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    Property profile & analytics

    3375 Placer St Redding, CA 96001-2364

    • Retail space
    • 22,895 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimations
    $2,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2485036
    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.

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store / Printing Service
    • CVS Pharmacy / Pharmacy
    • CDReload - Online Bitcoin ATM / Currency Exchange Service / Money Transfer Service
    • UPS Access Point location / Courier Service / Postal Service
    • Primo Water Refill / Big Box & Wholesale Store

    Property Details for 3375 Placer St

    Year built
    1999
    Lot size
    1.90 lot acres
    Property size
    22,895 SF
    Property type
    Retail space
    APN
    104-040-039-000
    APU
    104040039000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,631,000
      Market price range: $535k - $1.68M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,850,000
      Current use
      RESTAURANT
      $3,810,000
      Change: +34% Conversion: Easy
      MEDICAL BUILDING
      $3,245,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,670,000
      Change: -6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,540,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.416
    Latitude
    40.5734
    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
    $34,581
    $993,951
    $2,271,902
    $3,265,853
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.42 Acres

      2629 Market St

      RETAIL STORES (PERSONAL SERVICES) • 0.42 Acres
      2629 Market St, Redding, CA 96001-3220
      View Details
    • Value Estimation by Request
      2.61 Acres

      6424 Westside Rd

      RETAIL STORES (PERSONAL SERVICES) • 2.61 Acres
      6424 Westside Rd, Redding, CA 96001-4833
      View Details
    • Value Estimation
      $750,000
      5,400 SF

      3251 Market St

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      3251 Market St, Redding, CA 96001-3531
      View Details
    • Value Estimation
      $605,000
      17,205 SF

      1712 California St

      RETAIL STORES (PERSONAL SERVICES) • 17,205 SF
      1712 California St, Redding, CA 96001-1905
      View Details
    • Value Estimation by Request
      0.30 Acres

      2229 El Reno Ln

      RETAIL STORES (PERSONAL SERVICES) • 0.30 Acres
      2229 El Reno Ln, Redding, CA 96001-3719
      View Details
    • Value Estimation
      $1,905,000
      17,100 SF

      2325 Athens Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,100 SF
      2325 Athens Ave, Redding, CA 96001-2818
      View Details

    Similar Nearby for Sale

    • $399,900
      4,465 SF

      Redding Retail Building For Sale

      Retail building with high visibility and traffic count in Redding.
      6271 Eastside Rd, Redding, CA 96001
      View Details
    • Contact for pricing

      Redding Retail Center For Sale

      Community retail center with strong traffic and easy access.
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    • $525,000
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      Commercial building with open display area, offices, and parking.
      2420 Athens Ave, Redding, CA 96001
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    • Contact for pricing
      500 SF

      Established Dutch Bros Investment Opportunity

      Single-tenant net-leased Dutch Bros in Redding, CA for sale.
      3025 S Market St, Redding, CA 96001
      View Details
    • $240,000
      3.00 Acres

      Redding Land in Grant District

      3-acre lot in prestigious Grant School District, Redding, CA.
      3 Silver King Rd, Redding, CA 96001
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    • Contact for pricing

      Redding Commercial Lot - Eastside Rd

      Prime Redding commercial land, high development potential.
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    Similar Nearby for Lease

    • Contact for pricing
      43,672 SF

      Redding Retail/Showroom Space Available

      Up to 43,672 SF available for lease in Redding, CA.
      2340 Athens Ave, Redding, CA 96001
      View Details
    • $0.65 SF/Yr

      Park Marina Plaza Anchor Space

      10,236 SF space for office, medical, or retail.
      1878 Park Marina Dr, Redding, CA 96001
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    • Contact for pricing
      21,543 SF

      Redding Market Center Retail Space

      Downtown Redding retail space, 1,150 sq ft available.
      1551 Market St, Redding, CA 96001
      View Details
    • $1.15 SF/Yr

      Redding Retail Space For Lease

      Prime location with high visibility and ample parking.
      1812 Park Marina Dr, Redding, CA 96001
      View Details
    • $1.65 SF/Yr
      2,810 SF

      Downtown Redding Retail Space Available

      Prime retail location with open floor plan and ample parking.
      1420-1490 Butte St, Redding, CA 96001
      View Details
    • Contact for pricing
      87,255 SF

      3455 Placer St

      Neighborhood centers • 87,255 SF
      3455 Placer St, Redding, CA 96001
      View Details

    Property Visit Statistics

    • Visits by month
      345
    • Visitors by month
      582
    • Avg Time on site
      33 min
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    Redding, CA 96001-2364
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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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