Multi-Tenant Retail
For Sale
$2,300,000
1852 Buenaventura Boulevard, Redding, CA 96001
Shopping center with five tenant units, two buildings, and 53 on-site parking spaces along a primary Redding corridor.
Property Size12,440 SF
Lot Size1.63 Acres
Price / SF$184.89
Days on Market52
Property Features for 1852 Buenaventura Boulevard
General Information
Standard status
Active
Size
12,440 SF
Total Parking Spaces
53
Lot size
1.63 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
(530) 643-7342
Listed By:
Grenvik Group Real Estate
(530) 643-7342
Source:
Grenvikgroup.idxbroker
Added: Jul 1
Changed: Jul 23
Last Checked: Aug 20 at 4:03AM
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 multi-tenant shopping center includes two well-maintained commercial buildings at 1852 and 1872 Buenaventura, situated on two parcels totaling approximately 1.63 acres. The Gateway Plaza property is configured with five tenant units and a combined building area of 12,440+/- square feet, including a 7,500+/- square foot building and a 4,940+/- square foot building. The site offers 53 on-site parking spaces and has been updated and professionally maintained, supporting an investor-ready asset with minimal immediate capital improvements.
Located on Buenaventura Boulevard, one of Redding’s primary corridors, the property is positioned for visibility and convenient access. The site provides access from Hwy 273 (S. Market St) and Highway 299, supporting day-to-day ease for tenants and customers. The property is surrounded by established residential communities and complementary businesses.
The combination of five units, two separate buildings, and ample on-site parking provides a practical retail configuration within a high-visibility, accessible location.
Located on Buenaventura Boulevard, one of Redding’s primary corridors, the property is positioned for visibility and convenient access. The site provides access from Hwy 273 (S. Market St) and Highway 299, supporting day-to-day ease for tenants and customers. The property is surrounded by established residential communities and complementary businesses.
The combination of five units, two separate buildings, and ample on-site parking provides a practical retail configuration within a high-visibility, accessible location.
Key Highlights
- Two commercial buildings (1852 & 1872 Buenaventura) on two parcels totaling approx. 1.63 acres
- Gateway Plaza has 5 tenant units and approx. 12,440+/- total building area, split into 7,500+/- SF and 4,940+/- SF buildings
- 53 on‑site parking spaces for tenants and visitors
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
$163,229
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
7.10%
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%
$3,264,580
$3.3M
Cap Rate 7%
$2,331,843
$2.3M
Cap Rate 9%
$1,813,656
$1.8M
Market Conditions
NOI Build-Up for 12,440 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
$247.8K $19.92/SF
− Vacancy
−$14.6K −$1.18/SF
EGI
$233.2K $18.74/SF
− OpEx
−$70.0K −$5.62/SF
NOI
$163.2K $13.12/SF
Area
Shasta County, CA
Vacancy
5.90%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
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%
$3,264,580
Cap Rate 7%
$2,331,843
Cap Rate 9%
$1,813,656
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $163,229 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,870 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Jack in the Box
Dining
11,869 visits/mo
0.3 miles
AMPM
Shops & Services
10,488 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center with five tenant units, two buildings, and 53 on-site parking spaces along a primary Redding corridor.
Where is this shopping center located?
The property is located at 1852 Buenaventura Boulevard Redding, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two commercial buildings (1852 & 1872 Buenaventura) on two parcels totaling approx. 1.63 acres; Gateway Plaza has 5 tenant units and approx. 12,440+/- total building area, split into 7,500+/- SF and 4,940+/- SF buildings; 53 on‑site parking spaces for tenants and visitors
