Fully Sprinklered Flex Space with Grade
For Sale
Contact for pricing
1691 Zachi Way, Redding, CA 96003
Industrial flex building with fully sprinklered shop, three grade level doors, fenced yard, and on-site parking.
Property Size6,250 SF
Price / SF$208
Days on Market90
Property Features for 1691 Zachi Way
General Information
Standard status
Active
Size
6,250 SF
Property subtype
FLEX_R_AND_D
Warehouse & Industrial
Drive-In Doors
3
Sprinkler System
Yes
Additional Details
Fenced Yard
Yes
Listing Agency:
Capital Rivers Commercial
(530) 917-4981
Listed By:
Ryan Haedrich · License #01747622
(530) 917-4981
Source:
Moodyscre
Added: May 15
Changed: Aug 11
Last Checked: Aug 11 at 3:06AM
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.
Industrial/shop/flex building at 1691 Zachi Way in Redding, CA 96003. The facility is fully sprinklered and includes an air compressor with air plumbed through the shop. The building is supported for shop operations with three (3) grade level doors, plus a fenced yard and on-site parking.
The site includes adjacent parcels, offering possible expansion or development potential. This layout can be attractive for tenants needing straightforward industrial access combined with additional outdoor storage and room to grow on the same set of parcels.
Overall, the property presents a practical flex-use configuration with core operational features already in place, including sprinkler protection, shop air distribution, and grade-level loading.
The site includes adjacent parcels, offering possible expansion or development potential. This layout can be attractive for tenants needing straightforward industrial access combined with additional outdoor storage and room to grow on the same set of parcels.
Overall, the property presents a practical flex-use configuration with core operational features already in place, including sprinkler protection, shop air distribution, and grade-level loading.
Key Highlights
- Fully sprinklered industrial/shop/flex building
- Air compressor with air plumbed through the shop
- Three (3) grade level doors for shop access
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
$75,352
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
5.80%
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%
$1,507,040
$1.5M
Cap Rate 7%
$1,076,457
$1.1M
Cap Rate 9%
$837,244
$837.2K
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
$115.5K $18.48/SF
− Vacancy
−$7.9K −$1.26/SF
EGI
$107.6K $17.22/SF
− OpEx
−$32.3K −$5.17/SF
NOI
$75.4K $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%
$1,507,040
Cap Rate 7%
$1,076,457
Cap Rate 9%
$837,244
Alternative Uses
Best Use
Industrial
$1.08M
$941.9K – $1.26M
NOI $75,352 @ 7.0% cap · market cap 5.80%
Second Best
Flex RnD
$993.1K
$869.0K – $1.16M
NOI $69,519 @ 7.0% cap · market cap 5.35%
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
Current Use
Lease Details
3
Drive-in doors
Yes
Sprinkler system
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 - Industrial flex building with fully sprinklered shop, three grade level doors, fenced yard, and on-site parking.
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: Fully sprinklered industrial/shop/flex building; Air compressor with air plumbed through the shop; Three (3) grade level doors for shop access
