Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2171 Market St Redding, CA 96001-2639
    Back to Search
    Property profile & analytics

    2171 Market St, Redding, CA 96001-2639

    View on Map
    • Hotels
    • 7,699 SF
    • 0.49 lot acres
    Off-Market
    Last Sale Apr 28, 2022
    $1,400,000
    Property ID
    US09-0720429
    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
    $1,215,000
    Show details
    Cap Rate Potential
    5.7%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Market Street Manor Motel / Hotel & Motel

    Property Details for 2171 Market St

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    102-510-019-000
    APU
    102510019000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2025 — C & M Opportunities LLC — Deed · related $300k · Five Star Bank
    Sep 18, 2024 — Good News Rescue Mission — Deed · related $760k · Cornerstone Community Bank
    Apr 27, 2023 — C & M Opportunities LLC — Deed · related $1M · Five Star Bank
    Apr 28, 2022 $1,400,000 C & M Opportunities LLC Pacific Oak Real Estate Holdings Ll Grant Deed —
    Mar 22, 2022 $17,500 Pacific Oak Real Estate Holdinhs Ll 2171 Market Street INC Grant Deed —
    Oct 8, 2021 — 2171 Market Street INC Jon A Divens Grant Deed —
    Dec 2, 2020 $1,600,000 Jon Divens Earl Freddy Invest C LLC Grant Deed $1.1M · Pacific Private Money Fund I LLC
    Jan 17, 2018 — Earl Freddy Invest C LLC — Trustees Deed · related $250k · Pacific Private Money Fund I LLC Pacific Private Money Fund I LLC
    Jul 13, 2017 — Earl Freddy Invest C LLC — Deed · related $850k · Other Institutional Lenders
    Apr 28, 2017 $599,000 Earl Freddy Invest C LLC Patrick Shannon Grant Deed $640k · Pacific Private Money Fund I LLC
    Jun 16, 2003 — Patrick Shannon Shannon,patrick & Tamara Quit Claim Deed · related $500k · Premierwest Bank
    Jun 5, 2003 — Market Street Manor Motel LLC Shannon,patrick & Tamara Grant Deed · related —
    Dec 17, 2002 $385,000 Patrick Shannon Rains County West LLC Grant Deed $265k · Rains County West
    Sep 24, 2002 — Rains County West LLC Hancock,tr Grant Deed · related —
    Apr 1, 2002 — C C Fergon Antonson,bryan Grant Deed · related —
    Nov 2, 1998 $370,000 Bryan Antonson Mayer,deter Grant Deed $400k · Seller
    Oct 30, 1998 — Deter W Mayer Mayer,celia Quit Claim Deed · related —
    Oct 30, 1998 $54,500 Mayer,deter W Mayer,winifred Trustees Deed · related —
    Feb 4, 1994 — Deter,w Mayer Trustee Mayer,deter W Quit Claim Deed · related —
    — — Earl Freddy Invest C LLC — Loan Modification · related $850k · Other Institutional Lenders
    — — Patrick Shannon — Deed Of Trust · related $100k · Albert W & Shelley Mills
    — — Patrick Shannon — Deed Of Trust · related $125k · Albert W & Shelley Mills
    — — Bryan Antonson — Deed Of Trust · related $50k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,145,000
      ML approach
      $1,120,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,010,000
      7%
      $940,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $870,000
      COMMERCIAL (GENERAL)
      $860,000
      APARTMENT HOUSE (5+ UNITS)
      $835,000
      INDUSTRIAL (GENERAL)
      $760,000
      MEDICAL BUILDING
      $745,000
      WAREHOUSE, STORAGE
      $745,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.388
    Latitude
    40.5777
    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
    $17,971
    $780,300
    $694,830
    $1,475,130
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      4620 Westside Rd

      HOTEL/MOTEL
      4620 Westside Rd, Redding, CA 96001-4137
      View Details
    • Value Estimation by Request
      13,379 SF

      1135 Market St

      HOTEL/MOTEL
      1135 Market St, Redding, CA 96001-0511
      View Details
    • Value Estimation by Request
      0.32 Acres

      1200 Tehama St

      HOTEL/MOTEL
      1200 Tehama St, Redding, CA 96001
      View Details
    • Value Estimation by Request
      2.10 Acres

      1835 Park Marina Dr

      HOTEL/MOTEL
      1835 Park Marina Dr, Redding, CA 96001-0914
      View Details
    • Value Estimation by Request
      4,136 SF

      2220 Pne St

      HOTEL/MOTEL
      2220 Pne St, Redding, CA 96001-2634
      View Details
    • Value Estimation by Request
      21,150 SF

      1350 Pne St

      HOTEL/MOTEL
      1350 Pne St, Redding, CA 96001-0604
      View Details

    Similar Nearby for Sale

    • $180,000
      8.34 Acres

      Redding Land with Canyon Views

      8+ acre property with unobstructed views and existing septic.
      7555 Clear Cyn Rd, Redding, CA 96001
      View Details
    • $315,000
      1.00 Acre

      Redding Riverfront Land Parcel

      Gated riverfront land parcel with approved architectural plans.
      19301 Clover Rd, Redding, CA 96001
      View Details
    • $69,900
      4.36 Acres

      Residential Land in Gated Community

      4.36 acre residential land for sale in Redding, CA.
      4.36 Acres Canto De Las Lupine, Redding, CA 96001
      View Details
    • $45,000
      6.92 Acres

      Residential Land in Gated Community

      6.92 acre residential land in a gated community.
      Canto De Las Lupine Dr, Redding, CA 96001
      View Details
    • $150,000
      7.64 Acres

      Redding Land with Creek

      7.64 acres with creek, potential building sites, convenient location.
      16928 Campo Calle, Redding, CA 96001
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Redding Office Space Near I-5

      Office space with Sacramento River views and I-5 access.
      3951 S Bonnyview Rd, Redding, CA 96001
      View Details
    • $1,025 /Mo

      Renovated Office Space in Redding

      Recently renovated office suites in a convenient Redding location.
      1300-1326 Court St, Redding, CA 96001
      View Details
    • Contact for pricing
      14,109 SF

      Downtown Redding Renovated Office Space

      Renovated office space with parking in Downtown Redding, CA.
      1661 East St, Redding, CA 96001
      View Details
    • Contact for pricing

      Retail Center Anchored by CVS

      Retail spaces available in a busy, anchored shopping center.
      3155 Placer St, Redding, CA 96001
      View Details
    • Contact for pricing
      2,808 SF

      Redding Freestanding Office For Rent

      Freestanding office with flexible layout in central Redding, CA.
      373 Park Marina Cir, 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.
    2171 Market St
    Redding, CA 96001-2639
    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

    Thank You for Inquiry
    2171 Market St, Redding, CA, 96001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!