Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3612 Thunderbird Dr Redding, CA 96002-9002
    Property profile & analytics

    3612 Thunderbird Dr, Redding, CA 96002-9002

    View on Map
    • Warehouses
    • 1.54 lot acres
    Off-Market
    Property ID
    US10-3265526
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Airport Park Storage / Storage Facility

    Property Details for 3612 Thunderbird Dr

    Lot size
    1.54 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    056-010-026-000
    APU
    56010026000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2016 — Aps LLC — Deed · related $310k · Cornerstone Community Bank
    Apr 27, 2015 — Aps LLC Airport Park Storage LLC Grant Deed —
    Apr 11, 2011 — Airport Park Storage LLC Monthei,leslie D Grant Deed —
    Oct 7, 2010 — Glenn E Monthei Monthei,paula Quit Claim Deed · related —
    Oct 7, 2010 $700,000 Leslie D Monthei Monthei,glenn E Grant Deed · related $360k · Plumas Bank
    Jun 4, 2010 — Glenn E Monthei Mem LP Grant Deed —
    Jun 9, 2004 $925,000 M A LP Eagle,tr Grant Deed —
    May 17, 2004 — Hamblin,tr Martin,robert J Grant Deed · related —
    Nov 6, 2001 — Robert J Martin Martin,linda D Quit Claim Deed · related —
    — — Ma — Deed Of Trust · related $250k · Tri Counties Bank
    — — Robert J Martin — Deed Of Trust · related $420k · Riley Trust
    — — Robert J Martin — Deed Of Trust · related $200k · Tri Counties Bank
    — — Robert J Martin — Deed Of Trust · related $430k · Tri Counties Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.305
    Latitude
    40.5033
    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
    $9,544
    $157,002
    $722,225
    $879,227
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $705,000
      29,800 SF

      8837 Airport Rd

      MINI-WAREHOUSE, STORAGE
      8837 Airport Rd, Redding, CA 96002-9249
      View Details
    • Value Estimation by Request
      2,200 SF

      1640 Cypress Ave

      MINI-WAREHOUSE, STORAGE
      1640 Cypress Ave, Redding, CA 96002-1358
      View Details
    • Value Estimation by Request
      5.23 Acres

      2615 Larkspur Ln

      MINI-WAREHOUSE, STORAGE
      2615 Larkspur Ln, Redding, CA 96002-1017
      View Details
    • Value Estimation by Request
      1.12 Acres

      2930 Alfreda Way

      MINI-WAREHOUSE, STORAGE
      2930 Alfreda Way, Redding, CA 96002-1245
      View Details
    • Value Estimation by Request
      2.99 Acres

      1222 Hartnell Ave

      MINI-WAREHOUSE, STORAGE
      1222 Hartnell Ave, Redding, CA 96002-2292
      View Details
    • Value Estimation by Request
      9.25 Acres

      5525 Airport Rd

      MINI-WAREHOUSE, STORAGE
      5525 Airport Rd, Redding, CA 96002-9851
      View Details

    Similar Nearby for Sale

    • $549,900
      3,200 SF

      Redding Commercial Opportunity For Sale

      Two-building commercial property with multiple use potential in Redding, CA.
      2418 Victor Ave, Redding, CA 96002
      View Details
    • $1,750,000
      29.01 Acres

      Prime Redding Commercial Land Parcel

      29-acre commercial land in Stillwater Business Park, Redding, CA.
      5255 Venture Pkwy, Redding, CA 96002
      View Details
    • $650,000
      5.20 Acres

      Redding Industrial Land Opportunity

      5.2 acre industrial-zoned land with development potential in Redding.
      8743 Airport Rd, Redding, CA 96002
      View Details
    • $1,000,000
      1.42 Acres

      Commercial Land in Redding, CA

      1.42 acres of prime commercial/industrial land for sale.
      Aviation Dr, Redding, CA 96002
      View Details
    • $150,000
      0.33 Acres

      Redding Land For Sale

      Vacant land suitable for multi-family residential development.
      3178 Lawrence Rd, Redding, CA 96002
      View Details
    • Contact for pricing
      8,231 SF

      Redding Commercial Land For Sale

      Commercial land in Cobblestone Business Park, Redding. Site improvements complete.
      364 Hartnell Ave, Redding, CA 96002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,000 SF

      Redding Warehouse with Fenced Yard

      14,000 SF warehouse with drive-through access in Redding, CA.
      860 Commerce St, Redding, CA 96002
      View Details
    • Contact for pricing
      900 SF

      Redding Commercial Space For Rent

      Multi-tenant industrial building with retail and office configurations available.
      1666 E Cypress Ave, Redding, CA 96002
      View Details
    • Contact for pricing

      Freestanding Office Building on Corner

      1,200 SF freestanding office building with high visibility.
      6654 Airport Rd, Redding, CA 96002
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Redding, California.
      2800 Rancho Rd, Redding, CA 96002
      View Details
    • Contact for pricing
      16,208 SF

      Redding Retail Building with Drive-Thru

      Former Rite Aid retail building with drive-thru and parking.
      975 E Cypress Ave, Redding, CA 96002
      View Details
    • New
      Contact for pricing

      Retail Storefront in Shopping Center

      Storefront space at Enterprise Shopping Center with established neighboring retailers and restaurant operators.
      2920 Churn Creek Rd, Redding, CA 96002
      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.
    3612 Thunderbird Dr
    Redding, CA 96002-9002
    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

    Thank You for Inquiry
    3612 Thunderbird Dr, Redding, CA, 96002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!