Office Building with Rear
New
For Sale
$255,000
1272 Oregon St, Redding, CA 96001
Vacant office property with updated interiors, mini-split HVAC, and a private rear courtyard.
Property Size880 SF
Price / SF$289.77
Days on Market2
Property Features for 1272 Oregon St
General Information
Standard status
Active
Size
880 SF
Class
C
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$255,000
Amenities
private rear courtyard
security system
Building Details
Building Size
880 SF
Year Built
1893
Buildings
1
Owner Occupied
No
Listing Agency:
eXp Commercial of California Inc.
Listed By:
Scott Pewitt · License #CalDRE #01887963
(530) 227-2004
Source:
7s
Added: Sep 9
Last Checked: Sep 9 at 4:05PM
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 eXp Commercial of California Inc.
Investment Insights
Based on property information with market context.
This vacant office building provides approximately 880 SF of commercial space with an updated interior, engineered hardwood flooring, and high ceilings accented by shiplap and corrugated metal. A mini-split HVAC system supports climate control, while the private rear courtyard adds usable outdoor space. The property also includes a security system and a recently replaced roof.
Built in 1893, the building is directly across from Woody’s Brewing Company and offers convenient access to Market Street, Highway 44, and I-5. Its compact layout and existing improvements support a range of office-oriented commercial uses.
Built in 1893, the building is directly across from Woody’s Brewing Company and offers convenient access to Market Street, Highway 44, and I-5. Its compact layout and existing improvements support a range of office-oriented commercial uses.
Key Highlights
- Approximately 880 SF of office space
- Updated interior with engineered hardwood flooring
- High ceilings with shiplap and corrugated metal accents
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
$10,596
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
4.16%
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%
$211,920
$211.9K
Cap Rate 7%
$151,371
$151.4K
Cap Rate 9%
$117,733
$117.7K
Market Conditions
NOI Build-Up for 880 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
$18.0K $20.40/SF
− Vacancy
−$3.8K −$4.35/SF
EGI
$14.1K $16.05/SF
− OpEx
−$3.5K −$4.01/SF
NOI
$10.6K $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%
$211,920
Cap Rate 7%
$151,371
Cap Rate 9%
$117,733
Alternative Uses
Best Use
Office B
$151.4K
$132.5K – $176.6K
NOI $10,596 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$195.9K
$171.4K – $228.6K
NOI $13,714 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,486
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Vacant office property with updated interiors, mini-split HVAC, and a private rear courtyard.
Where is this office building located?
The property is located at 1272 Oregon St Redding, CA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Approximately 880 SF of office space; Updated interior with engineered hardwood flooring; High ceilings with shiplap and corrugated metal accents
