Redwood Office Building with
For Sale
$345,000
Pending
1050 West Street, Redding, CA 96001
COMMERCIAL - Redding, CA
Property Size2,050 SF
Lot Size0.38 Acres
Days on Market541
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
Carpet - Full, Wood
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: Aug 15
Last Checked: Aug 30 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This professional office building offers approximately 2,050 square feet of space, with the majority constructed out of redwood. The property also features a newer roof, installed about two years ago.
Located at 1050 West Street in Redding, the building is described as being on the west side close to downtown. The rear of the parcel generates income from a neighboring business.
Overall, the combination of a redwood-built office structure and rear-parcel income support a straightforward setup for an owner-operator or buyer seeking both workspace and additional revenue tied to the property.
Located at 1050 West Street in Redding, the building is described as being on the west side close to downtown. The rear of the parcel generates income from a neighboring business.
Overall, the combination of a redwood-built office structure and rear-parcel income support a straightforward setup for an owner-operator or buyer seeking both workspace and additional revenue tied to the property.
Key Highlights
- Professional office building with majority constructed of redwood
- New roof, approximately 2 years old
- Off‑street parking available
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
$24,684
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
7.15%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 building - Professional office building with a majority redwood interior and a roof installed about two years ago.
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: Professional office building with majority constructed of redwood; New roof, approximately 2 years old; Off‑street parking available
