Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21947 Gilbert Dr Palo Cedro, CA 96073
    Back to Search
    Property profile & analytics

    21947 Gilbert Dr, Palo Cedro, CA 96073

    View on Map
    • Warehouses
    • 8,400 SF
    • 1.02 lot acres
    Off-Market
    Property ID
    US09-3879519
    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

    • Warehouses

    Property Details for 21947 Gilbert Dr

    Year built
    2018
    Lot size
    1.02 lot acres
    Zone code
    C-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    059-360-016-000
    APU
    59360016000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 10, 2015 $95,000 Old 44 Ventures LLC Gagliardi Properties INC Grant Deed —
    Dec 23, 2013 $53,000 Gagliardi Properties INC Tri Counties Bank Grant Deed —
    May 28, 2010 $37,708 Tri Cntys Bk Fidelity National Title Co Trustees Deed · related —
    Mar 6, 2001 $100,000 Frank J Avantino Tatom,lon M & Deena C Grant Deed $90k · Seller
    Apr 21, 2000 $60,000 Lon M Tatom Chandler,kelcey E Grant Deed —
    — — Frank J Avantino — Deed Of Trust · related $35k · Tri Counties Bank
    — — Frank J Avantino — Deed Of Trust · related $173k · Butte Community Bank
    — — Frank J Avantino — Deed Of Trust · 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
    Palo Cedro
    County
    Shasta
    State
    California
    Longitude
    -122.239
    Latitude
    40.5515
    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
    $11,579
    $110,252
    $936,675
    $1,046,927
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.02 Acres

      9050 Deschutes Rd

      MINI-WAREHOUSE, STORAGE
      9050 Deschutes Rd, Palo Cedro, CA 96073-8712
      View Details
    • Value Estimation by Request
      1.96 Acres

      9050 Deschutes Rd

      MINI-WAREHOUSE, STORAGE
      9050 Deschutes Rd, Palo Cedro, CA 96073-8712
      View Details
    • Value Estimation by Request
      2,400 SF

      9345 Skycrest Way

      Automotive properties
      9345 Skycrest Way, Palo Cedro, CA 96073
      View Details
    • Value Estimation by Request
      1.87 Acres

      Palo Cedro, CA 96073

      VACANT COMMERCIAL LAND
      Palo Cedro, CA 96073
      View Details
    • Value Estimation by Request
      5.40 Acres

      22499 Golftime Dr

      GOLF COURSE
      22499 Golftime Dr, Palo Cedro, CA 96073-8780
      View Details
    • Value Estimation
      $2,065,000
      17,214 SF

      9340 Deschutes Rd

      RETAIL STORES (PERSONAL SERVICES)
      9340 Deschutes Rd, Palo Cedro, CA 96073-9763
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,460 SF

      Palo Cedro Mixed-Use Property

      Mixed-use property in Palo Cedro, California, totaling 5,460 square feet.
      22070 Palo Way, Palo Cedro, CA 96073
      View Details
    • $298,000
      10.26 Acres

      Palo Cedro Estate Sized Parcel

      Estate-sized parcel in Palo Cedro's Silverbridge Highlands.
      7 Mini Mesa Ct, Palo Cedro, CA 96073
      View Details
    • $450,000
      0.94 Acres

      Commercial Land in Palo Cedro

      Commercial land for investment or development in central Palo Cedro.
      21951 Old 44 Dr, Palo Cedro, CA 96073
      View Details
    • $165,000
      2.73 Acres

      Land in Palo Cedro

      2.73 acre lot in the heart of Palo Cedro.
      Stone Mdw Dr, Palo Cedro, CA 96073
      View Details
    • $500,000
      Pending

      Palo Cedro Land Parcel

      Estate-sized land parcel in Silverbridge Highlands, Palo Cedro.
      High Horse Way, Palo Cedro, CA 96073
      View Details
    • $328,000
      10.10 Acres

      Palo Cedro Land For Sale

      Estate-sized parcels with rolling hills, oak trees, and mountain views.
      4 Saddle Smt Ln, Palo Cedro, CA 96073
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Palo Cedro Commercial Master Lease

      Multi-building commercial property for lease at a highly visible location.
      22020 Old 44 Dr, Palo Cedro, CA 96073
      View Details
    • Contact for pricing

      Retail/Office Space in Shopping Center

      Retail/office space available in North Gate Shopping Center.
      9481 Deschutes Rd, Palo Cedro, CA 96073
      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.
    21947 Gilbert Dr
    Palo Cedro, CA 96073
    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
    21947 Gilbert Dr, Palo Cedro, CA, 96073
    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!