Fenced Warehouse Parcel with Roll-Up
For Sale
$3,400,000
4311 Caterpillar Road, Redding, CA 96003
Two secured warehouse buildings with a total of 13 roll-up doors, plus vehicle parking and gated access for operations.
Property Size19,000 SF
Lot Size2.00 Acres
Price / SF$178.95
Days on Market56
Property Features for 4311 Caterpillar Road
General Information
Standard status
Active
Size
19,000 SF
Lot size
2.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
13
Listing Agency:
(530) 643-7342
Listed By:
Grenvik Group Real Estate
(530) 643-7342
Source:
Grenvikgroup.idxbroker
Added: Jun 27
Changed: Jul 10
Last Checked: Aug 21 at 3:53AM
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 Grenvik Group Real Estate
Investment Insights
Based on property information with market context.
This property includes two warehouse buildings situated on a fenced parcel. The main building on the east side is approximately 19,000 square feet and has 9 roll-up doors. A second building on the west side is approximately 10,000 square feet and offers 4 roll-up doors. The site also provides ample employee parking and parking sized for commercial vehicles.
The parcel is approximately 2 acres and fully fenced. There is a gated entry that provides access to both the acreage and the area behind the buildings, supporting secure storage, staging, or yard-style use. The property is located just off the north Redding Business Loop, offering convenient access to I-5.
For buyers or operators seeking functional warehouse space with drive-in access, this configuration can support multiple workflows across two structures and dedicated roll-up bays. The fenced, gated layout and vehicle parking make it well-suited for businesses that need secure grounds and straightforward receiving and loading access.
The parcel is approximately 2 acres and fully fenced. There is a gated entry that provides access to both the acreage and the area behind the buildings, supporting secure storage, staging, or yard-style use. The property is located just off the north Redding Business Loop, offering convenient access to I-5.
For buyers or operators seeking functional warehouse space with drive-in access, this configuration can support multiple workflows across two structures and dedicated roll-up bays. The fenced, gated layout and vehicle parking make it well-suited for businesses that need secure grounds and straightforward receiving and loading access.
Key Highlights
- Two secured warehouse buildings on a 2‑acre fenced parcel: approx. 19,000 SF (east) plus approx. 10,000 SF (west)
- Total of 13 roll‑up doors: 9 roll‑up doors on the 19,000 SF building and 4 roll‑up doors on the 10,000 SF building
- Fully fenced with gated entry to the acreage and to the area behind the buildings
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
$262,950
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
7.73%
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%
$5,259,000
$5.3M
Cap Rate 7%
$3,756,429
$3.8M
Cap Rate 9%
$2,921,667
$2.9M
Market Conditions
NOI Build-Up for 19,000 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
$335.2K $17.64/SF
− Vacancy
−$25.8K −$1.36/SF
EGI
$309.4K $16.28/SF
− OpEx
−$46.4K −$2.44/SF
NOI
$262.9K $13.84/SF
Area
Shasta County, CA
Vacancy
7.70%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
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%
$5,259,000
Cap Rate 7%
$3,756,429
Cap Rate 9%
$2,921,667
Alternative Uses
Best Use
Warehouse
$3.76M
$3.29M – $4.38M
NOI $262,950 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.23M
$3.70M – $4.94M
NOI $296,104 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 96003, CA
45,185
Population
19,873
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
111.2 sq mi
ZIP Area
406
Density / Sq Mi
$71,801
Median Household Income
$39,295
Median Earnings
$1,402
Median Rent
$370,500
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - Two secured warehouse buildings with a total of 13 roll-up doors, plus vehicle parking and gated access for operations.
Where is this warehouse located?
The property is located at 4311 Caterpillar Road Redding, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Two secured warehouse buildings on a 2‑acre fenced parcel: approx. 19,000 SF (east) plus approx. 10,000 SF (west); Total of 13 roll‑up doors: 9 roll‑up doors on the 19,000 SF building and 4 roll‑up doors on the 10,000 SF building; Fully fenced with gated entry to the acreage and to the area behind the buildings
