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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Office Spaces
1445 Victor Ave Redding, CA 96003-4858
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-3062579
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
WOOD
Total area
6,193 SF
Lot
0.46 ac (20,037 SF)
APN
071-390-025-000
UPID
US10-3062579
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
-
North State Insurance Insurance Agency
-
Goosehead Insurance - Mike Littau Insurance Agency
-
Goosehead Insurance Patrick Konu Insurance Agency
-
Bright Lake Wealth Management - Redding Financial Advisor
-
ION-Impact On Networking Business Networking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$990k
Owner & transaction history
Pine Brook Financial INC · 2 yrs held
Pine Brook Financial INC
since 2023
Last sale
$995,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+29.0%
Medical building
$920,000
+15.1%
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
$870,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$800,000
Current use
RESTAURANT
$1,030,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$920,000
Change: +15% · Conversion: Easy
RETAIL STORES
$770,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$685,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $995k (Aug 3 2023)
Last sale anchor
$995k
Aug 3 2023
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
$160 / 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
$11,065
Tax year 2024
Assessed value
$995,000
Assessed 2024
Previous assessed
$995,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$250,000
Assessed improvement
$745,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
4
Total area
6,193 SF
Lot
0.46 ac (20,037 SF)
APN
071-390-025-000
UPID
US10-3062579
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
$800,000
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$920,000
RETAIL STORES
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$685,000
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
2006
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
1
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Pine Brook Financial INC
Entity
Mailing address
1445 VICTOR AVE STE D, REDDING, CA 96003-4880
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
Pine Brook Financial INC
Victor Ave Holdings LLC
Assignment Of Lease (leasehold Sale)
$410,000 · Greater Sacramento Certified Development
Aug 3, 2023
$995,000
Victor Ave Holdings LLC
1445 Victor LLC
Grant Deed
$497,500 · Plumas Bank
Aug 29, 2019
$760,000
1445 Victor LLC
Santala,mitchell R
Grant Deed
$830,000 · Hathway R F JR & K J F/tr (pt)
Aug 27, 2018
—
Mike D Littau
—
Deed
related
$50,000 · Mitchell R Santala
May 27, 2016
—
Mitchell R Santala
—
Deed
related
$612,000 · Farmers Insurance Group FCU
May 31, 2012
—
Mike D Littau
Littau,jamie L
Quit Claim Deed
related
$631,750 · Amador Ellen Trust
May 31, 2012
$665,000
Mitchell R Santala
Amador Ellen Trust
Grant Deed
—
Jan 11, 2011
—
Ellen M Amador
Amador,ellen M
Quit Claim Deed
related
—
May 14, 2007
$1,100,000
Alejandro Amador
Concept Dev Corp
Grant Deed
—
—
—
Mike D Littau
—
Deed Of Trust
related
$50,000 · Mitchell R Santala
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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