Multi-Building Commercial Office
For Sale
$450,000
2418 Victor Avenue, Redding, CA 96002
COMMERCIAL - Redding, CA
Property Size3,200 SF
Lot Size0.27 Acres
Price / SF$140.63
Days on Market141
Property Features for 2418 Victor Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Redding GC General Commercial
Directions
From Hwy 44 go south on Victor. Building is on the right.
Subdivision
03 - SE Redding
Standard status
Active
APN
067-080-055-000
Size
3,200 SF
Lot size
0.27 Acres
Building Details
Year built
1978
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Jayne Dreyer · License #01997674
(530) 710-4338
Added: Mar 27
Changed: Aug 4
Last Checked: Aug 14 at 2:06PM
MLS# 26-1326
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 multi-building commercial property totals 3,200 square feet across two structures on the same parcel. The main building includes a front reception area and offers versatile interior space suited to a range of professional, medical, retail, or service-oriented uses. A second 1,200-square-foot building provides additional workspace or storage.
The property is located at 2418 Victor Avenue in Redding, CA 96002. The offering emphasizes ample on-site parking to support customer and staff access.
With two separate buildings under one roofline arrangement, the layout supports both consolidated operations and the flexibility to separate workspace from additional storage or overflow needs, subject to buyer and tenant requirements.
The property is located at 2418 Victor Avenue in Redding, CA 96002. The offering emphasizes ample on-site parking to support customer and staff access.
With two separate buildings under one roofline arrangement, the layout supports both consolidated operations and the flexibility to separate workspace from additional storage or overflow needs, subject to buyer and tenant requirements.
Key Highlights
- Prime Location in Redding
- 3,200 SF Total Space with a 2,000 SF Main Building and an additional 1,200 SF Building
- Multiple Use Potential for Professional, Medical, Retail, or Service businesses
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
$38,532
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
8.56%
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%
$770,640
$770.6K
Cap Rate 7%
$550,457
$550.5K
Cap Rate 9%
$428,133
$428.1K
Market Conditions
NOI Build-Up for 3,200 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
$65.3K $20.40/SF
− Vacancy
−$13.9K −$4.35/SF
EGI
$51.4K $16.05/SF
− OpEx
−$12.8K −$4.01/SF
NOI
$38.5K $12.04/SF
Area
Shasta County, CA
Vacancy
21.30%
Lease Rate
$20.40 /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%
$770,640
Cap Rate 7%
$550,457
Cap Rate 9%
$428,133
Alternative Uses
Best Use
Office B
$550.5K
$481.7K – $642.2K
NOI $38,532 @ 7.0% cap · market cap 8.56%
Second Best
Healthcare Medical
$482.9K
$422.6K – $563.4K
NOI $33,804 @ 7.0% cap · market cap 7.51%
Theoretical Best
Specialty Retail
$712.4K
$623.4K – $831.2K
NOI $49,870 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 96002, CA
35,158
Population
13,685
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
93%
High-School Grad
30.6 sq mi
ZIP Area
1,149
Density / Sq Mi
$74,230
Median Household Income
$40,454
Median Earnings
$1,281
Median Rent
$347,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two connected buildings totaling 3,200 SF offer reception space plus an additional 1,200 SF building on one parcel.
Where is this office units located?
The property is located at 2418 Victor Avenue Redding, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime Location in Redding; 3,200 SF Total Space with a **2,000 SF Main Building** and an additional 1,200 SF Building; Multiple Use Potential for Professional, Medical, Retail, or Service businesses
