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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Amusement parks
1988 Park Marina Dr Redding, CA 96001-0912
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2101198
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1980
Total area
18,919 SF
Lot
2.02 ac (87,991 SF)
APN
102-150-007-000
UPID
US09-2101198
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
-
Shasta Athletic Club Gym & Fitness Center
-
Van Williams Mpt Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.48M
Owner & transaction history
Kutas,demetra F Trust · 5 yrs held
Kutas,demetra F Trust
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$3,470,000
Current use
RESTAURANT
$3,145,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±10%
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
$131 / 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
$23,808
Tax year 2024
Assessed value
$2,230,279
Assessed 2024
Previous assessed
$2,230,279
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$480,669
Assessed improvement
$1,749,610
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1980
Heating
NONE
Stories
1
Total area
18,919 SF
Lot
2.02 ac (87,991 SF)
APN
102-150-007-000
UPID
US09-2101198
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$3.5M
RESTAURANT
Est. value
$3.1M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
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
1980
Heating
NONE
Stories
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
Kutas,demetra F Trust
Trust
Mailing address
1988 PARK MARINA DR, REDDING, CA 96001-0912
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Christopher G Kutras
—
Deed
related
$600,000 · Plumas Bank
Dec 30, 2022
—
Christopher G Kutras
—
Deed
related
$100,000 · Plumas Bank
Jan 15, 2021
—
Kutas,demetra F Trust
Demetra F Kutras
Quit Claim Deed
related
—
Sep 13, 2019
—
Christopher G Kutras
Kangaroo Kourts IV
Quit Claim Deed
related
$316,500 · Plumas Bank
Mar 24, 2016
—
Christopher G Kutras
Kutras,george
Quit Claim Deed
related
—
Dec 30, 1997
$8,000
Constantina K Thorpe
Kutras,george
Grant Deed
related
—
May 5, 1994
—
Constantina K Thorpe
Kutras,george
Grant Deed
related
—
—
—
Kangaroo Kourts Kourts IV
—
Deed Of Trust
related
$460,000 · Tri Counties Bank
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.
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