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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Industrial properties
8537 Commercial Way, Redding, CA 96002-3902
Individually Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2082693
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Total area
5,776 SF
Lot
4.79 ac (208,652 SF)
Zoning code
C-M-DR
APN
068-350-028-000
UPID
US10-2082693
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
-
Redding Equipment Inc Agricultural Supply
-
Penske Truck Rental Car Rental Facility
-
MPI Equipment Inc (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Mach 1 Machinery, Inc. Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$645k
Owner & transaction history
Landis,tr · 23 yrs held
Landis,tr
since 2003
6 recorded transactions
Zoning & alternative use
C-M-DR · Redding, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$960,000
+84.2%
Retail stores
$925,000
+77.0%
Medical building
$855,000
+64.3%
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
INDUSTRIAL (GENERAL)
$520,000
Current use
RESTAURANT
$960,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +77% · Conversion: Moderate
MEDICAL BUILDING
$855,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +23% · Conversion: Easy
COMMERCIAL (GENERAL)
$625,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$112 / 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
$7,685
Tax year 2024
Assessed value
$691,355
Assessed 2024
Previous assessed
$691,355
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$322,040
Assessed improvement
$369,315
Applied tax rate
74.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Total area
5,776 SF
Lot
4.79 ac (208,652 SF)
Zoning code
C-M-DR
APN
068-350-028-000
UPID
US10-2082693
Jurisdiction
SHASTA
Zoning & alternative use
C-M-DR · Redding, CA
Zoning C-M-DR · permitted uses
C-M-DR · Redding, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Redding. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$520,000
RESTAURANT
Est. value
$960,000
RETAIL STORES
Est. value
$925,000
MEDICAL BUILDING
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$625,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1973
Heating
NONE
Lot
4.79 ac
Current owner
From public records · entity-resolved
Landis,tr
Individual
Free & Clear · 23 yrs held
Mailing address
20880 SUNSET HLS DR, COTTONWOOD, CA 96022-9159
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2003
—
Landis,tr
Edeline & Landis Properties
Quit Claim Deed
related
—
Feb 13, 2001
$550,000
Edeline & Landis Properties
Brashear,james W
Trustees Deed
$370,000 · Wells Fargo Bank
Feb 13, 2001
—
James W Brashear
Shasta Tractor & Equipment Sal
Quit Claim Deed
related
—
Feb 6, 1996
—
James W Brashear
Brashear,barbara J
Quit Claim Deed
related
—
—
—
James W Brashear
—
Deed Of Trust
related
$152,000 · Redding Bank Of Commerce
—
—
James W Brashear
—
Deed Of Trust
related
$270,000 · Individual
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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