Class A Office Building with
For Sale
$5,000,000
2195 Larkspur Lane, Redding, CA 96002
Two-story Class A office building built in 1997 with elevator service, flexible floor plates, and modern tenant improvements.
Property Size29,632 SF
Price / SF$168.74
Days on Market52
Property Features for 2195 Larkspur Lane
General Information
Standard status
Active
Size
29,632 SF
Class
A
Property subtype
Commercial
Zoning
RED GC - General Commercial
Additional Details
Cap Rate
7%
Highway Access
Yes
Amenities
elevator
shared breakroom
on-site parking
Building Details
Year Built
1997
Year Renovated
2023
Stories
2
Construction
modern architecture
Listing Agency:
(530) 643-7342
Listed By:
Grenvik Group Real Estate
(530) 643-7342
Source:
Grenvikgroup.idxbroker
Added: Jul 1
Changed: Aug 14
Last Checked: Aug 20 at 4:07AM
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.
2195 Larkspur Lane is a 29,632-square-foot, two-story Class A professional office building built in 1997. The building features modern architecture, elevator service, and flexible floor plates designed to accommodate executive suites, professional offices, and larger institutional or assembly users. The first floor is leased to established tenants including Dunamis Wellness and Modern Elite Venues, with renovations completed in 2023. The second floor offers professional suites with mountain views and shared breakroom facilities.
The property is described as a high-visibility corner and includes convenient on-site parking. Access is provided to I-5 and Highway 44, with nearby amenities.
Offered as a stabilized investment at a 7% cap rate, the building includes shared restrooms and break room arrangements.
The property is described as a high-visibility corner and includes convenient on-site parking. Access is provided to I-5 and Highway 44, with nearby amenities.
Offered as a stabilized investment at a 7% cap rate, the building includes shared restrooms and break room arrangements.
Key Highlights
- Two‑story Class A professional office building built in 1997 totaling 29,632 SF
- Elevator‑served building with flexible floor plates for executive suites, professional offices, and larger users
- First‑floor tenant space includes Dunamis Wellness and Modern Elite Venues; renovations completed in 2023
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
$356,802
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
7.14%
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%
$7,136,040
$7.1M
Cap Rate 7%
$5,097,171
$5.1M
Cap Rate 9%
$3,964,467
$4.0M
Market Conditions
NOI Build-Up for 29,632 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
$604.5K $20.40/SF
− Vacancy
−$128.8K −$4.35/SF
EGI
$475.7K $16.05/SF
− OpEx
−$118.9K −$4.01/SF
NOI
$356.8K $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%
$7,136,040
Cap Rate 7%
$5,097,171
Cap Rate 9%
$3,964,467
Alternative Uses
Best Use
Office B
$5.10M
$4.46M – $5.95M
NOI $356,802 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.60M
$5.77M – $7.70M
NOI $461,797 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 96002, CA
35,158
Population
13,685
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
93%
High-School Grad
30.6 sq mi
ZIP Area
1,149
Density / Sq Mi
$74,230
Median Household Income
$40,454
Median Earnings
$1,281
Median Rent
$347,500
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 - Two-story Class A office building built in 1997 with elevator service, flexible floor plates, and modern tenant improvements.
Where is this office building located?
The property is located at 2195 Larkspur Lane Redding, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Two‑story Class A professional office building built in 1997 totaling 29,632 SF; Elevator‑served building with flexible floor plates for executive suites, professional offices, and larger users; First‑floor tenant space includes Dunamis Wellness and Modern Elite Venues; renovations completed in 2023
