Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1401 California St Redding, CA 96001
    Back to Search
    Property profile & analytics

    1401 California St, Redding, CA 96001

    View on Map
    • Investment properties
    • 0.15 lot acres
    Off-Market
    Last Sale Sep 23, 2024
    Property ID
    US09-4974005
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shasta College Community Leadership Center / College

    Property Details for 1401 California St

    Year built
    2023
    Lot size
    0.15 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    101-790-073-520
    APU
    101790073520

    Description

    This exceptional Class A property, California Place - Building 1, offers 3,000 square feet of prime commercial space in downtown Redding, CA. Located at 1401 California St, this six-story building, completed in 2023, features multiple tenancy options with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 3,000 square feet. The property boasts abundant natural light and high visibility thanks to expansive floor-to-ceiling retail windows. Suites are customizable to meet diverse business needs, including retail, restaurant, and executive office spaces. Outdoor seating areas are available for select units. Building amenities include elevators and convenient access to a nearby 5-story parking structure with 400 spaces, ensuring ample parking for tenants and customers. The 0.17-acre lot is zoned DCD-SP-BH (Downtown Core District - Specific Plan - Building Height Overlay) in Shasta County (APN: 101-790-073-100). This vibrant location benefits from significant recent investment in the downtown area, exceeding $500 million in the past five years, and is surrounded by a thriving community including 337 apartments, providing a built-in customer base. A unique opportunity also exists for a 750 square foot rooftop bar. This is an unparalleled chance to establish your business in a dynamic and rapidly growing downtown Redding location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.392
    Latitude
    40.5848
    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
    $9,276
    $18,296
    $882,640
    $900,936
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.57 Acres

      1575 California St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.57 Acres
      1575 California St, Redding, CA 96001-1080
      View Details
    • Value Estimation
      $10,300,000
      63,837 SF

      1031 Butte St

      OFFICE/RESIDENTIAL (MIXED USE) • 63,837 SF
      1031 Butte St, Redding, CA 96001-0803
      View Details
    • Value Estimation
      $4,380,000
      52,645 SF

      1400 California St

      OFFICE/RESIDENTIAL (MIXED USE) • 52,645 SF
      1400 California St, Redding, CA 96001-1004
      View Details
    • Value Estimation
      $580,000
      3,937 SF

      715 Parkview Ave Ste, Unit 1

      OFFICE/RESIDENTIAL (MIXED USE) • 3,937 SF
      715 Parkview Ave Ste, Redding, CA 96001-3339
      View Details
    • Value Estimation
      $1,665,000
      16,478 SF

      1625 Pne St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,478 SF
      1625 Pne St, Redding, CA 96001-1066
      View Details
    • Value Estimation by Request
      3,033 SF

      1524 Ee St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,033 SF
      1524 Ee St, Redding, CA 96001-1109
      View Details

    Similar Nearby for Sale

    • $665,000

      Redding Mixed-Use Investment Opportunity

      Five-unit property, great cash flow potential.
      737 Leland Ct, Redding, CA 96001
      View Details
    • $199,000
      552 SF

      Redding Commercial Lot with Home

      Commercial lot featuring a renovated home and mobile home.
      2339 North Dr, Redding, CA 96001
      View Details
    • Contact for pricing

      Redding Commercial Lot - Eastside Rd

      Prime Redding commercial land, high development potential.
      6011 Eastside 6011 Rd, Redding, CA 96001
      View Details
    • $1,150,000
      7,750 SF

      Redding Cannabis Cultivation Facility

      Approved Cannabis Facility - Investment Opportunity
      2495 Progress Dr, Redding, CA 96001
      View Details
    • $490,000
      3.70 Acres

      Redding Land for Multi-Family Housing

      3.7 acre lot suitable for multi-family housing development.
      6230-6250 Westside Rd, Redding, CA 96001
      View Details
    • $175,000
      4.35 Acres

      Redding Acreage Build Site

      4.35-acre parcel in desirable Redding location.
      1 Silver King Rd, Redding, CA 96001
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Redding Office Space Near I-5

      Office space with Sacramento River views and I-5 access.
      3951 S Bonnyview Rd, Redding, CA 96001
      View Details
    • $1,025 /Mo

      Renovated Office Space in Redding

      Recently renovated office suites in a convenient Redding location.
      1300-1326 Court St, Redding, CA 96001
      View Details
    • $1.40 SF/Yr
      14,109 SF

      Downtown Redding Renovated Office Space

      Renovated office space with parking in Downtown Redding, CA.
      1661 East St, Redding, CA 96001
      View Details
    • Contact for pricing

      Retail Center Anchored by CVS

      Retail spaces available in a busy, anchored shopping center.
      3155 Placer St, Redding, CA 96001
      View Details
    • $1.25 SF/Yr
      2,808 SF

      Redding Freestanding Office For Rent

      Freestanding office with flexible layout in central Redding, CA.
      373 Park Marina Cir, Redding, CA 96001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1401 California St
    Redding, CA 96001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1401 California St, Redding, CA, 96001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!