Freestanding Retail Building with
1987 Hilltop Dr Redding, CA 96002
1987 Hilltop Dr, Redding, CA, 96002
$1,725,000
For Sale
$1,725,000
Freestanding retail building includes restaurant-style plumbing and restrooms, plus a 45-foot pylon sign and parking for conversion flexibility.
Property Size8,287 SF
Price / SF$208.16
Days on Market106
Property Features for 1987 Hilltop Dr
General Information
- Standard status
- Active
- Size
- 8,287 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1988
Listing agency
Whitlow Commercial Real Estate Inc.
(530) 605-5169
Listed by
Jess Whitlow, CCIM · License #CalDRE #01941996
(530) 605-5169
Source
Coxrec
Added: Apr 8 Updated: Jul 21 at 12:20PM Checked: Jul 21 at 12:20PM
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 Whitlow Commercial Real Estate Inc.
Investment Insights
Based on property information with market context.
An 8,287 SF freestanding retail building offers conversion flexibility for specialty use office or medical space. The former restaurant configuration leaves extra plumbing, a sufficient electrical infrastructure, and multi-stall restrooms in place. The building also features a prominent 45-foot pylon sign, supporting strong on-site visibility.
Located in the heart of Redding, CA, the property is positioned near the I-5 and Highway 44 interchange for convenient access. The site is described as suitable for retail uses and includes approximately 100 parking spaces.
The offering also notes redevelopment flexibility, including the ability to split into multiple spaces or redevelop the pad into an alternative use, along with a stated 3,600 SF potential for additional kiosk or building pad development. The listing further mentions potential for seller financing for qualified buyers.
Located in the heart of Redding, CA, the property is positioned near the I-5 and Highway 44 interchange for convenient access. The site is described as suitable for retail uses and includes approximately 100 parking spaces.
The offering also notes redevelopment flexibility, including the ability to split into multiple spaces or redevelop the pad into an alternative use, along with a stated 3,600 SF potential for additional kiosk or building pad development. The listing further mentions potential for seller financing for qualified buyers.
Key Highlights
- Freestanding 8,287 SF retail building built in 1988, formerly used as a restaurant
- Restaurant‑style plumbing and multi‑stall restrooms; can be converted to medical or office use
- 45' high pylon sign and approximately 19,602 ADT for high visibility
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.1k | $19.92 |
| − Vacancy | −$9.7k | −$1.18 |
| EGI | $155.3k | $18.74 |
| − OpEx | −$46.6k | −$5.62 |
| NOI | $108.7k | $13.12 |
8,287 SF · lease $19.92/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,736 @ 7.0% cap · market cap 6.30%
Second Best
Office B
$1.43M
$1.25M – $1.66M
NOI $99,785 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $129,148 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marie Callender's
Restaurant
Bake My Day
Bakery
M C Redding
Nightclub
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding retail building includes restaurant-style plumbing and restrooms, plus a 45-foot pylon sign and parking for conversion flexibility.
Where is this retail space located?
The property is located at 1987 Hilltop Dr Redding, CA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Freestanding 8,287 SF retail building built in 1988, formerly used as a restaurant; Restaurant‑style plumbing and multi‑stall restrooms; can be converted to medical or office use; 45' high pylon sign and approximately 19,602 ADT for high visibility
