Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    840 Hartnell Ave Redding, CA 96002-2118

    • Medical offices
    • 3,375 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2022
    $160,000
    Value Estimations
    $135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1240707
    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.

    Current Use by Public Records

    • Academy Mortgage - Redding / Mortgage Lender
    • Guild Mortgage Company / Mortgage Lender / Consultant
    • Guild Mortgage - David Van Gerpen / Consultant / Mortgage Lender
    • Encore Realty / Real Estate Agency
    • Mr. Phillip Gibson / Physical Therapist

    Property Details for 840 Hartnell Ave

    Year built
    1966
    Construction
    WOOD
    Lot size
    0.39 lot acres
    Property size
    3,375 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    107-350-032-000
    APU
    107350032000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $130,000
      ML approach
      $100,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $173,000
      Market price range: $174k - $460k

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.356
    Latitude
    40.5641
    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
    $1,996
    $63,672
    $106,120
    $169,792
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $390,000
      0.93 Acres

      3184 Churn Crk Rd

      DENTAL BUILDING • 0.93 Acres
      3184 Churn Crk Rd, Redding, CA 96002-2122
      View Details
    • Value Estimation
      $290,000
      4.10 Acres

      1201 Industrial St

      DENTAL BUILDING • 4.10 Acres
      1201 Industrial St, Redding, CA 96002-0757
      View Details
    • Value Estimation
      $835,000
      44,566 SF

      351 Hartnell Ave

      DENTAL BUILDING • 44,566 SF
      351 Hartnell Ave, Redding, CA 96002-1845
      View Details
    • Value Estimation
      $300,000
      0.86 Acres

      2021 Victor Ave

      DENTAL BUILDING • 0.86 Acres
      2021 Victor Ave, Redding, CA 96002-0410
      View Details
    • Value Estimation
      $210,000
      3,958 SF

      3110 Churn Crk Rd

      DENTAL BUILDING • 3,958 SF
      3110 Churn Crk Rd, Redding, CA 96002-2101
      View Details
    • Value Estimation
      $305,000
      0.31 Acres

      2315 Bechelli Ln Ste F

      DENTAL BUILDING • 0.31 Acres
      2315 Bechelli Ln Ste F, Redding, CA 96002-0119
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      81,000 SF

      REDDING HILLSIDE PLAZA

      Medical offices • 81,000 SF
      415 Hartnell Ave, Redding, CA 96002
      View Details
    • $275,000
      1.00 Acre

      Redding Commercial Land - $275K

      One-acre office lot, ready to build.
      1775 Hartnell Ave, Redding, CA 96002
      View Details
    • $2,650,000
      15,132 SF

      Redding Multi-Tenant Investment Property

      Fully leased office building in Redcliff Business Park.
      415 Knollcrest Dr, Redding, CA 96002
      View Details
    • $349,000
      1,072 SF

      Updated Office Space in Redding

      Modern office with upgrades and exceptional visibility in Redding, CA.
      2690 Victor Ave, Redding, CA 96002
      View Details
    • Contact for pricing
      9,790 SF

      Professional Office Suites For Sale

      Centrally located, renovated office building with high-end interior finishes.
      1155 Del Monte St, Redding, CA 96002
      View Details
    • Contact for pricing
      3.17 Acres

      Redding, CA Commercial Land Investment

      Prime Commercial Land: I-5 & Knighton Rd
      0 I-5 & Knighton Rd, Redding, CA 96002
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      129,600 SF

      Redding Medical Office Center

      Prime Redding location, multiple suites available.
      10-190 Hartnell Ave, Redding, CA 96002
      View Details
    • $1.25 SF/Yr

      Premium Commercial Office Space Available

      Sought-after Redding location with private offices and ample parking.
      1760 Churn Creek Rd, Redding, CA 96002
      View Details
    • $1.30 SF/Yr
      1,280 SF

      Redding Office Space For Rent

      Office space available on Churn Creek Road in Redding, CA.
      2150 Churn Creek Rd, Redding, CA 96002
      View Details
    • $2 SF/Yr
      4,760 SF

      Redding Office Space with Views

      Second-floor office space with river views in Redding, CA.
      292 Hemsted Dr, Redding, CA 96002
      View Details
    • $35 SF/Yr
      2,500 SF

      Cypress Ave Retail Center Investment

      High-traffic Redding retail space, drive-thru option.
      555 Cypress Ave, Redding, CA 96002
      View Details
    • $1.25 SF/Yr
      1,206 SF

      Second Floor Office Suite

      1,206 sq ft office suite with elevator access.
      2195 Larkspur Ln, 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.
    840 Hartnell Ave
    Redding, CA 96002-2118
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.