Redwood Office
For Sale
$345,000
Pending
1050 West Street, Redding, CA 96001
Commercial Sale, Redding, CA
Property Size2,050 SF
Lot Size0.38 Acres
Days on Market587
Property Features for 1050 West Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Conforming
Parking features
Off Street
Directions
Eureka Way west. Turn right on West Street. Building on left side, 2 blocks from Eureka Way.
Subdivision
01 - NW Redding
Standard status
Pending
APN
103-050-007
Size
2,050 SF
Lot size
0.38 Acres
Building Details
Flooring type
Wood, Carpet - Full
Roof type
Wood
Listing Agency:
House of Realty
(530) 241-8300
Listed By:
Bruce L Middleton · License #00845401
(530) 227-7008
Added: Mar 7, 2025
Changed: Oct 7
Last Checked: Oct 15 at 10:06PM
MLS# 25-899
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.
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Investment Insights
Based on property information with market context.
This 2050-square-foot office building occupies a 0.38-acre parcel and features substantial redwood construction. Interior finishes include wood and full-carpet flooring, while off-street parking serves the property. The roof was installed approximately 2 years ago.
Positioned on the west side of Redding near downtown, the property includes rear-of-parcel income generated by a neighboring business. Its office configuration, established improvements, and central city setting provide a straightforward commercial ownership profile.
Positioned on the west side of Redding near downtown, the property includes rear-of-parcel income generated by a neighboring business. Its office configuration, established improvements, and central city setting provide a straightforward commercial ownership profile.
Key Highlights
- 2050‑square‑foot office building on a 0.38‑acre parcel
- Substantial redwood construction
- Roof approximately 2 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,684
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,680
$493.7K
Cap Rate 7%
$352,629
$352.6K
Cap Rate 9%
$274,267
$274.3K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$41.8K $20.40/SF
− Vacancy
−$8.9K −$4.35/SF
EGI
$32.9K $16.05/SF
− OpEx
−$8.2K −$4.01/SF
NOI
$24.7K $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 Rate 5%
$493,680
Cap Rate 7%
$352,629
Cap Rate 9%
$274,267
Alternative Uses
Best Use
Office B
$352.6K
$308.6K – $411.4K
NOI $24,684 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,793
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with wood and full-carpet flooring, off-street parking, and a newer roof.
Where is this office building located?
The property is located at 1050 West Street Redding, CA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2050‑square‑foot office building on a 0.38‑acre parcel; Substantial redwood construction; Roof approximately 2 years old
