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Property profile & analytics
OFF-MARKET Estimated value $980,000
Industrial properties

2495 Progress Dr Redding, CA 96001-3248

7,750 SF 0.49 ac lot Built 2006
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US09-8842752
Property summary
AI-generated overview

This exceptional 7,750 square foot warehouse in Redding, CA, presents a rare opportunity to acquire a fully city and state-approved cannabis cultivation facility. The property is located at 2495 Progress Drive and boasts pre-approved plans, contractor bids, and established key contacts, streamlining the transition to operational status. Significant groundwork has already been completed, including the installation of DPS-paneled rooms and comprehensive electrical upgrades. These upgrades encompass a new switchgear box and electrical panels, representing substantial cost and time savings for the new owner. The property's existing infrastructure significantly reduces the hurdles typically associated with establishing a cultivation operation. Beyond its immediate suitability for cannabis cultivation, this property offers compelling investment potential. Its adaptable design and established infrastructure make it an attractive option for lease, promising a consistent stream of rental income. The property sits on a 0-acre lot and is priced at $1,150,000. This turnkey solution presents a unique opportunity for both experienced cultivators and savvy investors seeking a high-return asset in a thriving market. The property's pre-approved status and completed infrastructure minimize risk and accelerate the path to profitability.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2006
Total area 7,750 SF
Lot 0.49 ac (21,344 SF)
APN 048-110-033-000
UPID US09-8842752
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
$980k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$980k
Owner & transaction history
Beau Lane
Beau Lane
since 2025
Last sale
$980,000
7 recorded transactions
2025
Price N/A
2025
$525,000
2024
$490,000
2024
$980,000
2020
$675,000
2015
$390,000
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.3M +84.2%
Medical building $1.1M +57.1%
Retail stores $965,000 +37.7%
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