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    Redding, CA 96002
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    Property profile & analytics

    Redding, CA 96002

    View on Map
    • Apartment buildings
    • 3,744 SF
    • 0.91 lot acres
    Off-Market
    Property ID
    US09-1910340
    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.
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.91 lot acres
    Property size
    3,744 SF
    Property type
    Apartment buildings
    APN
    068-520-043-000
    APU
    68520043000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $685,000
      6.5%
      $630,000
      7%
      $585,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Redding
    County
    Shasta
    State
    California
    Longitude
    -122.352
    Latitude
    40.5551
    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
    $12,718
    $242,782
    $890,208
    $1,132,990
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.34 Acres

      540 Wilshire Dr

      APARTMENT HOUSE (5+ UNITS) • 1.34 Acres
      540 Wilshire Dr, Redding, CA 96002-2057
      View Details
    • Value Estimation by Request
      1.86 Acres

      1951 Hartnell Ave

      APARTMENT HOUSE (5+ UNITS) • 1.86 Acres
      1951 Hartnell Ave, Redding, CA 96002-2273
      View Details
    • Value Estimation
      $3,095,000
      27,210 SF

      1012 Layton Rd

      APARTMENT HOUSE (5+ UNITS) • 27,210 SF
      1012 Layton Rd, Redding, CA 96002-2643
      View Details
    • Value Estimation
      $655,000
      5,244 SF

      2380 Wilson Ave

      APARTMENT HOUSE (5+ UNITS) • 5,244 SF
      2380 Wilson Ave, Redding, CA 96002-1642
      View Details
    • Value Estimation
      $755,000
      6,672 SF

      4020 Churn Crk Rd

      APARTMENT HOUSE (5+ UNITS) • 6,672 SF
      4020 Churn Crk Rd, Redding, CA 96002-3634
      View Details
    • Value Estimation
      $4,245,000
      4,928 SF

      3980 Churn Crk Rd

      APARTMENT HOUSE (5+ UNITS) • 4,928 SF
      3980 Churn Crk Rd, Redding, CA 96002-3237
      View Details

    Similar Nearby for Sale

    • $850,000

      Redding Multifamily Investment Opportunity

      8-unit apartment complex with good rental history in Redding.
      2590 Henderson Rd, Redding, CA 96002
      View Details
    • $559,000

      Redding Fourplex with Upgrades

      Centrally located, fully occupied fourplex with recent upgrades.
      1075 Le Brun Ln, Redding, CA 96002
      View Details
    • $1,200,000
      22.89 Acres

      Iconic Land on Interstate 5

      22+ acres with agricultural and residential potential in Redding.
      7100 Milky Way, Redding, CA 96002
      View Details
    • $549,900
      3,200 SF

      Redding Commercial Opportunity For Sale

      Two-building commercial property with multiple use potential in Redding, CA.
      2418 Victor Ave, Redding, CA 96002
      View Details
    • Contact for pricing

      Redding Professional Office Park Parcels

      Parcels in Redding's professional office park, near Sacramento River.
      Knollcrest & Hemsted Dr, Redding, CA 96002
      View Details
    • $320,000

      Redding Commercial Parcels For Sale

      Five commercial parcels available in Redding, CA business park.
      444 Hemsted Dr, Redding, CA 96002
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Regional Shopping Center in Redding

      New regional shopping center with excellent freeway exposure.
      4619-4631 Churn Creek Rd, Redding, CA 96002
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Redding, CA.
      Nwc Of Shasta Vw Dr. & Rancho Rd, Redding, CA 96002
      View Details
    • Contact for pricing

      Redding Two-Story Commercial Property

      Two-story commercial property with high visibility and ample parking.
      185 Hartnell Ave, Redding, CA 96002
      View Details
    • $2.00 SF/Yr
      2,250 SF

      High-Traffic Office and Retail Space

      Prime Redding location with high visibility and turnkey suite potential.
      2650 Churn Creek Rd, Redding, CA 96002
      View Details
    • $6,732 /Mo
      30,056 SF

      Redding Industrial Shop with Yard

      7,920 sq ft industrial shop with gated yard.
      7658 Avianca Dr, Redding, CA 96002
      View Details
    • $0.85 SF/Yr
      14,000 SF

      Redding Warehouse with Fenced Yard

      14,000 SF warehouse with drive-through access in Redding, CA.
      860 Commerce St, Redding, CA 96002
      View Details
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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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