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    2701 Old Eureka Way Redding, CA 96001
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    2701 Old Eureka Way Redding, CA 96001

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    • Office properties & Spaces
    • 32,239 SF
    • 2.52 lot acres
    For Lease
    $1.67 SF/Yr
    View Listing →
    Redding Office Space for Lease For Lease
    $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
    View Listing
    Property ID
    US09-0989836
    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
    $3,035,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Gary D. Howland, DDS / Dental Office
    • Lozano Smith / Law Firm
    • Muna Omar / Physician
    • Dr. Jeffrey B. Krahling, MD / Physician / Medical Clinic
    • Elevated Health - Redding / Medical Clinic

    Property Details for 2701 Old Eureka Way

    Year built
    1995
    Lot size
    2.52 lot acres
    Property size
    32,239 SF
    Property type
    Office properties & Spaces
    APN
    103-290-039-000
    APU
    103290039000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,870,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,994,000
      Market price range: $2.19M - $5.75M
      AI Estimate
      $2,860,000
      Market price range: $1.28M - $5.65M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,760,000
      Current use
      MEDICAL BUILDING
      $4,570,000
      Change: +22% Conversion: Easy
      RETAIL STORES
      $4,010,000
      Change: +7% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,575,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.41
    Latitude
    40.5852
    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
    $35,046
    $780,300
    $2,491,758
    $3,272,058
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,248 SF

      1242 Oregon St

      OFFICE (GENERAL) • 1,248 SF
      1242 Oregon St, Redding, CA 96001-0451
      View Details
    • Value Estimation
      $3,710,000
      40,441 SF

      760 Cypress Ave

      OFFICE (GENERAL) • 40,441 SF
      760 Cypress Ave, Redding, CA 96001-2732
      View Details
    • Value Estimation by Request
      0.19 Acres

      2536 Old Eureka Way

      OFFICE (GENERAL) • 0.19 Acres
      2536 Old Eureka Way, Redding, CA 96001-0378
      View Details
    • Value Estimation by Request
      1.70 Acres

      5675 Cedars Rd

      Land • 1.70 Acres
      5675 Cedars Rd, Redding, CA 96001
      View Details
    • Value Estimation by Request
      1.41 Acres

      2851 Park Marina Dr

      OFFICE (GENERAL) • 1.41 Acres
      2851 Park Marina Dr, Redding, CA 96001-2824
      View Details
    • Value Estimation by Request
      1,786 SF

      2115 Eureka Way

      OFFICE (GENERAL) • 1,786 SF
      2115 Eureka Way, Redding, CA 96001-0428
      View Details

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      Historic Victorian Office Building

      Restored Victorian office building in downtown Redding with strong cashflow.
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      West Redding Standalone Building

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      Redding Medical Office Building

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      Redding Office/Retail Building For Sale

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    • Contact for pricing

      Redding Commercial Land For Sale

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    Similar Nearby for Lease

    • Contact for pricing

      Redding Upstairs Office Space Available

      Office space in Cypress Square Shopping Center, utilities included.
      2455 Athens Ave, Redding, CA 96001
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      Downtown Redding Retail/Office/Restaurant Spaces

      New retail, restaurant, and office spaces in downtown Redding.
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      Downtown Redding Professional Office Space

      Newly renovated office building in downtown Redding available June 2025.
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      View Details
    • $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

      Redding Office Space with Views

      Office space for rent near I-5 with Sacramento River views.
      3951 S Bonnyview Rd, Redding, CA 96001
      View Details
    View Listing
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    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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