Property profile

22070 Palo Way Palo Cedro, CA 96073

FOR SALE
Office Spaces
Property ID
US10-2594764
5,461 SF 0.4 ac lot Built 1995
Individually Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property in Palo Cedro, CA, offers 5,460 square feet across two buildings on a 0.4-acre lot. Building #1, a 2,950-square-foot single-story structure, features an open retail/office space with a private office, kitchenette, and bathroom. Fresh paint and new flooring enhance this versatile area. Building #2, a 2,500-square-foot two-story building, includes a 1,450-square-foot warehouse with an 8x8 roll-up door and a bathroom. The upstairs area (1,050 sq ft) boasts two private offices, a large multi-functional area, and two bathrooms, all recently updated. The property benefits from six electric meters, allowing for efficient division into multiple units. Located less than a mile from Highway 44, it enjoys convenient access to local amenities, including restaurants, banks, and schools. The C2 zoning permits multiple operations, making this a rare and highly desirable investment opportunity in a thriving community. Built in 1992 and renovated in 2024, this property presents a compelling blend of established infrastructure and modern updates. The asking price is $680,000, with a price per square foot of $124.54. The property includes 17,424 square feet of land and features central heating and air conditioning in both buildings.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1995
Construction WOOD
Total area 5,461 SF
Lot 0.4 ac (17,424 SF)
Zoning code C-2
APN 059-110-042-000
UPID US10-2594764

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer
  • Pet Store Pet Store & Service

Location

22070 Palo Way Palo Cedro, CA 96073
Palo Cedro metro Census 11900 REDDING, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$578k
Blend (final) Blend
$270k

Owner & transaction history

since 2018
7 recorded transactions
2021
Price N/A
2018
Price N/A
2016
$517,000
2012
Price N/A
2008
$577,500
2007
$210,000
2004
$415,000

Zoning & alternative use

C-2 · Palo Cedro, CA
Top alternative use upside
Restaurant $910,000 +33.6%
Medical building $790,000 +16.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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