Commercial Land with Office Conversion
1568 Victor Avenue Redding, CA 96003
For Sale
$320,000
Two adjoining parcels zoned LO and GO offer flat commercial land with an existing residential structure.
Property Size1,700 SF
Lot Size1.00 Acre
Price / SF$188.24
Days on Market94
Property Features for 1568 Victor Avenue
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Lot size
- 1.00 Acre
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1970
Listing Agency:
(530) 941-3166
Listed By:
Northstate Real Estate Professionals
(530) 941-3166
Source:
Xome
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 24 at 5:55AM
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 Northstate Real Estate Professionals
Investment Insights
Based on property information with market context.
Two adjoining parcels are being offered together: 1568 and 1562 Victor Ave, combining a commercial footprint intended for flexible professional and commercial use. The land is described as flat and usable, with valuable frontage along Victor Ave.
The property is zoned LO (Limited Office) and GO (General Office). The 1568 Victor Ave parcel includes an existing residential structure, while the adjacent 1562 Victor Ave parcel includes a non-functioning trailer. The site is positioned just one parcel off the high-traffic corner of Dana Drive & Victor Avenue, with access to major retail, dining, and business services noted in the remarks, and quick access to Interstate 5.
With frontage on Victor Ave and two parcels under one offering, the configuration supports redevelopment or expansion plans centered on office-oriented uses consistent with the stated zoning.
The property is zoned LO (Limited Office) and GO (General Office). The 1568 Victor Ave parcel includes an existing residential structure, while the adjacent 1562 Victor Ave parcel includes a non-functioning trailer. The site is positioned just one parcel off the high-traffic corner of Dana Drive & Victor Avenue, with access to major retail, dining, and business services noted in the remarks, and quick access to Interstate 5.
With frontage on Victor Ave and two parcels under one offering, the configuration supports redevelopment or expansion plans centered on office-oriented uses consistent with the stated zoning.
Key Highlights
- Two adjoining commercial parcels on Victor Ave (1568 & 1562 Victor Ave) totaling 1 acre
- Zoned LO (Limited Office) and GO (General Office)
- 1568 Victor Ave includes an existing residential structure
Financial Insights For Office B
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 | $34.7k | $20.40 |
| − Vacancy | −$7.4k | −$4.35 |
| EGI | $27.3k | $16.05 |
| − OpEx | −$6.8k | −$4.01 |
| NOI | $20.5k | $12.04 |
1,700 SF · lease $20.40/SF/yr · vacancy 21.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$292.4K
$255.9K – $341.2K
NOI $20,470 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$378.5K
$331.2K – $441.6K
NOI $26,493 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Two adjoining parcels zoned LO and GO offer flat commercial land with an existing residential structure.
Where is this commercial land located?
The property is located at 1568 Victor Avenue Redding, CA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two adjoining commercial parcels on Victor Ave (1568 & 1562 Victor Ave) totaling 1 acre; Zoned LO (Limited Office) and GO (General Office); 1568 Victor Ave includes an existing residential structure
