150 Cypress AveRedding, CA 96002

Property Details for 150 Cypress Ave

Year built

1978

Construction

TILT-UP CONCRETE

Lot size

0.47 AC

Property type

Retail properties

Property subtype

Banks

APN

107-360-031-000

APU

107360031000

Description

This exceptional two-story office building in Redding, CA, offers multiple executive office spaces for lease, ranging from 491 to 4,081 square feet. Located at 150 Cypress Ave, 96002, this Class C building boasts 10,222 total square feet and benefits from excellent visibility due to its corner location at Cypress Ave and Hemsted Dr, a high-traffic area with 51,100 cars passing daily. Built in 1978, the property features great signage opportunities, ideal for maximizing brand awareness. The building comprises one structure with two stories, and while it does not include elevators, it offers secure gated parking, ensuring the safety and convenience of tenants. Suite 100 (first floor) offers the flexibility of customizable floor plans to accommodate specific business needs. This property is zoned RED GC - General Commercial (APN: 107-360-031-000) and is situated within an established professional office park, providing easy access to Interstate 5. This is a fantastic opportunity for businesses seeking a prominent and functional office space in a thriving Redding location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,423,840

  6.5%

  $5,006,622

  7%

  $4,649,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,366,300

  Geo Method

  $7,366,300

• Alternative Use

  Use

  Valuation

  Residential

  $4,223,273

  Hospitality

  $3,868,496

  Educational

  $3,218,543

  Medical

  $3,329,234

  Retail

  $5,006,622

Location Insight

City

Redding

County

Shasta

State

California

Latitude

40.5717

Longitude

-122.37

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].