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Property profile & analytics
OFF-MARKET Estimated value $730,000
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
$730k
Owner & transaction history
Opal Properties LLC · 6 yrs held
Opal Properties LLC
since 2020
Last sale
$950,000
7 recorded transactions
2020
Price N/A
2020
$950,000
2011
Price N/A
2011
Price N/A
2010
Price N/A
1996
$831,000
1996
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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