Two-Story Office
For Sale
$1,100,000
185 Hartnell Avenue, Redding, CA 96002
Open floor plan with natural light and ample parking supports flexible office layouts.
Property Size6,960 SF
Days on Market51
Property Features for 185 Hartnell Avenue
General Information
Standard status
Active
Size
6,960 SF
Class
A
Property subtype
Office - General Office
Site & Location
Corner Location
Yes
Traffic Count
18,000 vehicles/day
Amenities
open floor plan
natural light
Building Details
Building Size
6,960 SF
Year Built
1989
Buildings
1
Stories
2
Listing Agency:
Capital Rivers Commercial
Listed By:
Ryan Haedrich, CCIM · License #01747622
(530) 221-1127
Source:
Commercialcafe
Added: Jul 30
Changed: Sep 8
Last Checked: Sep 16 at 1:46PM
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 two-story professional office building contains 6,960 square feet and features an open floor plan, natural light, and ample parking. The layout provides a practical setting for office operations and supports a range of workplace configurations.
The property is positioned on a signalized corner at 185 Hartnell Ave in Redding, California. Hartnell Avenue carries approximately ±18,000 ADT, and the site is in close proximity to major transportation arteries. The combination of corner positioning, traffic exposure, and accessible parking supports a visible office presence.
The property is positioned on a signalized corner at 185 Hartnell Ave in Redding, California. Hartnell Avenue carries approximately ±18,000 ADT, and the site is in close proximity to major transportation arteries. The combination of corner positioning, traffic exposure, and accessible parking supports a visible office presence.
Key Highlights
- 6,960‑square‑foot two‑story professional office building
- Open floor plan with natural light
- Ample parking on site
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
$83,806
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
7.62%
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%
$1,676,120
$1.7M
Cap Rate 7%
$1,197,229
$1.2M
Cap Rate 9%
$931,178
$931.2K
Market Conditions
NOI Build-Up for 6,960 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
$142.0K $20.40/SF
− Vacancy
−$30.2K −$4.35/SF
EGI
$111.7K $16.05/SF
− OpEx
−$27.9K −$4.01/SF
NOI
$83.8K $12.04/SF
Area
Shasta County, CA
Vacancy
21.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,676,120
Cap Rate 7%
$1,197,229
Cap Rate 9%
$931,178
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,806 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,467 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 96002, CA
35,158
Population
13,685
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
93%
High-School Grad
30.6 sq mi
ZIP Area
1,149
Density / Sq Mi
$74,230
Median Household Income
$40,454
Median Earnings
$1,281
Median Rent
$347,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Open floor plan with natural light and ample parking supports flexible office layouts.
Where is this office building located?
The property is located at 185 Hartnell Avenue Redding, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,960‑square‑foot two‑story professional office building; Open floor plan with natural light; Ample parking on site
