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    Property profile & analytics
    OFF-MARKET Estimated value $825,000
    Banks

    150 Cypress Ave, Redding, CA 96002-0103

    0.47 ac lot Built 1978
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US09-1384944
    Property summary
    AI-generated overview

    This exceptional two-story office building in Redding, CA, offers multiple executive office spaces for lease, ranging from 491 to 4,081 square feet. Located at 150 Cypress Ave, 96002, this Class C building boasts 10,222 total square feet and benefits from excellent visibility due to its corner location at Cypress Ave and Hemsted Dr, a high-traffic area with 51,100 cars passing daily. Built in 1978, the property features great signage opportunities, ideal for maximizing brand awareness. The building comprises one structure with two stories, and while it does not include elevators, it offers secure gated parking, ensuring the safety and convenience of tenants. Suite 100 (first floor) offers the flexibility of customizable floor plans to accommodate specific business needs. This property is zoned RED GC - General Commercial (APN: 107-360-031-000) and is situated within an established professional office park, providing easy access to Interstate 5. This is a fantastic opportunity for businesses seeking a prominent and functional office space in a thriving Redding location.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1978
    Construction TILT-UP CONCRETE
    Lot 0.47 ac (20,473 SF)
    APN 107-360-031-000
    UPID US09-1384944
    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
    • TC Design & SEO Marketing & Advertising (Bike/Boat/Book/etc) Store
    • CARR Real Estate Appraisal Real Estate Agency
    • Hecht Stephen T MD Physician
    • Redding Physical Therapy Medical Clinic
    • Esthetics by Jaz Spa & Massage Center Skin Care Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $665k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $825k
    Owner & transaction history
    Opal Properties LLC · 6 yrs held
    Opal Properties LLC
    since 2020
    Last sale
    $950,000
    7 recorded transactions
    2020
    2020
    $950,000
    2011
    2011
    2010
    1996
    $831,000
    1996
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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