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    1520 Collyer Dr Redding, CA 96003-9535
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    Property profile & analytics

    1520 Collyer Dr, Redding, CA 96003-9535

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    • Assisted living facilities
    • 17,538 SF
    • 1.87 lot acres
    Off-Market
    Last Sale May 3, 2021
    $6,674,500
    Property ID
    US09-0116619
    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

    • Sierra Oaks Assisted Living & Memory Care / Nursing Home / Retirement Community

    Property Details for 1520 Collyer Dr

    Year built
    2002
    Construction
    WOOD
    Lot size
    1.87 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    116-350-054-000
    APU
    116350054000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 3, 2021 $6,674,500 Quail Crest Redding 2 LLC Redding North Senior Living LLC Grant Deed $6.4M · Greystone Funding Company
    May 3, 2021 — Qijall Crest Redding 1 LLC — Deed · related —
    Dec 19, 2017 — Redding North Senior Living Ll Redding North Senior Living Ll Quit Claim Deed · related —
    Aug 11, 2014 — North Senior Living Ll Redding — Grant Deed · related $6.4M · Walker & Dunlop
    Aug 21, 2008 — North Senior Living Ll Redding Sierra Oaks Redding 5 LLC Quit Claim Deed $7.1M · Bank Of The West
    Mar 20, 2007 $100,000 Sierra Oaks Redding 7 LLC Sierra Oaks Acquisitions 1 LLC Grant Deed —
    Mar 16, 2007 $164,500 Sierra Oaks Redding 3 LLC Sierra Oaks Acquisitions 1 LLC Grant Deed —
    Mar 16, 2007 $1,026,500 Sierra Oaks Redding 2 LLC Sierra Oaks Acquisitions 1 LLC Grant Deed —
    Mar 16, 2007 $469,000 Sierra Oaks Redding 6 LLC Sierra Oaks Acquisitions 1 LLC Grant Deed —
    Mar 16, 2007 $1,010,000 Sierra Oaks Redding 4 LLC Sierra Oaks Acquisitions 1 LLC Grant Deed —
    Mar 13, 2007 $130,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 13 LLC Grant Deed —
    Mar 13, 2007 $27,000 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 17 LLC Grant Deed —
    Mar 13, 2007 $117,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 14 LLC Grant Deed —
    Mar 13, 2007 $299,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks Invtrs 15 LLC Grant Deed —
    Mar 13, 2007 $63,000 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 11 LLC Grant Deed —
    Mar 13, 2007 $64,000 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 9 LLC Grant Deed —
    Mar 13, 2007 $138,000 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 5 LLC Grant Deed —
    Mar 13, 2007 $52,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 10 LLC Grant Deed —
    Mar 13, 2007 $39,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 6 LLC Grant Deed —
    Mar 13, 2007 $121,000 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks II LLC Grant Deed —
    Mar 13, 2007 $5,188,000 Sierra Oaks Acquisition 1 LLC Sierra Oaks LLC Grant Deed $6.7M · Owens Mortgage Investment Fund
    Mar 6, 2007 $271,000 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 12 LLC Grant Deed —
    Mar 6, 2007 $125,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 8 LLC Grant Deed —
    Mar 6, 2007 $572,500 Sierra Oaks Redding 5 LLC Sierra Oaks Acquisition 1 LLC Grant Deed —
    Mar 6, 2007 $59,000 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 18 LLC Grant Deed —
    Mar 6, 2007 $23,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 16 Ll Grant Deed —
    Mar 6, 2007 $13,500 Sierra Oaks Acquisition 1 LLC Arei Sierra Oaks 7 LLC Grant Deed —
    Mar 6, 2007 $133,500 Sierra Oaks Acquisitions 1 LLC Arei Sierra Oaks 3 LLC Grant Deed —
    Mar 6, 2007 $52,500 Sierra Oaks Acquisitions 1 LLC Arei Sierra Oaks 4 LLC Grant Deed —
    Feb 22, 2007 — Placer Capital LLC Sierra Oaks LLC Grant Deed —
    Feb 22, 2007 $229,000 Arei Sierra Oaks 19 LLC Placer Capital LLC Grant Deed —
    Feb 4, 2005 $23,500 Arei Sierra Oaks 17 LLC Sierra Oaks LLC Grant Deed —
    Dec 10, 2004 $20,500 Arei Sierra Oaks 16 LLC Sierra Oaks LLC Grant Deed · related —
    Sep 17, 2004 $55,000 Arei Sierra Oaks Investors 15 Sierra Oaks LLC Grant Deed · related —
    Aug 13, 2004 $33,500 Arei Sierra Oaks Invtrs 15 LLC Sierra Oaks LLC Grant Deed · related —
    May 21, 2004 — Sierra Oaks LLC Oakdale Heights Senior Living Grant Deed · related —

    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
    -122.343
    Latitude
    40.6169
    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
    $36,386
    $397,953
    $2,780,756
    $3,178,709
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,105,000
      6.36 Acres

      7 Hilltop Dr

      HOMES (RETIRED, NURSING)
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      View Details
    • Value Estimation
      $1,840,000
      29,656 SF

      191 Churn Crk Rd

      HOMES (RETIRED, NURSING)
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      View Details
    • Value Estimation
      $1,425,000
      8,605 SF

      1850 Lk Blvd

      HOMES (RETIRED, NURSING)
      1850 Lk Blvd, Redding, CA 96003-1232
      View Details
    • Value Estimation
      $5,200,000
      1.60 Acres

      1620 Collyer Dr

      HOMES (RETIRED, NURSING)
      1620 Collyer Dr, Redding, CA 96003-9547
      View Details
    • Value Estimation by Request
      0.75 Acres

      1720 Collyer Dr

      HOMES (RETIRED, NURSING)
      1720 Collyer Dr, Redding, CA 96003-9524
      View Details
    • Value Estimation by Request
      10,399 SF

      1750 Collyer Dr

      HOMES (RETIRED, NURSING)
      1750 Collyer Dr, Redding, CA 96003-9524
      View Details

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      Retail Space Available For Rent

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      3,000 SF

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      Retail space available in a busy Redding shopping center.
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    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.

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