Mixed-Use Property with Mobile
For Sale
$199,000
2339 North Drive, Redding, CA 96001
Commercial Sale, Redding, CA
Property Size552 SF
Lot Size0.40 Acres
Price / SF$360.51
Days on Market496
Property Features for 2339 North Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Non Conforming
Parking features
Off Street, On Street
Directions
South Bonnyview to Eastside Rd; Left on North Dr. Property is on the right.
Subdivision
04 - SW Redding
Standard status
Active
APN
050-310-003-000
Size
552 SF
Lot size
0.40 Acres
Building Details
Year built
1943
Flooring type
Carpet - Full
Roof type
Composition
Listing Agency:
TREG INC - The Real Estate Group
(530) 222-5522
Listed By:
Tom Miceli · License #01105123
(530) 515-3250
Added: May 3, 2025
Changed: Sep 10
Last Checked: Sep 10 at 2:06PM
MLS# 25-1951
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 for-sale mixed-use property includes a nicely renovated 1-bedroom, 1-bath home with an open kitchen and living room, a dedicated laundry room, and luxury vinyl flooring. An older 2-bedroom, 2-bath mobile home is also on-site, creating two residential units under one ownership.
The property is located at 2339 North Drive in Redding, California, and sits on a 0.40-acre commercial lot. The listing indicates the combination of homes within this commercial-lot setting.
For buyers seeking an owner-occupied setup or an income-producing residential configuration, the layout provides a renovated smaller home and an additional mobile home unit on the same site. The presence of two separate residential spaces can support practical leasing or multi-generational use, subject to any applicable local requirements.
The property is located at 2339 North Drive in Redding, California, and sits on a 0.40-acre commercial lot. The listing indicates the combination of homes within this commercial-lot setting.
For buyers seeking an owner-occupied setup or an income-producing residential configuration, the layout provides a renovated smaller home and an additional mobile home unit on the same site. The presence of two separate residential spaces can support practical leasing or multi-generational use, subject to any applicable local requirements.
Key Highlights
- 1‑bedroom, 1‑bath home with open kitchen and living room
- Luxury vinyl flooring and carpet - full throughout
- Includes a 2‑bedroom, 2‑bath mobile home
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
$6,038
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
3.03%
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%
$120,760
$120.8K
Cap Rate 7%
$86,257
$86.3K
Cap Rate 9%
$67,089
$67.1K
Market Conditions
NOI Build-Up for 552 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
$11.6K $21.00/SF
− Vacancy
−$614 −$1.11/SF
EGI
$11.0K $19.89/SF
− OpEx
−$4.9K −$8.95/SF
NOI
$6.0K $10.94/SF
Area
Shasta County, CA
Vacancy
5.30%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
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%
$120,760
Cap Rate 7%
$86,257
Cap Rate 9%
$67,089
Alternative Uses
Best Use
Apartment 5plus
$86.3K
$75.5K – $100.6K
NOI $6,038 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$122.9K
$107.5K – $143.4K
NOI $8,603 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Renovated 1-bed home plus an older 2-bed, 2-bath mobile home on a commercial lot.
Where is this commercial land located?
The property is located at 2339 North Drive Redding, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath home with open kitchen and living room; Luxury vinyl flooring and carpet - full throughout; Includes a 2‑bedroom, 2‑bath mobile home
