Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2662 Edith Ave Redding, CA 96001-3043
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2662 Edith Ave Redding, CA 96001-3043

    View on Map
    • Medical Office Space
    • 4,345 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US09-1595384
    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.
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Troy Miles / Physician
    • Michael S. Mikulecky, MD / Physician
    • O'Brien Michael w MD / Physician / Medical Clinic
    • Gary Hartland / Physician
    • Dr. Matthew K. Paul, MD / Physician

    Property Details for 2662 Edith Ave

    Year built
    1982
    Lot size
    0.23 lot acres
    Property size
    4,345 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    104-400-060-000
    APU
    104400060000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $765,000
      6.5%
      $705,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $838,000
      Market price range: $342k - $838k
      AI Estimate
      $659,000
      Market price range: $222k - $660k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $615,000
      Current use
      RETAIL STORES
      $540,000
      Change: -12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $505,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.398
    Latitude
    40.5706
    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
    $15,825
    $241,453
    $1,267,641
    $1,509,094
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.02 Acres

      1832 Buenaventura Blvd

      DENTAL BUILDING • 1.02 Acres
      1832 Buenaventura Blvd, Redding, CA 96001-3828
      View Details
    • Value Estimation by Request
      2,130 SF

      1000 Placer St

      DENTAL BUILDING • 2,130 SF
      1000 Placer St, Redding, CA 96001-1124
      View Details
    • Value Estimation
      $1,190,000
      12,811 SF

      1145 Whiskeytown Ct

      DENTAL BUILDING • 12,811 SF
      1145 Whiskeytown Ct, Redding, CA 96001-0227
      View Details
    • Value Estimation
      $780,000
      5,320 SF

      2102 Civic Ctr Dr

      DENTAL BUILDING • 5,320 SF
      2102 Civic Ctr Dr, Redding, CA 96001-2704
      View Details
    • Value Estimation by Request
      1,825 SF

      1310 Continental St

      DENTAL BUILDING • 1,825 SF
      1310 Continental St, Redding, CA 96001-0839
      View Details
    • Value Estimation
      $935,000
      6,597 SF

      1755 Ct St

      DENTAL BUILDING • 6,597 SF
      1755 Ct St, Redding, CA 96001-1721
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,244 SF

      West Redding Standalone Building

      5,244 SF building suitable for medical or professional office.
      2321 Court St, Redding, CA 96001
      View Details
    • $825,000

      West Redding Standalone Building

      Versatile 5,244 SF building suitable for medical or office use.
      2321 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
    • Contact for pricing

      Redding Commercial Land For Sale

      Commercial property in West Redding suitable for office or medical development.
      1600 Buenaventura 1600 Blvd, Redding, CA 96001
      View Details
    • $675,000
      4,626 SF

      Historic Victorian Office Building

      Restored Victorian office building in downtown Redding with strong cashflow.
      1452 Oregon St, Redding, CA 96001
      View Details
    • Contact for pricing
      4,626 SF

      Historic James McCormick House

      Historic Redding building, former McCormick-Saeltzer Co. co-owner's residence.
      1452 Oregon St, Redding, CA 96001
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      1,400 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
    • $1.67 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
    • 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
    • $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
      View Details
    • Contact for pricing

      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

      Redding Upstairs Office Space Available

      Office space in Cypress Square Shopping Center, utilities included.
      2455 Athens Ave, Redding, CA 96001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2662 Edith Ave
    Redding, CA 96001-3043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!