Multi-Tenant Shopping Center with
For Sale
$2,250,000
1852 Buenaventura, Redding, CA 96001
Five tenant units across two updated buildings with 53 on-site parking spaces.
Property Size12,440 SF
Lot Size1.63 Acres
Price / SF$180.87
Days on Market46
Property Features for 1852 Buenaventura
General Information
Standard status
Active
Size
12,440 SF
Total Parking Spaces
53
Lot size
1.63 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
Century 21 Select Real Estate, Inc.
Listed By:
Kimberly Shaffer · License #01415693
(530) 345-6618
Source:
Myfabuloushome
Added: Jul 20
Changed: Sep 3
Last Checked: Sep 1 at 9:30PM
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 Century 21 Select Real Estate, Inc.
Investment Insights
Based on property information with market context.
This shopping center includes two well-maintained commercial buildings, located on two parcels, with a total of five tenant units. The Gateway Plaza property comprises a 7,500+/- square-foot building and a 4,940+/- square-foot building, totaling 12,440+/- square feet of building area. The property offers 53 on-site parking spaces and is described as updated and professionally maintained.
Gateway Plaza is located on Buenaventura Boulevard in Redding, one of the area’s primary corridors. The site provides convenient access from Hwy 273 (S. Market St) and Highway 299 and is surrounded by established residential communities and complementary businesses.
For sale as a multi-tenant investment, the property is positioned as an income-producing retail asset with reduced immediate capital improvement needs, according to the seller.
Gateway Plaza is located on Buenaventura Boulevard in Redding, one of the area’s primary corridors. The site provides convenient access from Hwy 273 (S. Market St) and Highway 299 and is surrounded by established residential communities and complementary businesses.
For sale as a multi-tenant investment, the property is positioned as an income-producing retail asset with reduced immediate capital improvement needs, according to the seller.
Key Highlights
- Two commercial buildings at 1852 and 1872 Buenaventura on two parcels totaling approx. 1.63 acres
- Gateway Plaza includes five tenant units across 12,440+/- total SF (7,500+/- SF and 4,940+/- SF buildings)
- 53 on‑site parking spaces for tenant and customer 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
$163,229
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
7.25%
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%
$3,264,580
$3.3M
Cap Rate 7%
$2,331,843
$2.3M
Cap Rate 9%
$1,813,656
$1.8M
Market Conditions
NOI Build-Up for 12,440 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
$247.8K $19.92/SF
− Vacancy
−$14.6K −$1.18/SF
EGI
$233.2K $18.74/SF
− OpEx
−$70.0K −$5.62/SF
NOI
$163.2K $13.12/SF
Area
Shasta County, CA
Vacancy
5.90%
Lease Rate
$19.92 /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%
$3,264,580
Cap Rate 7%
$2,331,843
Cap Rate 9%
$1,813,656
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $163,229 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,870 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Jack in the Box
Dining
11,869 visits/mo
0.3 miles
AMPM
Shops & Services
10,488 visits/mo
0.3 miles
Demographics for 96001, CA
33,914
Population
14,370
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
72.4 sq mi
ZIP Area
468
Density / Sq Mi
$70,594
Median Household Income
$42,316
Median Earnings
$1,238
Median Rent
$385,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Five tenant units across two updated buildings with 53 on-site parking spaces.
Where is this shopping center located?
The property is located at 1852 Buenaventura Redding, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two commercial buildings at 1852 and 1872 Buenaventura on two parcels totaling approx. 1.63 acres; Gateway Plaza includes five tenant units across 12,440+/- total SF (7,500+/- SF and 4,940+/- SF buildings); 53 on‑site parking spaces for tenant and customer access
