & Mall
-
Costco Vision Center Eye Care Center Optician
-
Kenneth J. Marzocchi, PHARM Pharmacy
-
Lloyd R. Haynie, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
Raising Canes Restaurants LLC · 2 yrs held
Raising Canes Restaurants LLC
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$29 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$103,539
Tax year 2023
Assessed value
$9,200,000
Assessed 2023
Previous assessed
$9,200,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$5,500,000
Assessed improvement
$3,700,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
122,910 SF
Lot
9.05 ac (394,218 SF)
APN
071-430-020-000
UPID
US09-1356210
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
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
9.05 ac
Current owner
From public records · entity-resolved
Raising Canes Restaurants LLC
Entity
Free & Clear · 2 yrs held
Mailing address
68000 BISHOP RD, PLANO, TX 75024
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2024
—
Raising Canes Restaurants LLC
1300 Dana LLC
Lease
—
Nov 20, 2023
—
1300 Dana LLC
Costco Wholesale Corporation
Grant Deed
—
Sep 1, 2023
$7,347,000
Jsk Jj Investments LLC
1300 Dana LLC
Grant Deed
$7,346,600 · Jayesh Keshav
Sep 1, 2023
$6,100,000
1300 Dana LLC
Costco Wholesale Corporation
Grant Deed
—
Sep 1, 2023
—
Jsk Jj Investments LLC
1300 Dana LLC
Lease
—
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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