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Property profile & analytics
OFF-MARKET
Estimated value
$4,720,000
Office Spaces
2400 Washington Ave Redding, CA 96001-2802
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US10-2975019
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1977
Construction
STEEL FRAME
Total area
26,896 SF
Lot
3.2 ac (139,392 SF)
APN
102-190-012-000
UPID
US10-2975019
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
-
Hard Money Lenders Redding CA Loan Service Bank
-
Deborah L. Redden, PT Medical Clinic
-
James L. Mathis, MA Marriage Or Relationship Counselor
-
Farmers Insurance - Effie Lightsey Insurance Agency
-
Farmers Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.65M
Comparable Approach
Comparable
$4.80M
Blend (final)
Blend
$4.72M
Owner & transaction history
Valley Catholic Socia Northern · 21 yrs held
Valley Catholic Socia Northern
since 2004
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+42.6%
Medical building
$3.8M
+21.6%
Retail stores
$3.3M
+6.6%
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%
$5,030,000
6.5%
$4,645,000
7%
$4,310,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,135,000
Current use
RESTAURANT
$4,475,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$3,815,000
Change: +22% · Conversion: Easy
RETAIL STORES
$3,345,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,980,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$4.72M
Range $4.25M – $5.19M · ±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
$175 / 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
$27,440
Tax year 2024
Assessed value
$6,072,790
Assessed 2024
Previous assessed
$6,072,790
+0.0% YoY
Effective rate
0.45%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$5,072,790
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
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Units
2
Total area
26,896 SF
Lot
3.2 ac (139,392 SF)
APN
102-190-012-000
UPID
US10-2975019
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
$3.1M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.8M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1977
Construction
STEEL FRAME
Heating
NONE
Units
2
Lot
3.2 ac
Current owner
From public records · entity-resolved
Valley Catholic Socia Northern
Individual
Mailing address
2400 WASHINGTON AVE, REDDING, CA 96001-2802
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Aug 6, 2004
—
Valley Catholic Socia Northern
Catholic Charities Of Sacramen
Quit Claim Deed
related
—
Feb 18, 2004
$4,852,000
Catholic Charities Of Sacramen
Crider Farms LP
Grant Deed
$4,695,700 · North Valley Bank
Nov 2, 1998
—
May Properties
May Redding LP
Quit Claim Deed
related
—
Nov 26, 1997
$2,250,000
Farms LP Crider
Shasta Associates LP
Grant Deed
—
—
—
Farms LP Crider
—
Deed Of Trust
related
$132,973 · Safe-bidco
—
—
Shasta Associates Ltd
—
Deed Of Trust
related
$50,000 · Individual
—
—
Shasta Associates Ltd
—
Deed Of Trust
related
$39,891 · Pacific Real Estate Investment
—
—
Shasta Associates Ltd
—
Deed Of Trust
related
$100,000 · Individual
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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