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Property profile & analytics
OFF-MARKET Estimated value $9,450,000
Medical Office Space

2450 Sister Mary Columba Dr Red Bluff, CA 96080-4356

2.21 ac lot
Entity Owned ~ Est. High Equity
Property ID
US09-1976488
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, Class B medical office building situated on a 2.21-acre lot in Red Bluff, California. The 35,085 square foot, two-story building, constructed in 2004 and extensively renovated in 2012, boasts 98 parking spaces and prime I-5 frontage. Currently housing two tenants under a net lease agreement with credit-rated tenants, this property enjoys 100% occupancy. The Lassen Medical Clinic, a Federally Qualified Rural Health Center and California 1206d Provider-Based clinic, serves approximately 70,000 active patients, making it one of the largest clinics north of Sacramento. Its strategic location within the Saint Elizabeth Community Hospital campus ensures high visibility and accessibility. The property's strong tenant history, coupled with the substantial patient volume and the building's excellent condition, makes this a highly desirable investment with a 7.50% cap rate and an asking price of $9,620,000. An adjacent 5.9-acre parcel with freeway frontage is also available for potential expansion. This is a rare opportunity to acquire a stable, high-performing medical office building in a thriving community. The property is located at 2450 Sister Mary Columba, Red Bluff, CA 96080, in Tehama County.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Lot 2.21 ac (96,267 SF)
Zoning code C-3
APN 035-070-072-000
UPID US09-1976488
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.45M
Owner & transaction history
Pmba Concepts LLC
Pmba Concepts LLC
since 2025
Last sale
$9.5M
3 recorded transactions
2025
$9.5M
2021
Price N/A
2004
Price N/A
Zoning & alternative use
C-3 · Red Bluff, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

§ 25.70 C-3, GENERAL COMMERCIAL DISTRICTS. (A) This district classification is intended to be applied where general commercial facilities are necessary for public service and convenience that are designated “C” on the land use diagram of the city general plan. (B) The specific use regulations set out beneath the column titled “C-3” in the chart marked “comme…

Zone name General Commercial
General category COMMERCIAL
Zone area 436.73 ac
Source CHAPTER 25: ZONING
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