Two-Entrance Medical
For Sale
$785,000
2449 Court St, Redding, CA 96001
COMMERCIAL - Redding, CA
Property Size3,168 SF
Lot Size0.21 Acres
Price / SF$247.79
Days on Market989
Property Features for 2449 Court St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Conforming
Parking features
On Street, Off Street
Directions
Placer to Court St. Head south on Court Street. Court and Rosaline. Subject is on the east side of the street.
Subdivision
04 - SW Redding
Standard status
Active
APN
104-180-053-000
Size
3,168 SF
Lot size
0.21 Acres
Building Details
Year built
1993
Flooring type
Tile, Carpet - Full
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
TREG INC - The Real Estate Group
(530) 222-5522
Listed By:
Brian S Salado · License #01415450
(530) 515-7899
Added: Nov 21, 2023
Changed: Aug 4
Last Checked: Aug 6 at 4:06PM
MLS# 23-4641
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.
Built in 1993, this 3,168-square-foot medical office property combines a finished interior with tile and full carpeting. Two separate entrances support shared occupancy or distinct access patterns, while two enclosed garages add covered vehicle storage. The building features wood siding and a composition roof.
Located at 2449 Court Street in Redding, the property sits at the intersection of Court Street and Rosaline Avenue, near Mercy Medical Center. Parking is available both on site and along the street, supporting staff, visitors, and office operations. The property is ready for occupancy.
Located at 2449 Court Street in Redding, the property sits at the intersection of Court Street and Rosaline Avenue, near Mercy Medical Center. Parking is available both on site and along the street, supporting staff, visitors, and office operations. The property is ready for occupancy.
Key Highlights
- 3,168 square feet of medical office space
- Two entrances support shared occupancy
- Two enclosed garages included
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
$38,146
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
4.86%
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%
$762,920
$762.9K
Cap Rate 7%
$544,943
$544.9K
Cap Rate 9%
$423,844
$423.8K
Market Conditions
NOI Build-Up for 3,168 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
$64.6K $20.40/SF
− Vacancy
−$13.8K −$4.35/SF
EGI
$50.9K $16.05/SF
− OpEx
−$12.7K −$4.01/SF
NOI
$38.1K $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%
$762,920
Cap Rate 7%
$544,943
Cap Rate 9%
$423,844
Alternative Uses
Best Use
Office B
$544.9K
$476.8K – $635.8K
NOI $38,146 @ 7.0% cap · market cap 4.86%
Second Best
Healthcare Medical
$478.1K
$418.3K – $557.8K
NOI $33,466 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$705.3K
$617.1K – $822.9K
NOI $49,371 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Flu Shots And Vaccinations — 2021 Court St, Redding, CA 96001
Frequently Asked Questions
What type of property is this?
Medical Office Space - Finished medical office with separate entrances, enclosed garages, and on- and off-street parking near Mercy Medical Center.
Where is this medical office space located?
The property is located at 2449 Court St Redding, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 3,168 square feet of medical office space; Two entrances support shared occupancy; Two enclosed garages included
