415 Knollcrest Dr Redding, CA 96002
Property profile & analytics
415 Knollcrest Dr Redding, CA 96002
- Office properties & Spaces
- 15,132 SF
- 0.97 lot acres
Property ID
US09-0525044
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.
Location Intelligence
Current Use by Public Records
- Heather Stokes / Consultant / Mortgage Lender
- Associa Northern California / Property Management Company
- Windermere Real Estate / Real Estate Agency
- VITEK Mortgage Group / Loan Service / Bank
- Heather Parker / Loan Service / Bank
Property Details for 415 Knollcrest Dr
- Year built
- 1988
- Lot size
- 0.97 lot acres
- Property size
- 15,132 SF
- Property type
- Office properties & Spaces
- APN
- 107-370-029-000
- APU
- 107370029000
Description
This exceptional investment opportunity presents a 15,132 square-foot office building situated in Redding, California's prestigious Redcliff Business Park. The property boasts 100% occupancy with three separate tenants, ensuring a diversified income stream. Suite 100's lease extends to March 2028, with two three-year renewal options. Suite 130 is leased until September 2027, with a single three-year option. Finally, Suite 140B's lease runs through January 2028, including a five-year renewal option. The current annual gross income for 2024 is projected at $263,105, resulting in a cap rate of just under 6.95% with stabilized expenses. Priced at $175 per square foot, this property offers significant value, well below replacement cost and comparable sales in the Redding market. The current rental rates are considered below market, presenting a substantial opportunity for future income growth. Ample parking is provided with 52 spaces, a generous ratio of three spaces per 1,000 square feet. This fully leased asset represents a compelling investment opportunity with strong cash flow and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,618,000
- AI Estimate
- $1,595,000
Market price range: $1.22M - $2.28MMarket price range: $641k - $2.40M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,635,000 Current use
- RESTAURANT
- $2,515,000 Change: +54% Conversion: Difficult
- RETAIL STORES
- $2,420,000 Change: +48% Conversion: Easy
- MEDICAL BUILDING
- $2,245,000 Change: +38% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,680,000 Change: +3% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,365,000 Change: -16% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Redding
- County
- Shasta
- State
- California
- Longitude
- -122.365
- Latitude
- 40.5725
- 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
$20,925
$455,130
$1,427,974
$1,883,104
-
$0.00
$0.00
$0.00
