West Redding Standalone
For Sale
$825,000
2321 Court St, Redding, CA 96001
Versatile 5,244 SF building suitable for medical or office use.
Property Size5,329 SF
Price / SF$154.81
Days on Market269
Property Features for 2321 Court St
General Information
Standard status
Active
Size
5,329 SF
Property subtype
Office
Zoning
RED GO - General Office
Building Details
Building Size
5,329 SF
Year Built
1978
Listing Agency:
(530) 605-5169
Listed By:
Jess Whitlow, CCIM · License #CalDRE #01941996
(530) 605-5169
Source:
Coxrec
Added: Nov 25, 2025
Changed: Aug 16
Last Checked: Aug 20 at 4:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jess Whitlow, CCIM
Investment Insights
Based on property information with market context.
This 5,244 SF standalone building is located in West Redding. Currently used as an outpatient physical therapy office, the property could be converted to conventional medical or professional office use. The floor plan includes a waiting room, a large reception area, six plumbed exam rooms (or offices), one conference or cold plunge room, three private offices, a large open work area or therapy gym, a production area, multiple restrooms, and a lower level with windows suitable for additional working space or a gym. The upstairs space is 369 SF, the main level is 3,510 SF, and the lower level is 1,365 SF. The property is located in a high-demand area of West Redding, close to hospitals, the medical community, the legal community, a new courthouse, and high-income residential areas. The building is suitable for medical, office, or specialized use.
Key Highlights
- High‑demand West Redding location, convenient to hospitals, medical and legal communities.
- 5,244 SF standalone building ideal for medical, office, or specialized use.
- Existing outpatient physical therapy office layout featuring a reception area, 6 plumbed exam rooms/offices, conference room, private offices, and therapy gym.
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
$64,167
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
7.78%
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%
$1,283,340
$1.3M
Cap Rate 7%
$916,671
$916.7K
Cap Rate 9%
$712,967
$713.0K
Market Conditions
NOI Build-Up for 5,329 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
$108.7K $20.40/SF
− Vacancy
−$23.2K −$4.35/SF
EGI
$85.6K $16.05/SF
− OpEx
−$21.4K −$4.01/SF
NOI
$64.2K $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%
$1,283,340
Cap Rate 7%
$916,671
Cap Rate 9%
$712,967
Alternative Uses
Best Use
Office B
$916.7K
$802.1K – $1.07M
NOI $64,167 @ 7.0% cap · market cap 7.78%
Second Best
Healthcare Medical
$804.2K
$703.7K – $938.3K
NOI $56,295 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $83,049 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,806
Businesses Nearby
Under-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile 5,244 SF building suitable for medical or office use.
Where is this medical office space located?
The property is located at 2321 Court St Redding, CA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: High‑demand West Redding location, convenient to hospitals, medical and legal communities.; 5,244 SF standalone building ideal for medical, office, or specialized use.; Existing outpatient physical therapy office layout featuring a reception area, 6 plumbed exam rooms/offices, conference room, private offices, and therapy gym.
