Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1675 Market St Redding, CA 96001-1022

    • Investment properties
    • 3,400 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2025
    $500,000
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    7%
    Investment properties
    Location Intelligence
    Property ID
    US09-2192355
    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.

    Current Use by Public Records

    • DataRay Inc. / Laser Equipment Supplier

    Property Details for 1675 Market St

    Year built
    1979
    Lot size
    0.16 lot acres
    Property size
    3,400 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    101-790-010-000
    APU
    101790010000

    Description

    This exceptional 3,400 square foot, single-story office building is situated in the heart of Downtown Redding, CA, at the highly visible corner of Market and Placer Streets. Built in 1979, this Class C property boasts a convenient location, just half a block from Dam Burger and one block from the Historic Cascade Theatre. The building features three entrances/exits, making it ideal for owner-occupancy or multi-tenant leasing. Nine dedicated parking spaces provide ample parking for employees and clients, a significant advantage in the downtown core. The property includes first-class security measures such as key card access and security cameras. With approximately 20,000 cars passing daily, this location offers unparalleled visibility. The 6,786 square foot lot is zoned DCD-SP-BH (Downtown Core District - Specific Plan - Building Height Overlay). The asking price is $623,000, translating to $183.24 per square foot. This is a unique opportunity to acquire a well-located, secure, and highly visible office building in a thriving downtown area. The APN is 101-790-010.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $550,000
      ML approach
      $455,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $585,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $404,000
      Market price range: $231k - $607k
      AI Estimate
      $386,000
      Market price range: $135k - $596k

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.39
    Latitude
    40.5826
    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
    $4,679
    $129,607
    $312,827
    $442,434
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      Redding, CA 96001

      OFFICE/RESIDENTIAL (MIXED USE) • 0.15 Acres
      Redding, CA 96001
      View Details
    • Value Estimation by Request
      0.23 Acres

      Redding, CA 96001

      OFFICE/RESIDENTIAL (MIXED USE) • 0.23 Acres
      Redding, CA 96001
      View Details
    • Value Estimation by Request
      0.23 Acres

      Redding, CA 96001

      OFFICE/RESIDENTIAL (MIXED USE) • 0.23 Acres
      Redding, CA 96001
      View Details
    • Value Estimation by Request

      Redding, CA 96001

      OFFICE/RESIDENTIAL (MIXED USE)
      Redding, CA 96001
      View Details
    • Value Estimation by Request
      0.28 Acres

      Redding, CA 96001

      OFFICE/RESIDENTIAL (MIXED USE) • 0.28 Acres
      Redding, CA 96001
      View Details
    • Value Estimation
      $300,000
      11,316 SF

      2522 Lanning Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 11,316 SF
      2522 Lanning Ave, Redding, CA 96001
      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
    • $665,000

      Redding Multi-Unit Income Property

      Multi-unit residential property with income potential in downtown Redding.
      1310 Olive St, Redding, CA 96001
      View Details
    • $90,000
      1.45 Acres

      Scenic Land Parcel in Redding

      1.45-acre vacant land near Whiskeytown Lake with mountain views.
      15882 Lower Springs Rd, Redding, CA 96001
      View Details
    • $299,000

      Redding Income Property with Commercial

      Versatile Redding property with residential and commercial income potential.
      1025 Parkview Ave, Redding, CA 96001
      View Details
    • $69,900
      Pending

      Redding Land Near Whiskeytown Lake

      5.75 acres of residential land in a gated community.
      5.75 Acres Canto De Las Lupine, Redding, CA 96001
      View Details
    • $67,000
      0.93 Acres

      Redding View Lot Ready Build

      0.93-acre lot with permits, utilities, and panoramic views.
      15952 Highland Cir, Redding, CA 96001
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      13,352 SF

      Redding Medical Office Space

      Class A medical office suites, ample parking.
      1335 Buenaventura Blvd, Redding, CA 96001
      View Details
    • $24 SF/Yr
      1,830 SF

      Downtown Redding Executive Suite

      Modern Office Space, Prime Location
      1585 California St, Redding, CA 96001
      View Details
    • $27 SF/Yr
      11,564 SF

      Point West Office Suites

      Redding, CA Executive Office Space
      3951 Bonnyview Rd, Redding, CA 96001
      View Details
    • $9 SF/Yr
      8,897 SF

      Downtown Redding Office/Retail Space

      Prime Redding location, renovated office/retail space.
      1401 Market St, Redding, CA 96001
      View Details
    • Contact for pricing
      43,672 SF

      Redding Retail/Showroom Space Available

      Up to 43,672 SF available for lease in Redding, CA.
      2340 Athens Ave, Redding, CA 96001
      View Details
    • $0.68 SF/Yr
      8,184 SF

      West Redding Medical Office Space

      Medical office spaces for lease in West Redding.
      1950 Court St, 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.
    1675 Market St
    Redding, CA 96001-1022
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.