Car Wash with Coffee
For Sale
$1,200,000
Pending
1200 Market Street, Redding, CA 96001
Commercial Sale, Redding, CA
Property Size2,755 SF
Lot Size0.47 Acres
Days on Market328
Property Features for 1200 Market Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Redding DMUD-SP Downtown Specific Plan Mixed Use
Directions
SW corner of Eureka Way and Market Street.
Subdivision
04 - SW Redding
Standard status
Pending
APN
101-290-069
Size
2,755 SF
Lot size
0.47 Acres
Building Details
Building materials
Stucco
Listing Agency:
House of Realty
(530) 241-8300
Listed By:
Rob Middleton · License #00549124
(530) 604-8443
Added: Sep 30, 2025
Changed: Aug 21
Last Checked: Aug 23 at 11:06AM
MLS# 25-4396
Copyright © 2026 Shasta Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,755-square-foot commercial property occupies 0.47 acres at 1200 Market Street in Redding. Improvements include an operating car wash and a leased drive-up coffee kiosk, with stucco construction noted for the building.
The property is situated on a downtown commercial corner and carries DMUD-SP-BH zoning, identified as the Downtown Mixed-Use District-Specific Plan with a building-height limitation. The combination of an automotive service use and an on-site coffee kiosk provides two established commercial components within the property.
The property is situated on a downtown commercial corner and carries DMUD-SP-BH zoning, identified as the Downtown Mixed-Use District-Specific Plan with a building-height limitation. The combination of an automotive service use and an on-site coffee kiosk provides two established commercial components within the property.
Key Highlights
- Operating car wash on a 0.47‑acre property
- Leased drive‑up coffee kiosk included
- 2,755 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,700
$858.7K
Cap Rate 7%
$613,357
$613.4K
Cap Rate 9%
$477,056
$477.1K
Market Conditions
NOI Build-Up for 2,755 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.5K $21.60/SF
− Vacancy
−$2.3K −$0.82/SF
EGI
$57.2K $20.78/SF
− OpEx
−$14.3K −$5.19/SF
NOI
$42.9K $15.58/SF
Area
Shasta County, CA
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,700
Cap Rate 7%
$613,357
Cap Rate 9%
$477,056
Alternative Uses
Best Use
Specialty Retail
$613.4K
$536.7K – $715.6K
NOI $42,935 @ 7.0% cap · market cap 3.58%
Second Best
Retail
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 3.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,491
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Dutch Bros. Coffee
Dining
15,325 visits/mo
0.1 miles
Taco Bell
Dining
15,248 visits/mo
0.0 miles
Burger King
Dining
13,566 visits/mo
0.5 miles
Heavenly Donuts
Dining
10,954 visits/mo
0.1 miles
Starbucks
Dining
10,071 visits/mo
0.3 miles
Demographics for 96001, CA
33,914
Population
14,370
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
72.4 sq mi
ZIP Area
468
Density / Sq Mi
$70,594
Median Household Income
$42,316
Median Earnings
$1,238
Median Rent
$385,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - Downtown corner property with an operating car wash and leased drive-up coffee kiosk.
Where is this car wash located?
The property is located at 1200 Market Street Redding, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Operating car wash on a 0.47‑acre property; Leased drive‑up coffee kiosk included; 2,755 square feet of property size
