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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1330 Churn Creek Rd Redding, CA 96003
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1977267
For Lease
1 / 10
$4,475,000
1330 Churn Creek Rd, Redding, CA 96003
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Property summary
AI-generated overview
Shasta Crossroads, located at 1330 Churn Creek Road in Redding, California (zip code 96003), offers exceptional retail space for lease in Shasta County. This multi-tenant commercial property boasts a total of 114,565 square feet, providing ample opportunity for businesses of various sizes. Currently, there are 13,445 square feet of vacant space available, divisible into units ranging from a minimum of 1,195 square feet to a maximum contiguous space of 5,980 square feet. The property's prime location in Redding offers excellent visibility and accessibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. The property is classified as retail commercial space and is perfect for a variety of retail uses. This is a fantastic opportunity to establish or expand your business in a thriving community. The property is situated at 40.5878702 latitude and -122.3527636 longitude. Interested parties are encouraged to inquire about available spaces and lease terms. The property is categorized as a multi-tenant building.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1991
Construction
TILT-UP CONCRETE
Total area
54,456 SF
Lot
4.5 ac (196,020 SF)
APN
071-430-013-000
UPID
US09-1977267
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Shasta Crossroads Shopping Center & Mall
-
FoodMaxx Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Atm Kiosk
-
California DMV Now Kiosk Kiosk Department Of Motor Vehicles
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.93M
Blend (final)
Blend
$4.48M
Owner & transaction history
Pan Norcal LLC · 1 yrs held
Pan Norcal LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.0M
+3.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,775,000
Current use
COMMERCIAL (GENERAL)
$7,020,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,040,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.48M
Range $4.03M – $4.92M · ±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
$82 / 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
$66,339
Tax year 2024
Assessed value
$5,953,303
Assessed 2024
Previous assessed
$5,953,303
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,335,519
Assessed improvement
$3,617,784
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
54,456 SF
Lot
4.5 ac (196,020 SF)
APN
071-430-013-000
UPID
US09-1977267
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
RETAIL STORES Current
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1991
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Pan Norcal LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
—
Pan Norcal LLC
Shasta Station LP
Deed
—
Nov 26, 2014
—
Shasta Station LLC
Wri Golden State LLC
Grant Deed
—
Oct 22, 2014
—
Parker Place Group LLC
Shasta Np Owner LLC
Grant Deed
$6,365,000 · Miscellaneous Ins Co
Apr 3, 2001
—
Wri Golden State LLC
Bpp/golden State Acquistions
Grant Deed
related
—
Jan 6, 1998
—
Bpp/golden State Acquisitions
—
Deed Of Trust
related
$135,039,950 · Nomura Asset Capital Corp
Jan 5, 1998
—
Bpp/golden State Acquisitions
Hpba 11-shasta Associates LLC
Grant Deed
related
—
Oct 1, 1997
—
Hpba 11-shast Associates LLC
Mcconnell Foundation
Grant Deed
related
—
—
—
Hpba 111-shasta Associates LLC
—
Deed Of Trust
related
$125,000 · Deutsch Bank
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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