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Property profile & analytics
FOR SALE
Industrial properties
1691 Zachi Way Redding, CA 96003
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0245996
For Sale
1 / 28
$1,300,000
1691 Zachi Way, Redding, CA 96003
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2005
Total area
6,250 SF
Lot
0.51 ac (22,215 SF)
APN
114-320-036-000
UPID
US09-0245996
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
-
No-Cal Rod & Custom Auto Repair Shop
-
Gheen Builders, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$775k
Blend (final)
Blend
$835k
Owner & transaction history
Gheen Builders INC · 3 yrs held
Gheen Builders INC
since 2022
Last sale
$950,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+84.2%
Medical building
$925,000
+64.3%
Commercial (general)
$805,000
+42.8%
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
$780,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$565,000
Current use
RESTAURANT
$1,040,000
Change: +84% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$775,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$695,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $950k (Aug 26 2022)
Last sale anchor
$950k
Aug 26 2022
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
$134 / 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
$10,660
Tax year 2024
Assessed value
$969,000
Assessed 2024
Previous assessed
$969,000
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$153,000
Assessed improvement
$816,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,250 SF
Lot
0.51 ac (22,215 SF)
APN
114-320-036-000
UPID
US09-0245996
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
INDUSTRIAL (GENERAL) Current
Est. value
$565,000
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$695,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Gheen Builders INC
Entity
Mailing address
1691 ZACHI WAY STE B, REDDING, CA 96003-1469
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
—
Gheen Builders INC
Gbi Holdings LLC
Assignment Of Lease (leasehold Sale)
$393,000 · Superior California Economic Development
Aug 26, 2022
$950,000
Gbi Holdings LLC
Zaharo C Stouras
Grant Deed
$475,000 · Golden Valley Bank
May 31, 2018
—
James S Flomp
Flomp,mary
Quit Claim Deed
related
—
Jul 6, 2005
—
Michelle T Sprague
Sprague,eric
Quit Claim Deed
related
—
Jan 12, 2005
$390,000
Flomp Mary Trust
Tanqueray Corp
Grant Deed
$137,200 · Private Lender
—
—
Flomp Mary Trust
—
Deed Of Trust
related
$200,000 · Dale Emily A Trust 006329
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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