Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3615 Mdw Vw Dr Redding, CA 96002-9715
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3615 Mdw Vw Dr Redding, CA 96002-9715

    View on Map
    • Office properties & Spaces
    • 2,800 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Oct 2, 2024
    $400,000
    Property ID
    US09-1024473
    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

    • Pre Employ / Employment Agency / Business Service Center

    Property Details for 3615 Mdw Vw Dr

    Year built
    1989
    Lot size
    0.28 lot acres
    Property size
    2,800 SF
    Property type
    Office properties & Spaces
    APN
    056-590-024-000
    APU
    56590024000

    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
    40.4982
    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
    $4,128
    $79,647
    $296,898
    $376,545
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.49 Acres

      434 Redcliff Dr

      OFFICE (GENERAL) • 0.49 Acres
      434 Redcliff Dr, Redding, CA 96002-0146
      View Details
    • Value Estimation by Request
      0.63 Acres

      2691 Larkspur Ln

      OFFICE (GENERAL) • 0.63 Acres
      2691 Larkspur Ln, Redding, CA 96002-1017
      View Details
    • Value Estimation by Request
      1.30 Acres

      3609 Bechelli Ln

      OFFICE (GENERAL) • 1.30 Acres
      3609 Bechelli Ln, Redding, CA 96002-2453
      View Details
    • Value Estimation
      $13,025,000
      81,800 SF

      4700 Bechelli Ln

      OFFICE (GENERAL) • 81,800 SF
      4700 Bechelli Ln, Redding, CA 96002-3506
      View Details
    • Value Estimation by Request
      0.16 Acres

      687 Iris Dr

      OFFICE (GENERAL) • 0.16 Acres
      687 Iris Dr, Redding, CA 96002
      View Details
    • Value Estimation
      $1,575,000
      15,132 SF

      415 Knollcrest Dr

      OFFICE (GENERAL) • 15,132 SF
      415 Knollcrest Dr, Redding, CA 96002-0129
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      81,000 SF

      Prime Commercial Land For Sale

      Land with high visibility, ideal for medical or commercial uses.
      415 Hartnell Ave, Redding, CA 96002
      View Details
    • Contact for pricing

      Redding Commercial Parcels For Sale

      Two commercial parcels in Redcliff Business Park, Redding, California.
      407 Knollcrest Dr, Redding, CA 96002
      View Details
    • $329,000
      1,072 SF

      Professional Office Building in Redding

      Professional office building with flexible layout and convenient parking.
      2690 Victor Ave, Redding, CA 96002
      View Details
    • Contact for pricing
      29,632 SF

      Redding Professional Office Building For Sale

      Two-story Class A office building in Redding's commercial corridor.
      2195 Larkspur Ln, Redding, CA 96002
      View Details
    • Contact for pricing
      15,132 SF

      Redding Multi-Tenant Investment Property

      Fully leased office building in Redcliff Business Park.
      415 Knollcrest Dr, Redding, CA 96002
      View Details
    • $175,000
      1,000 SF

      Renovated Zen-Inspired Office/Salon Space

      Turnkey 1,000 sq ft office/salon in Redding's Mission Square.
      2785 Bechelli Ln, Redding, CA 96002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Redding Two-Story Commercial Property

      Two-story commercial property with high visibility and ample parking.
      185 Hartnell Ave, Redding, CA 96002
      View Details
    • $5,300 /Mo
      3,845 SF

      Redding Office Suites For Rent

      Professional office suites with high-end finishes and excellent visibility.
      2608 Victor Ave, Redding, CA 96002
      View Details
    • $985 /Mo
      5,952 SF

      Redding Office Space For Lease

      2976 SF office space with flexible leasing options.
      804 E Cypress Ave, Redding, CA 96002
      View Details
    • $1.25 SF/Yr

      Freestanding Office Building in Redding

      Freestanding office building with functional layout and I-5 access.
      2665 Bechelli Ln, Redding, CA 96002
      View Details
    • Contact for pricing
      950 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
    • $1,312 /Mo
      1,436 SF

      Bright Office Suite with Flexibility

      Polished office suite with natural light and team-friendly flexibility.
      5800 Airport 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.
    3615 Mdw Vw Dr
    Redding, CA 96002-9715
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!