Redding Industrial Facility with
For Sale
Contact for pricing
Pending
1691 Zachi Way, Redding, CA 96003
Well-maintained industrial facility with expansion potential in Redding, CA.
Property Size6,250 SF
Days on Market162
Property Features for 1691 Zachi Way
General Information
Standard status
Pending
Size
6,250 SF
Class
C
Property subtype
Industrial
Zoning
General Industrial
Investment Type
Owner/User
Building Details
Year Built
2005
Listing Agency:
Capital Rivers Commercial - Haedrich Group
(530) 221-1127
Listed By:
Ryan Haedrich · License #CA 01747622
Source:
Crexi
Added: Mar 5
Changed: Aug 12
Last Checked: Aug 11 at 6:32PM
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 - Haedrich Group
Investment Insights
Based on property information with market context.
Located at the end of the cul-da-sac of Zachi Way in the Mountain Lakes Industrial Park in Redding, CA, this well-maintained and professionally built industrial facility offers a blend of modern office and clear-span shop space. The building features a glass-accented office entry, private offices, and a mezzanine area above the office for additional storage. The warehouse is equipped with three grade-level roll-up doors for efficient loading and circulation. The property is fully sprinklered and includes an air compressor system plumbed throughout the shop. With ample on-site parking and fenced yard components, this 6250 square foot property is offered for sale along with the two adjoining parcels immediately to the west, providing valuable expansion potential, yard space, or future development flexibility. This property presents an opportunity for an owner-user or investor seeking a versatile, move-in-ready industrial asset with room to grow in one of Redding’s established industrial corridors.
Key Highlights
- Expansion potential with two adjoining parcels included in the sale.
- Move‑in‑ready industrial facility with modern office and clear‑span shop space.**
- Three grade‑level roll‑up doors for efficient loading.
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
$86,497
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
6.65%
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%
$1,729,940
$1.7M
Cap Rate 7%
$1,235,671
$1.2M
Cap Rate 9%
$961,078
$961.1K
Market Conditions
NOI Build-Up for 6,250 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
$110.3K $17.64/SF
− Vacancy
−$8.5K −$1.36/SF
EGI
$101.8K $16.28/SF
− OpEx
−$15.3K −$2.44/SF
NOI
$86.5K $13.84/SF
Area
Shasta County, CA
Vacancy
7.70%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
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%
$1,729,940
Cap Rate 7%
$1,235,671
Cap Rate 9%
$961,078
Alternative Uses
Best Use
Warehouse
$1.24M
$1.08M – $1.44M
NOI $86,497 @ 7.0% cap · market cap 6.65%
Second Best
Industrial
$1.08M
$941.9K – $1.26M
NOI $75,352 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,403 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Office 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?
Flex space - Well-maintained industrial facility with expansion potential in Redding, CA.
Where is this flex space located?
The property is located at 1691 Zachi Way Redding, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Expansion potential with two adjoining parcels included in the sale.; Move‑in‑ready industrial facility with modern office and clear‑span shop space.**; Three grade‑level roll‑up doors for efficient loading.
