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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    993 Lake Blvd Redding, CA 96003

    • Commercial real estate
    • 1,030 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2081054
    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

    • Officebuddy / Commercial Cleaning Service
    • Sparklebuddy / Window Cleaning Service / House Cleaning Service

    Property Details for 993 Lake Blvd

    Year built
    30
    Property size
    1,030 SF
    Property type
    Commercial real estate

    Description

    This exceptional single-story office/retail building, located at 993 Lake Blvd in Redding, California, presents a fantastic investment opportunity. Boasting 1,030 square feet of net rentable space, this property is situated on a high-traffic street, ensuring excellent visibility and accessibility for your business. Built over 30 years ago, the building offers a solid foundation for a variety of commercial uses. The convenient location in Shasta County, zip code 96003, provides easy access to local amenities and a thriving community. The property's single-story design offers efficient use of space and easy navigation. With its prime location and ample square footage, this building is ideal for a range of businesses seeking a well-established presence in Redding. The asking price of $199,000 makes this a compelling investment opportunity in a desirable California market. The property's address is easily accessible via Lake Blvd, offering excellent street exposure for maximum brand visibility. This is a rare chance to acquire a well-positioned commercial property in a growing area. Don't miss out on this chance to own a piece of Redding's vibrant commercial landscape. The property consists of one building, offering a cohesive and manageable space for your business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.4011145
    Latitude
    40.6211245

    Comparable in this City

    • Contact for pricing
      32,000 SF

      Spacious Open Office Space Available

      Open office spaces near I-5, suitable for various business needs.
      4300-4352 Caterpillar Rd, Redding, CA 96003
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    • $1,298,000
      8,000 SF

      Redding Executive Office Building For Sale

      Executive office building in prime location with steady rental income.
      999 Mission De Oro Dr, Redding, CA 96003
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    • $4,011,600
      6,195 SF

      High-Traffic Chase Bank Investment Property

      Long-term Chase Bank lease in a growing retail area.
      974 Dana Dr, Redding, CA 96003
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    • $2,577,255

      NNN Ground Lease Opportunity

      NNN ground lease with long-term occupancy and rental increases.
      910 Dana Dr, Redding, CA 96003
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    • $2,950,000
      51,522 SF

      Redding Mixed-Use Freestanding Building

      51,522 SF, Vacant, $2.95M
      1101 Twin View Blvd, Redding, CA 96003
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    • $4,877,000

      Redding Caliber Collision For Sale

      15-year absolute net lease with 10% rental increases every 5 years.
      4633 Mountain Lakes Blvd, Redding, CA 96003
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    Similar Nearby for Sale

    • Contact for pricing
      32,000 SF

      Spacious Open Office Space Available

      Open office spaces near I-5, suitable for various business needs.
      4300-4352 Caterpillar Rd, Redding, CA 96003
      View Details
    • $1,298,000
      8,000 SF

      Redding Executive Office Building For Sale

      Executive office building in prime location with steady rental income.
      999 Mission De Oro Dr, Redding, CA 96003
      View Details
    • $4,011,600
      6,195 SF

      High-Traffic Chase Bank Investment Property

      Long-term Chase Bank lease in a growing retail area.
      974 Dana Dr, Redding, CA 96003
      View Details
    • $2,577,255

      NNN Ground Lease Opportunity

      NNN ground lease with long-term occupancy and rental increases.
      910 Dana Dr, Redding, CA 96003
      View Details
    • $2,950,000
      51,522 SF

      Redding Mixed-Use Freestanding Building

      51,522 SF, Vacant, $2.95M
      1101 Twin View Blvd, Redding, CA 96003
      View Details
    • $4,877,000

      Redding Caliber Collision For Sale

      15-year absolute net lease with 10% rental increases every 5 years.
      4633 Mountain Lakes Blvd, Redding, CA 96003
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo
      670 SF

      Redding Office Space For Rent

      Newly remodeled office space with mountain views and ample parking.
      351 Northpoint Dr, Redding, CA 96003
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    • Contact for pricing
      1,309 SF

      Retail Space Near Shasta Mall

      Retail space in shopping center anchored by Target and Hobby Lobby.
      1355 Churn Creek Rd, Redding, CA 96003
      View Details
    • Contact for pricing
      1,195 SF

      Retail Space in Redding Center

      Retail space available in a busy Redding shopping center.
      1150 Dana Dr, Redding, CA 96003
      View Details
    • $12 SF/Yr
      2,132 SF

      North Point Shopping Center Spaces

      Redding Retail Space: Prime Location, High Traffic
      101-179 Lake Blvd, Redding, CA 96003
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Redding Center

      Retail space available in a busy Redding shopping center.
      1385 Churn Creek Rd, Redding, CA 96003
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail property available for lease in Redding, California.
      1470 Friendly Rd, Redding, CA 96003
      View Details
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    993 Lake Blvd
    Redding, CA 96003
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    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
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