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Property profile & analytics
FOR LEASE
Automotive properties
555 E Cypress Ave Redding, CA 96002
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0863928
For Lease
1 / 14
$35.40 SF/Yr
555 E Cypress Ave, Redding, CA 96002
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Property summary
AI-generated overview
This exceptional 2,500 square foot retail property, located at 555 E Cypress Ave, Redding, CA 96002, boasts unparalleled visibility and accessibility. Situated at the intersection of Cypress Avenue and I-5, this prime location benefits from significant daily traffic counts: 40,000 vehicles on Cypress Avenue and an additional 69,000 on I-5 (excluding semi-trucks). The property sits on a 5.29-acre lot (APN 107-040-040, Shasta County) and is zoned GC - General Commercial. Currently occupied, the space offers a desirable drive-thru option with an eight-vehicle stacking lane, ensuring efficient customer service. Ample parking is available for walk-in customers. The strong tenant mix in the immediate vicinity includes well-established businesses such as Leslie's Pool Supplies, Office Depot, Lumberjacks restaurant, and West Marine. This presents a unique opportunity for investors seeking high-exposure retail space in a thriving Redding commercial corridor. The property's cross street is Bechelli Lane. The building is classified as both retail and office, with multiple tenancies.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1977
Construction
TILT-UP CONCRETE
Total area
65,920 SF
Lot
11.34 ac (493,970 SF)
APN
102-470-018-000
UPID
US09-0863928
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
-
Crown Work Trucks Car Dealership
-
Crown Ford Service Auto Repair Shop
-
Late Generation Muscle Car Dealership
-
Crown Lincoln Service Auto Repair Shop
-
Crown Lincoln Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.38M
Blend (final)
Blend
$9.73M
Owner & transaction history
Cypress Partners · 4 yrs held
Cypress Partners
since 2021
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.0M
+50.0%
Medical building
$9.4M
+27.9%
Retail stores
$8.2M
+12.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,310,000
Current use
RESTAURANT
$10,965,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$9,350,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$8,200,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,690,000
Change: +5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,955,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$9.73M
Range $8.75M – $10.70M · ±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
$148 / 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
$96,090
Tax year 2024
Assessed value
$8,945,624
Assessed 2024
Previous assessed
$8,945,624
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,839,875
Assessed improvement
$6,105,749
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Lease
Year built
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
65,920 SF
Lot
11.34 ac (493,970 SF)
APN
102-470-018-000
UPID
US09-0863928
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
AUTO REPAIR, GARAGE Current
Est. value
$7.3M
RESTAURANT
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$9.4M
RETAIL STORES
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.7M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1977
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
11.34 ac
Current owner
From public records · entity-resolved
Cypress Partners
Entity
Mailing address
PO BOX 7TH 7, NOVATO, CA 94948-0007
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
—
Cypress Partners
—
Deed
related
$1,000,000 · Bank Of Marin
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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