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Property profile & analytics
FOR SALE
Office Spaces
2195 Larkspur Ln 205 Redding, CA 96002
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8883473
For Sale
1 / 9
$3,310,000
2195 Larkspur Ln,Unit 205, Redding, CA 96002
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1997
Construction
TILT-UP CONCRETE
Total area
29,632 SF
Lot
1.73 ac (75,358 SF)
APN
107-190-035-000
UPID
US09-8883473
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
-
Real Estate 1 Real Estate Agency
-
Jill Shepherd Piercy Clark, MA, LMFT Counselor Family Counselor
-
Magma Title Loans Loan Service
-
Resiliency Co Crisis Center Medical Clinic
-
DealerTeam - Automotive Retail Platform (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.31M
Owner & transaction history
Joseph K Wong · 2 yrs held
Joseph K Wong
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+54.1%
Retail stores
$4.7M
+48.1%
Medical building
$4.4M
+37.5%
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
$3,310,000
ML approach
$3,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,200,000
Current use
RESTAURANT
$4,930,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$4,735,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$4,395,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,285,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,675,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $3.31M (Jul 9 2024)
Last sale anchor
$3.31M
Jul 9 2024
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
$112 / 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
$40,910
Tax year 2024
Assessed value
$3,692,364
Assessed 2024
Previous assessed
$3,692,364
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,115,517
Assessed improvement
$2,576,847
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1997
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
29,632 SF
Lot
1.73 ac (75,358 SF)
APN
107-190-035-000
UPID
US09-8883473
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
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.9M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1997
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Joseph K Wong
Individual
Mailing address
400 REDCLIFF DR, REDDING, CA 96002-0116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2024
—
Joseph K Wong
Joseph K Wong
Intrafamily Transfer
related
$2,300,000 · Five Star Bank
Oct 28, 2021
—
Joseph K Wong
—
Deed
related
$2,466,264 · Mechanics Bank
Nov 1, 2017
$3,310,000
Joseph K Wong
Joseph K Wong
Grant Deed
related
$2,500,000 · Scott Valley Bank
Mar 8, 1999
$26,000
North Valley Bank
Johnson Trust
Grant Deed
related
—
Oct 11, 1996
—
Johnson Trust
Wm D Johnson Co INC
Quit Claim Deed
related
$2,625,000 · North Valley Bank
—
—
Morrow Webb B JR Living Trust
—
Deed Of Trust
related
$3,120,000 · Scott Valley Bank
—
—
Morrow Trust
—
Deed Of Trust
related
$2,940,000 · North Valley Bank
—
—
Morrow Trust
—
Deed Of Trust
related
$2,720,000 · North Valley Bank
—
—
William D Johnson
—
Deed Of Trust
related
$180,000 · Carr Kennedy Peterson & Frost
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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