Standalone Flex-Industrial
For Sale
$950,000
1661 Zachi Way, Redding, CA 96003
Standalone flex-industrial building with office, two ground-level roll-up doors, and a secured yard with private parking.
Property Size7,250 SF
Price / SF$131.03
Days on Market263
Property Features for 1661 Zachi Way
General Information
Standard status
Active
Size
7,250 SF
Total Parking Spaces
11
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Amenities
3
Parking.
Off Street.
0.54
Building Details
Year Built
2003
Listing Agency:
(530) 221-1127
Listed By:
Capital Rivers Commercial
(530) 351-1160
Source:
Xome
Added: Dec 16, 2025
Changed: Sep 4
Last Checked: Sep 5 at 6:17AM
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 Capital Rivers Commercial
Investment Insights
Based on property information with market context.
This standalone flex-industrial building includes office space and a warehouse/work area designed for efficient loading and operations. The facility is served by two ground-level roll-up doors, providing straightforward access for deliveries and day-to-day movement within the space.
The property features a yard area enclosed by a shared iron security gate and includes 11 private parking spaces. Located in Northern Redding, CA, the building supports a practical on-site layout for both office and light industrial use.
In addition to the subject building, there is an option to purchase an adjacent building for a combined total of 15,250 square feet, providing flexibility for buyers seeking additional space.
The property features a yard area enclosed by a shared iron security gate and includes 11 private parking spaces. Located in Northern Redding, CA, the building supports a practical on-site layout for both office and light industrial use.
In addition to the subject building, there is an option to purchase an adjacent building for a combined total of 15,250 square feet, providing flexibility for buyers seeking additional space.
Key Highlights
- Standalone flex‑industrial building with office in Northern Redding, CA
- Two ground‑level roll‑up doors for loading and operations
- Shared iron security gate enclosing yard area
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
$87,409
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
9.20%
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%
$1,748,180
$1.7M
Cap Rate 7%
$1,248,700
$1.2M
Cap Rate 9%
$971,211
$971.2K
Market Conditions
NOI Build-Up for 7,250 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
$134.0K $18.48/SF
− Vacancy
−$9.1K −$1.26/SF
EGI
$124.9K $17.22/SF
− OpEx
−$37.5K −$5.17/SF
NOI
$87.4K $12.06/SF
Area
Shasta County, CA
Vacancy
6.80%
Lease Rate
$18.48 /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%
$1,748,180
Cap Rate 7%
$1,248,700
Cap Rate 9%
$971,211
Alternative Uses
Best Use
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,336 @ 7.0% cap · market cap 10.56%
Second Best
Industrial
$1.25M
$1.09M – $1.46M
NOI $87,409 @ 7.0% cap · market cap 9.20%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,987 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 96003, CA
45,185
Population
19,873
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
111.2 sq mi
ZIP Area
406
Density / Sq Mi
$71,801
Median Household Income
$39,295
Median Earnings
$1,402
Median Rent
$370,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Standalone flex-industrial building with office, two ground-level roll-up doors, and a secured yard with private parking.
Where is this flex space located?
The property is located at 1661 Zachi Way Redding, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Standalone flex‑industrial building with office in Northern Redding, CA; Two ground‑level roll‑up doors for loading and operations; Shared iron security gate enclosing yard area
