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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Auto shops
2428 Victor Ave Redding, CA 96002-0845
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1106214
Property summary
AI-generated overview
This exceptional commercial property, located at 2428 Victor Ave, Redding, CA 96002, presents a lucrative investment opportunity. The 3,840 square foot building sits on a 0.8-acre lot (two parcels, APN 067-080-056 & 067-080-057) and features four separately metered units, each equipped with roll-up doors, heaters, and coolers. The property boasts six roll-up doors in total, providing ample access and flexibility. A gated entry and complete fencing enhance security. An additional half-acre parcel, accessible via an easement off Victor Avenue, offers potential for future development and currently serves as outdoor storage and overflow parking for the 14 available parking spaces. The building is currently 100% occupied under a modified lease with approximately 0.9 years remaining (Lease Expiration: 10/31/2025
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1965
Total area
3,840 SF
Lot
0.3 ac (12,910 SF)
APN
067-080-056-000
UPID
US09-1106214
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
-
Pro Garage Doors Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Cassandra Soars · 1 yrs held
Cassandra Soars
since 2025
Last sale
$590,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$615,000
+44.1%
Medical building
$570,000
+33.8%
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
$665,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$425,000
Current use
RETAIL STORES
$615,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$570,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$415,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $590k (Jan 6 2025)
Last sale anchor
$590k
Jan 6 2025
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
$156 / 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
$3,507
Tax year 2024
Assessed value
$312,364
Assessed 2024
Previous assessed
$312,364
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$127,783
Assessed improvement
$184,581
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Units
1
Total area
3,840 SF
Lot
0.3 ac (12,910 SF)
APN
067-080-056-000
UPID
US09-1106214
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
AUTO REPAIR, GARAGE Current
Est. value
$425,000
RETAIL STORES
Est. value
$615,000
MEDICAL BUILDING
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$415,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (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
1965
Heating
NONE
Stories
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Cassandra Soars
Individual
Mailing address
2801 NE 45TH ST, VANCOUVER, WA 98663-2100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
$590,000
Cassandra Soars
Kenneth R Prescott
Grant Deed
$300,000 · Plumas Bank
Mar 23, 2023
—
Kenneth R Prescott
Kenneth R Prescott
Intrafamily Transfer
related
—
Jul 14, 2020
—
Keeler-prescott Family Trust
Kenneth R Prescott
Quit Claim Deed
related
—
Nov 6, 2002
$220,000
Kenneth R Prescott
Philpot,charles & Susan
Grant Deed
$154,000 · Us Bank NA
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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