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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Investment properties
358 Hartnell Ave Redding, CA 96002-1878
Entity Owned
18-yr Hold
Free & Clear
Property ID
US10-3057168
Property summary
AI-generated overview
This exceptional Class A executive office suite, located at 358 Hartnell Ave, Redding, CA 96002, offers 3,400+ square feet of prime commercial space. Situated in the prestigious Cobblestone Business Park, this suite boasts a highly visible location along Hartnell Avenue, providing excellent signage opportunities. The suite features a private entrance, a grand reception area, multiple private offices, a well-appointed kitchen, and a dedicated production area. High-end finishes throughout, including side-lite windows in each office, create a sophisticated and professional atmosphere. The property is zoned as Planned Development District (APN: 107-600-027-540) and is conveniently located in Shasta County, offering easy access to the greater Redding area. This is a rare opportunity to secure a truly exceptional office space in a thriving business park. The building's total square footage is 8,231 square feet, though this suite is the only space currently available for lease. There are no elevators in the building. A virtual tour is available online. This suite is perfect for businesses seeking a prominent and professional presence in Redding.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Total area
8,243 SF
Lot
0.19 ac (8,174 SF)
APN
107-600-027-560
UPID
US10-3057168
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
Current use
Occupant on record · Public records
-
Shasta Land Services, Inc. Real Estate Agency
-
Five Star Bank Redding Bank Loan Service
-
Lehmann & Associates Consulting Consultant Legal Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.33M
Owner & transaction history
Rck Hartnell Project LLC · 18 yrs held
Rck Hartnell Project LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+54.1%
Retail stores
$1.3M
+48.1%
Medical building
$1.2M
+37.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Redding submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redding submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,425,000
7%
$1,320,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$890,000
Current use
RESTAURANT
$1,370,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$1,315,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$1,225,000
Change: +38% · Conversion: Easy
AUTO REPAIR, GARAGE
$915,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$161 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$18,420
Tax year 2024
Assessed value
$1,676,525
Assessed 2024
Previous assessed
$1,676,525
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$627,005
Assessed improvement
$1,049,520
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Total area
8,243 SF
Lot
0.19 ac (8,174 SF)
APN
107-600-027-560
UPID
US10-3057168
Jurisdiction
SHASTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$890,000
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$915,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Lot
0.19 ac
Current owner
From public records · entity-resolved
Rck Hartnell Project LLC
Entity
Free & Clear · 18 yrs held
Mailing address
358 HARTNELL AVE STE A, REDDING, CA 96002-1878
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2020
—
Rck Hartnell Project LLC
—
Deed
related
$1,350,000 · Cornerstone Community Bank
Apr 25, 2008
—
Rck Hartnell Project LLC
Chc Dev LLC
Grant Deed
—
Dec 21, 2006
—
Chc Dev LLC
Hartnell Land LLC
Grant Deed
$1,612,500 · Redding Bank Of Commerce
Jul 30, 2004
—
Hartnell Land LLC
—
Grant Deed
related
$3,500,000 · Redding Bank Of Commerce
Feb 26, 2004
—
Hartnell Land LLC
Hartnell Land LLC
Quit Claim Deed
related
—
Nov 15, 2002
$730,000
Hartnell Land LLC
Alleghany Properties INC
Grant Deed
$510,000 · Mid Valley Bank
Oct 31, 1994
—
Alleghany Properties INC
Sacramento Savings Bank
Quit Claim Deed
related
—
Feb 18, 1994
$676,036
Sacramento Savings Bank
Central Valley S
Grant Deed
related
—
—
—
Rck Hartnell Project LLC
—
Deed Of Trust
related
$1,000,000 · Five Star Bank
—
—
Rck Hartnell Land Project LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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