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Property profile & analytics
OFF-MARKET
Estimated value
$1,495,000
Warehouses
515 Sycamore St Red Bluff, CA 96080-3428
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2261425
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
WOOD
Total area
19,520 SF
Lot
1.71 ac (74,671 SF)
Zoning code
M-1
APN
033-061-003-000
UPID
US09-2261425
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Donald Raymond Zahner · 4 yrs held
Donald Raymond Zahner
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
M-1 · Red Bluff, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 25.83 M-1, LIGHT INDUSTRIAL DISTRICTS. (A) It is intended that this district classification be applied to all properties deemed appropriate for lower intensity industrial uses and designated “I” on the land use diagram of the city general plan. (B) The specific use regulations set out beneath the column titled “M-1” in the chart marked “industrial zones an…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
140.60 ac
Source
CHAPTER 25: ZONING
Top alternative use upside
Industrial (general)
$2.3M
+33.0%
Medical building
$2.2M
+27.7%
Commercial (general)
$2.2M
+26.9%
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 Red Bluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Red Bluff 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
$1,490,000
ML approach
$1,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,740,000
Current use
INDUSTRIAL (GENERAL)
$2,315,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$2,225,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,210,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,865,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.50M
Range $1.35M – $1.64M · ±10% · vs last sale $1.50M (Jun 3 2022)
Last sale anchor
$1.50M
Jun 3 2022
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
$77 / 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
$16,730
Tax year 2024
Assessed value
$1,618,820
Assessed 2024
Previous assessed
$1,597,650
+1.3% YoY
Effective rate
1.03%
On assessed value
Assessed land
$520,200
Assessed improvement
$1,098,620
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Bathrooms
2
Total area
19,520 SF
Lot
1.71 ac (74,671 SF)
Zoning code
M-1
APN
033-061-003-000
UPID
US09-2261425
Jurisdiction
TEHAMA
Zoning & alternative use
M-1 · Red Bluff, CAZoning M-1 · permitted uses
M-1 · Red Bluff, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 25.83 M-1, LIGHT INDUSTRIAL DISTRICTS. (A) It is intended that this district classification be applied to all properties deemed appropriate for lower intensity industrial uses and designated “I” on the land use diagram of the city general plan. (B) The specific use regulations set out beneath the column titled “M-1” in the chart marked “industrial zones and permit requirements” in
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
140.60 ac
Source
CHAPTER 25: ZONING
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1962
Construction
WOOD
Heating
NONE
Bathrooms
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Donald Raymond Zahner
Individual
Mailing address
2820 BECHELLI LN, REDDING, CA 96002-1921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
—
Donald Raymond Zahner
—
Deed
related
$619,000 · Superior California Economic Development
Jun 3, 2022
$1,500,000
Donald Raymond Zahner
Lizabeth Forsberg
Grant Deed
$750,000 · Five Star Bank
Jul 19, 2018
—
Lizabeth Forsberg
—
Deed
related
$490,750 · Banner Bank
Mar 20, 2018
—
Lizabeth Forsberg
—
Deed
related
$180,821 · Moule Bill & Lynne F/tr (pt)
Jan 6, 2004
—
Lizabeth Forsberg
Forsberg,eric
Quit Claim Deed
related
—
Dec 17, 2003
$275,000
Lizabeth Forsberg
Moule,william R & Lynne T
Grant Deed
$350,000 · William R & Lynne T Moule
—
—
Lizabeth Forsberg
—
Loan Modification
related
$180,821 · Moule Bill & Lynne F/tr (pt)
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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