Property profile

2900 Cascade Blvd Shasta Lake, CA 96019

OFF-MARKET
Retail properties & Spaces
Property ID
US09-3994723
1,840 SF 0.69 ac lot Built 1961
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 2900 Cascade Blvd in Shasta Lake, CA 96019, presents a unique investment opportunity. The 1,840 square foot building, constructed in 1961 and extensively renovated in 2020, sits on a generous 2/3-acre lot (30,056 sq ft) and boasts highly desirable I-5 freeway frontage, ensuring exceptional visibility and accessibility. The property is zoned for commercial use and features a single-story building. The versatile floor plan includes separate shop areas, perfect for various business types, complemented by a modern office space. Office amenities include a comfortable lobby, air conditioning, and a large bathroom. This owner-user opportunity is currently vacant and ready for immediate occupancy. The property's prime location, combined with its functional design and recent renovations, makes it an ideal choice for businesses seeking a high-traffic location with excellent freeway access. APN: 075-130-041-000.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1961
Total area 1,840 SF
Lot 0.69 ac (30,056 SF)
APN 075-130-041-000
UPID US09-3994723

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Motorcycle Shop

Location

2900 Cascade Blvd Shasta Lake, CA 96019-2221
Shasta Lake metro Census 11701 REDDING, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$125k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2021
Last sale
$148,000
3 recorded transactions
2021
Price N/A
2019
Price N/A
2013
$148,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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