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    Property profile & analytics

    2449 Court St Redding, CA 96001

    • Medical offices
    • 0.21 lot acres
    For Sale
    View listing
    $785,000
    Last Sale
    Nov 13, 2023
    $753,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2240740
    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.

    Current Use by Public Records

    • Suzanne Cresswell / Physical Therapist / Occupational Therapist
    • Virginia Bacciarini / Physical Therapist

    Property Details for 2449 Court St

    Lot size
    0.21 lot acres
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    104-180-053-000
    APU
    104180053000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $655,000
      ML approach
      $680,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.392
    Latitude
    40.5737
    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
    $5,910
    $190,000
    $368,000
    $558,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $310,000
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      1836 Gold St

      DENTAL BUILDING • 0.88 Acres
      1836 Gold St, Redding, CA 96001-1817
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    • Value Estimation
      $270,000
      5,297 SF

      2410 Sonoma St

      DENTAL BUILDING • 5,297 SF
      2410 Sonoma St, Redding, CA 96001-3029
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    • Value Estimation
      $405,000
      15,000 SF

      1355 Ee St

      DENTAL BUILDING • 15,000 SF
      1355 Ee St, Redding, CA 96001-0801
      View Details
    • Value Estimation by Request
      3,640 SF

      1755 Ee St

      DENTAL BUILDING • 3,640 SF
      1755 Ee St, Redding, CA 96001-1106
      View Details
    • Value Estimation by Request
      4.20 Acres

      2510 Airpark Dr

      DENTAL BUILDING • 4.20 Acres
      2510 Airpark Dr, Redding, CA 96001-2449
      View Details

    Similar Nearby for Sale

    • $875,000
      5,329 SF

      West Redding Office Building

      5,329 SF Medical/Office Building
      2321 Court St, Redding, CA 96001
      View Details
    • $1,500,000
      4,473 SF

      Medical Office Building Near Hospital

      Modern medical office with efficient layout near hospital.
      1842 Buenaventura Blvd, Redding, CA 96001
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    • $785,000
      3,168 SF

      Redding Medical Office Building For Sale

      Multi-use medical building near Mercy Medical Center, ready for occupancy.
      2449 Court St, Redding, CA 96001
      View Details
    • $2,895,000
      12,767 SF

      Redding Medical Office Building

      Medical office building with income and expansion potential in Redding.
      1145 Whiskeytown Ct, Redding, CA 96001
      View Details
    • $825,000
      5,329 SF

      West Redding Standalone Building

      Versatile 5,244 SF building suitable for medical or office use.
      2321 Court St, Redding, CA 96001
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    • $525,000
      Pending

      Redding Commercial Building For Sale

      Commercial building with open display area, offices, and parking.
      2420 Athens Ave, Redding, CA 96001
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      13,352 SF

      Redding Medical Office Space

      Class A medical office suites, ample parking.
      1335 Buenaventura Blvd, Redding, CA 96001
      View Details
    • $0.95 SF/Yr
      3,508 SF

      Redding Retail/Office/Medical Space Available

      Versatile 3,508 SF space in Village Plaza Shopping Center.
      2325 Athens Ave, Redding, CA 96001
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    • $1.50 SF/Yr
      6,237 SF

      Freestanding Office Building in Redding

      West Redding office building with flexible design and secure parking.
      2036 Railroad Ave, Redding, CA 96001
      View Details
    • Contact for pricing
      3,905 SF

      Professional Office Building For Rent

      Professional office building with excellent exposure in West Redding, CA.
      3652 Eureka Way, Redding, CA 96001
      View Details
    • $1.45 SF/Yr
      2,344 SF

      Redding Office Space for Lease

      Commercial office building with suites suitable for medical or professional use.
      2701 Old Eureka Way, Redding, CA 96001
      View Details
    • $1,500 /Mo
      540 SF

      Executive Office or Medical Space

      Second floor office/medical space with natural light and private restroom.
      2110 Railroad Ave, Redding, CA 96001
      View Details
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    2449 Court St
    Redding, CA 96001
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    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
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